-2.png)
Rental Market Summary & Key Takeaways
Fayetteville Key Takeaways
Landlords
Moderate Rent with Minimal Changes: Stable rent prices indicate a predictable market, good for long-term planning.
Average Market Time: A balance between supply and demand is suggested by the average days on the market.
Cool Market: This indicates a tenant-friendly market, suggesting landlords might need competitive pricing or amenities to attract tenants.
Tenants
Stable Rent: The median rent has remained stable month-over-month, providing predictability for tenants currently looking for rentals.
Balanced Market Time: Provides enough time for a thorough housing search without urgency.
Tenant-Friendly Market: Suggests potential for rent negotiation and a variety of choices.
Bentonville Key Takeaways
Landlords
Decreasing Rent: Indicates a need for competitive pricing strategies and property enhancements to attract tenants.
Slightly Longer Market Time: Suggests a lower tenant demand, requiring effective marketing strategies.
Cool Market: Emphasizes the importance of distinguishing property features to stand out in a less competitive market.
Tenants
Lower and Decreasing Rent: Provides opportunities for finding more affordable housing options.
Less Competitive Market: Gives tenants more negotiation leverage and a wider selection of properties.
Beneficial for Tenant Choices: This indicates a market where tenants can take time to make informed decisions.
Sources & Additional Information:
- Market temperature is based on changes in renter demand compared to the national average.
- For example, a hot market has increasing demand.
- Temperature is based on all bedrooms and all property types.
- Median rent - 3-bedroom houses: (1) Tulsa - $1,475; (2) Owasso - $1,783; (3) National average - $1,850.
- Bordo, Jonas. “The Complete 2023 Guide to Rent Prices in the US.” Accessed 20 Nov. 2023.
- Source: zillow.com 2023, rental-manager/market-trends/Fayetteville-AR, Accessed 27 Jan. 2024.
- Source: zillow.com 2023, rental-manager/market-trends/Bentonville-AR, Accessed 27 Jan. 2024.