The typical owner-occupied home in Fort Smith is worth about $119,600, 68% below the Montana median of $375,800 and 64% below the national median of $332,700. The median household earns $51,190 a year, so the median home costs 2.3 times the median income (5.2 times for Montana). 91% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Fort Smith at a glance
| Fort Smith | Montana | U.S. | |
|---|---|---|---|
| Median home value | $119,600 | $375,800 | $332,700 |
| Median property tax paid per year | – | $2,693 | $3,119 |
| Median household income | $51,190 | $72,509 | $80,734 |
| Homes lived in by their owners | 91% | 69% | 65% |
| Owner homes with a mortgage | 36% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1972 | 1981 | 1980 |
| Vacant homes | 61.9% | 13.2% | 10.1% |
| Population | 78 | 1,116,875 | 334,922,499 |
How much equity Fort Smith owners could borrow
Home equity is what your home is worth minus what you owe. Most lenders let you borrow until your loans add up to 80% to 85% of the home's value. For the median Fort Smith home of $119,600, 80% is $95,680.
64% of Fort Smith owners have no mortgage at all, so they could borrow up to the full 80% limit.
If you instead refinance and take cash out, the whole loan moves to the new rate (this week's 30-year average is 7.11%). A home equity loan or line of credit keeps your current first mortgage, which is usually better when your existing rate is lower than today's.
| Owe nothing | $95,680 to $101,660 |
|---|---|
| Owe $29,900 | $65,780 to $71,760 |
| Owe $59,800 | $35,880 to $41,860 |
| Owe $77,740 | $17,940 to $23,920 |
Before the lender's own limits, fees and your credit and income checks.
Change the numbers in the calculator
Questions about home equity loans in Fort Smith
What is the median home value in Fort Smith?
About $119,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much can I borrow against my home in Fort Smith?
Usually up to 80% to 85% of your home's value, minus what you owe. On the median home of $119,600, an 80% limit is $95,680 before subtracting your mortgage.
More about Fort Smith
- Mortgage Refinance in Fort Smith
- Home Buying in Fort Smith
- Debt Relief in Fort Smith
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data