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Rental Market Summary & Key Takeaways
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Fayetteville Key Takeaways
Landlords
Slight Rent Decrease: A minor month-over-month rent decrease.
Small Yearly Decrease: Indicates a slight reduction in market value over the past year.
High Availability: A significant number of rentals are available, suggesting a competitive market.
Tenants
More Negotiating Power: Decline in rental prices could give tenants more room to negotiate.
Plenty of Choices: High availability of rentals offers a wide range of options.
Cool Market: Indicates a tenant-friendly market with less competition.
Bentonville Key Takeaways
Landlords
Stable Rent: Minor monthly decrease but a modest yearly increase.
Moderate Availability: Moderate number of rentals on the market.
Warm Market Temperature: Indicates a market leaning slightly in favor of landlords.
Tenants
Steady Prices: Relatively stable pricing with a slight increase over the year.
Balanced Market: Not overly competitive, providing reasonable options for tenants.
Actively Competitive: Warm market temperature suggests some competition, but also availability.
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) Fayetteville - $1,895; (2) Bentonville- $1,913; (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 21 Apr. 2024.
- Source: zillow.com 2023, rental-manager/market-trends/Bentonville-AR, Accessed 21 Apr. 2024.