HousingHandbookReference data

U.S. ZIP Code · AR72940

Sebastian County · Fort Smith, AR-OK

Typical home value

$198,868[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.9%
5-year / yr
+4.5%
10-year / yr
+5.3%

Relative price

vs U.S.
-30.0%
vs metro
-2.9%
vs state
+7.4%
ZIP 72940 location in AR
Location of ZIP 72940 in AR

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 72940 is worth $198,868 — 2.9% below the Fort Smith, AR-OK median. Over the past year, values have risen 4.9%. The effective property tax rate is 0.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.5%[3]
Typical annual tax
$960[3]

#Climate risk

FEMA National Risk Index ratings for Sebastian County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively Moderate
Drought
Relatively Low
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Relatively High
Earthquake
Relatively Low
Winter weather
Relatively High

#Who lives here

Population
1,829[3]
Median household income
$58,056[3]

#Migration

Household moves in and out of Sebastian County over a year, from IRS tax-return data.

Net migration
+68[5]
Moved in
3,400
Moved out
3,332

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,006
Loan principal$159,094
Down payment$39,774
Total interest paid$202,916

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,251
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
14th percentile[1]
Rental yield
[2]
Property tax
24th percentile[3]

Frequently asked

How much is a home worth in ZIP code 72940?
The typical home in 72940 is worth $198,868, based on the Zillow Home Value Index.
Are home values rising in 72940?
Home values in 72940 are up 4.9% over the past year, and up 4.5% a year over five years.
What is the property tax rate in 72940?
The effective property tax rate in 72940 is 0.5% — roughly $960 a year on a typical home.
Who lives in 72940?
ZIP code 72940 has a population of 1,829 and a median household income of $58,056.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Barling, AR

    Typical home
    $194,851
    Gross yield
  • Redbird Smith CDP, OK

    Typical home
    $203,919
    Gross yield
  • Carlisle CDP, OK

    Typical home
    $204,004
    Gross yield
  • Nicut CDP, OK

    Typical home
    $192,656
    Gross yield
  • Hackett, AR

    Typical home
    $205,798
    Gross yield
  • Mountainburg, AR

    Typical home
    $206,562
    Gross yield

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