Fort Smith, AR-OK · Arkansas
Sebastian County
ZIP 72903
128,448 residents459 permits TTM$56,450 median HHI14 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$166,000
ACS 5-Year
Cap rate proxy
6.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.2%
HUD FMR ÷ ACS HHI
Net migration
+1.57%
IRS SOI
Permits (TTM)
459
Census BPS
Climate risk
86.8
FEMA NRI (0–100)
ZIP 72903
Median home value
—
Gross yield
—
Buy Box score
0.6
Section 8 gap
—
Affordability
P/I: 4.2R/I: 23.5%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown14 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 72904 | — | — | — | 9.5% | — |
| 72901 | — | — | — | 7.1% | — |
| 72908 | — | — | — | 6.9% | — |
| 72905 | — | — | — | 6.2% | — |
| 72938 | — | — | — | 6.2% | — |
| 72945 | — | — | — | 6.2% | — |
| 72944 | — | — | — | 5.9% | — |
| 72916 | — | — | — | 5.8% | — |
| 72903 | — | — | — | 5.6% | — |
| 72923 | — | — | — | 5.4% | — |
| 72940 | — | — | — | 5.1% | — |
| 72937 | — | — | — | 5.1% | — |
| 72936 | — | — | — | 4.3% | — |
| 72941 | — | — | — | 4.3% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
61.2%
Census ACS
Vacancy rate
9.2%
Census ACS
Bachelor's degree +
24.4%
Census ACS
Rent burdened
39.1%
Census ACS (>30% income)
Median age
38.0
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026