How much does a Home Smart franchise cost?
Opening a Home Smart franchise takes a total initial investment of $65,500 to $205,000, according to the brand's 2026 Franchise Disclosure Document. That FDD makes no Item 19 financial performance representation, so it discloses no earnings figures at all.
HomeSmart franchises HomeSmart Real Estate Brokerage Businesses. Category: Business Services.
Item 7
What it costs to open a Home Smart franchise
The franchisor's own estimated initial investment, as disclosed in its 2026 FDD. The total is $65,500 to $205,000. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are Additional Funds ($25,000 to $50,000), Computer hardware and software ($5,000 to $30,000), and Opening promotional expense ($3,500 to $25,000). Together they make up about 51% of the high-end estimate.
The initial franchise fee is $20,000, about 31% of the low-end total.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| Initial Franchise Fee2026 FDD, Item 7, p. 11 | $20,000 | $20,000 | 2026 FDD, Item 7, p. 11 |
| Travel and living expenses while training2026 FDD, Item 7, p. 11 | $1,500 | $5,000 | 2026 FDD, Item 7, p. 11 |
| Computer hardware and software2026 FDD, Item 7, p. 11 | $5,000 | $30,000 | 2026 FDD, Item 7, p. 11 |
| Supplies2026 FDD, Item 7, p. 11 | $1,500 | $5,000 | 2026 FDD, Item 7, p. 11 |
| Opening promotional expense2026 FDD, Item 7, p. 11 | $3,500 | $25,000 | 2026 FDD, Item 7, p. 11 |
| Office Lease2026 FDD, Item 7, p. 11 | $1,000 | $10,000 | 2026 FDD, Item 7, p. 11 |
| Leasehold Improvements/ | $0 | $20,000 | 2026 FDD, Item 7, p. 11 |
| Furniture, Fixtures, and Equipment2026 FDD, Item 7, p. 11 | $5,000 | $20,000 | 2026 FDD, Item 7, p. 11 |
| Insurance, Security and Utilities Deposits, Dues, Licenses2026 FDD, Item 7, p. 11 | $2,500 | $10,000 | 2026 FDD, Item 7, p. 11 |
| Exterior Office Signage2026 FDD, Item 7, p. 11 | $500 | $10,000 | 2026 FDD, Item 7, p. 11 |
| Additional Funds2026 FDD, Item 7, p. 11 | $25,000 | $50,000 | 2026 FDD, Item 7, p. 11 |
| Total estimated initial investment2026 FDD, Item 7, p. 11 | $65,500 | $205,000 | 2026 FDD, Item 7, p. 11 |
Source Home Smart, 2026 FDD, Item 7, p. 11, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-27. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Item 19
What Home Smart franchisees actually report earning
This brand's FDD publishes no Item 19.
“We do not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor’s management by contacting Bryan Brooks, Senior Vice President of Franchise Sales, HomeSmart International, LLC, Franchise Services, at 8388 East Hartford Dr., Suite 100, Scottsdale, AZ 85255, and (602) 889-2100, the Federal Trade Commission, and the appropriate state regulatory agencies.”
Source Home Smart, 2026 FDD, Item 19, p. 32-33, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-27. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Item 20
How many Home Smart outlets there are, and how many closed
Home Smart ended 2025 with 201 franchised outlets and 57 company-owned outlets. In that year 8 franchised outlets opened and 12 left the system.
Three years at a glance
From 2023 through 2025, Home Smart opened 54 franchised outlets and 24 outlets left the system. That is a net gain of 30, from 171 to 201 franchised outlets. Of the outlets that left, 24 were terminated.
On average, about 4.3% of franchised outlets left the system each year, roughly 1 in 23.
Our arithmetic from the FDD's Item 20 table below. "Left the system" counts every outlet the franchisor reports as terminated, not renewed, bought back, or closed for other reasons.
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | 205 | 8 | 12 | 0 | 0 | 0 | 201 | 2026 FDD, Item 20, p. 37 |
| 2024 | 180 | 26 | 1 | 0 | 0 | 0 | 205 | 2026 FDD, Item 20, p. 37 |
| 2023 | 171 | 20 | 11 | 0 | 0 | 0 | 180 | 2026 FDD, Item 20, p. 37 |
Source Home Smart, 2026 FDD, Item 20, p. 37, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-27. Read from a scanned copy of this FDD; figures and page citations were transcribed from the page images.
Compare
How Home Smart compares with other Business Services franchises
Measured against the 140 Business Services franchises on this site, using each brand's own FDD.
- Cost to open. The middle of Home Smart's estimated range is $135,250. It costs less to open than 52% of Business Services franchises here.
- Outlets leaving each year. 4.3% for Home Smart. That is lower than 75% of the 101 Business Services franchises with at least 10 outlets.
- Three-year growth. Home Smart's franchised system grew 18%. The typical Business Services franchise here grew 4.3%.
- Earnings disclosure. 71 of the 140 Business Services franchises here publish earnings figures in Item 19. Home Smart is not one of them.
Our arithmetic from each brand's Item 7 and Item 20. Growth and departure comparisons leave out brands with fewer than 10 outlets, where one opening or closure distorts the figures. See every Business Services franchise side by side.
Alert me when Home Smart files a new FDD
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