The story of this market
The typical home in ZIP 72903 sells for about $223,752, or $125 per square foot.
Prices are down 5.6% from a year ago, which gives buyers more room to negotiate. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $1,500 a month.
This ZIP has no home sales of its own, so its market figures come from Fort Smith, Arkansas (city-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 72903 — Fort Smith
The 72903 housing market is currently characterized by balanced conditions with a median listing price of $277,000. While year-over-year price growth has moderated, the market remains active with a steady pace of sales and a healthy inventory level, reflecting a stable environment for local buyers and sellers.
This ZIP is well-suited for families and long-term residents seeking a suburban lifestyle with access to established schools, local amenities, and a stable, cost-effective housing market.
Median prices moved down 5.6% year over year.
Homes spend a median of 37 days on market with 2.8 months of supply — a fast-moving market.
21% of listings have cut prices · homes sell at 96.7% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 10.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 72903, Sebastian County AR
The area is served by the Fort Smith Public School District, which maintains a variety of elementary, middle, and high school options for residents.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and occasional tornado activity, necessitating standard property insurance coverage.
Fort Smith serves as a regional economic hub with a diverse base in manufacturing, logistics, and healthcare, supported by ongoing infrastructure improvements.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arkansas) — Arkansas Disabled Veteran Total Property Tax Exemption: Provides a 100% exemption from all ad valorem real property taxes on the principal homestead. Formula: Net Ad Valorem Tax Due = $0.00. State (Arkansas) — Arkansas Senior and Disabled Assessment Freeze: Freezes the assessed taxable value of the homestead at the prevailing assessed value at the time the owner becomes eligible or purchases the property. State (Arkansas) — Arkansas State Homestead Property Tax Credit: Provides a direct reduction against ad valorem property taxes up to $350.00 (increased to $350 by Act 655 of 2009; further statutory increases may apply up to $425 depending on legislative session). Formula: Final Tax Due = max($0, Gross Ad Valorem Tax - Homestead Credit). State (Arkansas) — Arkansas Amendment 79 Assessment Growth Caps (Assessment Limitation): Caps annual assessed value growth following a countywide reappraisal: homestead parcel taxable assessments cannot increase by more than 5% per year, and non-homestead residential parcel taxable assessments cannot increase by more than 10% per year until taxable assessment reaches… State (Arkansas) — Arkansas Ad Valorem Property Tax Assessment Ratio and Valuation: Imposes an ad valorem property tax based on a uniform statutory assessment ratio of 20% of true market value.
Residents typically rely on personal vehicles for commuting, with major thoroughfares providing access to the Fort Smith employment core and surrounding industrial parks.
The area features access to local parks, community green spaces, and proximity to the Arkansas River, with various shopping and dining options located along major commercial corridors.
The rental market shows steady demand with a median asking rent of approximately $1,371, reflecting a balanced environment for both tenants and investors.
The local economy is anchored by manufacturing, healthcare, and logistics sectors, with major employers including regional medical centers and industrial manufacturing firms.
The area is primarily served by a network of highways and arterial roads, with limited public transit options, making personal vehicle ownership essential for most commuters.
Development activity is focused on infill residential projects and the expansion of commercial services along major transit corridors.
The Sebastian County Assessor's office manages property valuations, utilizing a mass appraisal system to determine taxable values for residential and commercial parcels.
Parcels in this ZIP are subject to standard municipal and county tax levies, including school district and emergency service district assessments.
Property insurance premiums are influenced by regional hazard profiles, including wind and storm risks, with competitive rates available through various regional and national carriers.
Data retrieved from data.census.gov using ZCTA 72903 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides extensive green space and recreational trails for local residents.
Major regional shopping destination serving the Fort Smith area.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 85.8% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $277,000 could not be independently corroborated and was removed pending review (no prior-cycle value to revert to); the case is under review in the Command Center.