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Cities with the most expensive homes in the Fort Smith metro area

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scarp577 // Shutterstock
scarp577 // Shutterstock

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the Fort Smith metro area using data from . Charts show the monthly typical home value since January 2018. All 24 cities and towns with data available were included in the list.

You may also like: Fort Smith mid-year housing market review

#24. Arkoma, OK

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#24. Arkoma, OK

- Typical home value: $100,734
- 1-year price change: -0.8%
- 5-year price change: +21.3%

#23. Hartford, AR

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#23. Hartford, AR

- Typical home value: $165,313
- 1-year price change: +6.7%
- 5-year price change: +2.1%

#22. Ozark, AR

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#22. Ozark, AR

- Typical home value: $173,682
- 1-year price change: +4.5%
- 5-year price change: +21.3%

#21. Mansfield, AR

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#21. Mansfield, AR

- Typical home value: $184,339
- 1-year price change: +8.4%
- 5-year price change: +16.8%

#19. Mulberry, AR

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#19. Mulberry, AR

- Typical home value: $189,256
- 1-year price change: +7.6%
- 5-year price change: +26.8%

#18. Roland, OK

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#18. Roland, OK

- Typical home value: $192,640
- 1-year price change: +3.2%
- 5-year price change: +34.9%

#17. Fort Smith, AR

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#17. Fort Smith, AR

- Typical home value: $195,029
- 1-year price change: +3.1%
- 5-year price change: +18.4%

#16. Muldrow, OK

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#16. Muldrow, OK

- Typical home value: $196,147
- 1-year price change: +5.7%
- 5-year price change: +37.5%

#14. Gans, OK

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#14. Gans, OK

- Typical home value: $199,128
- 1-year price change: +6.1%
- 5-year price change: +42.2%

#13. Huntington, AR

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#13. Huntington, AR

- Typical home value: $199,365
- 1-year price change: +6.1%
- 5-year price change: +18.9%

#12. Charleston, AR

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#12. Charleston, AR

- Typical home value: $199,862
- 1-year price change: +4.0%
- 5-year price change: +26.3%

#11. Gore, OK

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#11. Gore, OK

- Typical home value: $200,057
- 1-year price change: +8.1%
- 5-year price change: +31.6%

#9. Lavaca, AR

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#9. Lavaca, AR

- Typical home value: $208,370
- 1-year price change: +4.1%
- 5-year price change: +25.1%

#8. Van Buren, AR

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#8. Van Buren, AR

- Typical home value: $210,103
- 1-year price change: +5.6%
- 5-year price change: +32.2%

#7. Hackett, AR

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#7. Hackett, AR

- Typical home value: $212,779
- 1-year price change: +8.1%
- 5-year price change: +17.8%

#6. Mountainburg, AR

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#6. Mountainburg, AR

- Typical home value: $225,715
- 1-year price change: +7.6%
- 5-year price change: +30.2%

#4. Cookson, OK

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#4. Cookson, OK

- Typical home value: $246,042
- 1-year price change: +7.4%
- 5-year price change: +33.1%

#3. Alma, AR

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#3. Alma, AR

- Typical home value: $251,207
- 1-year price change: +5.8%
- 5-year price change: +31.5%

#2. Cedarville, AR

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#2. Cedarville, AR

- Typical home value: $258,750
- 1-year price change: +8.7%
- 5-year price change: +42.9%

#1. Rudy, AR

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#1. Rudy, AR

- Typical home value: $270,694
- 1-year price change: +9.8%
- 5-year price change: +42.4%