Housing market/Arkansas/ZIP 72903
ZIP 72903 Fort Smith, Arkansas
Fort Smith, AR-OK MSA · Arkansas. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 72903 · AR — sent to you.
ZIP 72903 · AR
ACS rent vs 2BR SAFMR
ZIP 72903 — Fort Smith, AR HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 72903
- 1-unit detached7,09358.7%
- 1-unit attached4623.8%
- 2–4 units2,20218.2%
- 5–49 units1,49212.4%
- 50+ units7916.5%
- Mobile390.3%
2–4 unit share 18.2% · 5–49 unit share 12.4% · combined 2–49 30.6%.
Units by bedrooms
Rent burden
- ACS median gross rent $804 (all bedrooms, occupied rentals).
- Median contract rent $659.
- Renters paying ≥30% of income 38.1%; ≥50% 17.3%.
- FY2027 2BR SAFMR $1,020 (1.269× ACS median gross rent).
Population
26,318 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +0.7%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 2 projects, 272 units.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 112 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 72903 46.4% of occupied households are renters; vacancy is 6.8%; ACS median gross rent is $804; population increased +0.7% between the 2018 and 2023 ACS vintages; the housing stock includes 2,202 units in 2–4-unit structures and 1,492 units in 5–49-unit structures; 2 LIHTC projects totaling 272 units; FY2027 2BR SAFMR is $1,020 versus ACS median gross rent of $804. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Arkansas research
ZIP 72903 is a Census / HUD profile for Fort Smith, AR-OK, AR. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 72903 — Fort Smith, AR HUD Section 8 Payment Standards / SAFMR·Arkansas ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Arkansas research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 72903?
ZIP 72903 (Fort Smith, AR-OK MSA) has 26,318 residents, 11,253 households, a renter share of 46.4%, median household income of $60,186, and ACS 2023 median gross rent of $804. Vacancy is 6.8%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 72903?
ACS counts 997 units in 2-unit buildings, 1,205 in 3–4 unit buildings, 290 in 5–9, 957 in 10–19, and 245 in 20–49. Combined 2–49 unit stock is 3,694 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 72903?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,020. See the full schedule and 90–110% payment-standard band on the ZIP 72903 — Fort Smith, AR HUD Section 8 Payment Standards / SAFMR.
Does this Arkansas ZIP profile include Georgia listings?
No. ZIP 72903 is Census / HUD research for Fort Smith, AR-OK MSA. Jeff Crowe CRE does not list Arkansas property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.