Side-by-side comparison of Fort Smith, AR and Jonesboro, AR — cap rates, rent, prices, and investment metrics.
Cash flow: Fort Smith has the edge with an estimated cap rate of 5.24% compared to Jonesboro's 5.14%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $155,000 in Fort Smith vs $175,000 in Jonesboro, while rents come in at $920/mo and $1,020/mo respectively.
Growth & appreciation: Jonesboro is growing faster at 0.7% annually vs Fort Smith's 0.3%. Jonesboro leads on home value appreciation at 2.3% per year.
Costs & risk: Property taxes are 0.6% in Fort Smith vs 0.62% in Jonesboro. Vacancy rates of 6.8% and 6.2% are mixed — Jonesboro has the tighter rental market.
Bottom line: Fort Smith edges out Jonesboro on most key metrics. With a 5.24% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Fort Smith or Jonesboro.