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Rental Market Summary & Key Takeaways
Fayetteville Key Takeaways
Landlords
Stable Rents: Constant month-over-month and year-over-year rents suggest a stable market.
Cool Market: Potentially indicating the need for landlords to differentiate their listing through competitive pricing or unique amenities.
High Availability: Many rentals are available, indicating a competitive market.
Tenants
Stable Pricing: Minimal changes provide predictability.
Wide Selection: High availability of rentals offers more choices.
Cool Market: Less competition, potentially more negotiating power.
Bentonville Key Takeaways
Landlords
Stable Rent: No significant changes month-over-month or year-over-year.
Quick Turnover: Properties spend less time on the market, indicating high demand.
Warm Market: Competitive environment, favoring landlords.
Tenants
Steady Costs: Stable pricing helps with financial planning.
High Demand: Faster market movement requires prompt decision-making.
Competitive Environment: A warm market suggests limited negotiation room.
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 - $1,900; (2) Bentonville- $1,895; (3) National average - $1,850.
- Bordo, Jonas. “The Complete 2023 Guide to Rent Prices in the US.” Accessed 20 Nov. 2023.
- Source: zillow.com 2024, rental-manager/market-trends/Fayetteville-AR, Accessed 27 June. 2024.
- Source: zillow.com 2024, rental-manager/market-trends/Bentonville-AR, Accessed 27 June. 2024.