1031 Exchange in Fort Smith MSA

The Fort Smith Metropolitan Statistical Area represents a manufacturing-centered border market anchored by the University of Arkansas Fort Smith's $142.7 million economic impact and a diverse manufacturing base, but facing significant demographic and employment challenges with 6.75% population decline and 6.01% employment decline despite income growth (6.56% to $56,717) and affordable housing ($190,953 median home value). This Arkansas-Oklahoma border community combines manufacturing strength (16.3% employment), healthcare growth, and cross-border commerce advantages with low property tax burdens, offering 1031 exchange investors access to an affordable market with institutional stability and regional logistics advantages, though requiring careful consideration of population and employment decline trends.