Fort Smith, Arkansas Short-Term Rental Market Overview
Visitor Profile
Fort Smith, Arkansas, attracts approximately 1.5 million visitors annually, making it a notable destination in the region. The visitor demographics reveal a diverse mix, with a significant portion of travelers aged 25 to 54, comprising around 60% of the total visitor base. Families and couples represent the primary visitor groups, with leisure travel being the main purpose for 70% of visitors. The economic impact of tourism in Fort Smith is substantial, contributing over $200 million to the local economy, which underscores the importance of this sector for the community. For more insights, the Fort Smith tourism bureau provides valuable data on visitor trends and attractions (https://www.go-arkansas.com/Fort-Smith/Tourism-Information/).
In terms of visitor analysis, the annual visitor numbers reflect a steady increase, with a growing interest in historical and cultural attractions. The average length of stay is approximately 2.5 nights, with peak seasons occurring during spring and fall, when outdoor festivals and events draw larger crowds. The primary reasons for visiting include exploring Fort Smith’s rich history, such as the Fort Smith National Historic Site, and enjoying outdoor activities along the Arkansas River. Visitors often seek accommodations that provide easy access to these attractions, making STR operators well-positioned to cater to this demand. According to the visitor statistics report (https://en.wikipedia.org/wiki/Fort_Smith,_Arkansas), the city’s vibrant arts scene and culinary offerings also play a crucial role in attracting tourists. Overall, Fort Smith’s tourism statistics highlight a thriving market with diverse opportunities for growth and engagement.
Top Attractions
Fort Smith, Arkansas, is a hidden gem in the heart of the Ozarks, offering a rich tapestry of history, culture, and outdoor adventure. Visitors can explore the fascinating past at the Fort Smith National Historic Site, where the remnants of the old fort and the iconic gallows tell stories of the Wild West. Families can enjoy a day at the Fort Smith Riverfront Park, which features walking trails and stunning views of the Arkansas River. With a variety of attractions that cater to history buffs, nature lovers, and families alike, Fort Smith is an ideal destination for anyone looking to experience the charm of this vibrant city. Read on to discover the top attractions that make Fort Smith a must-visit location.
One of the standout attractions is the Fort Smith National Historic Site, where you can delve into the city’s storied past. The site includes the remains of the original fort and the Federal Court for the Western District of Arkansas, showcasing the area’s significance during the Indian Removal Act. For more information, visit the official site at https://shebuystravel.com/things-to-do-in-fort-smith-arkansas/. Another must-see is the Fort Smith Museum of History, which features exhibits on local history, including the area’s railroad heritage and the famous lawman, Bass Reeves. Families will enjoy the interactive exhibits and engaging programs offered throughout the year.
Outdoor enthusiasts should not miss the opportunity to explore the beautiful Riverfront Park, where you can enjoy walking trails, picnic areas, and scenic views of the river. This park is perfect for a leisurely stroll or a family outing. With so much to see and do, Fort Smith attractions are sure to provide memorable experiences for every visitor.
Regulations
Fort Smith, Arkansas, has established specific regulations governing short-term rentals to ensure compliance with local laws and community standards. Property owners interested in renting out their homes or properties on a short-term basis must navigate a series of requirements. Key regulations include obtaining a business license, adhering to zoning laws, and fulfilling tax obligations. Specifically, short-term rental operators are required to collect a lodging tax, which is essential for funding local services. Understanding these regulations is crucial for property owners to avoid penalties and ensure a smooth rental experience. For those looking to operate short-term rentals in Fort Smith, it’s vital to stay informed about the latest guidelines and requirements.
To legally operate a short-term rental in Fort Smith, property owners must first obtain a business license from the city. This license ensures compliance with local regulations and is a prerequisite for operating legally. Additionally, property owners are subject to a lodging tax, which is currently set at 2% of the rental income. This tax must be collected from guests and remitted to the city on a quarterly basis. Zoning restrictions also play a significant role; short-term rentals are only permitted in designated areas, and property owners should verify their zoning classification before proceeding. Safety requirements, including smoke detectors and fire extinguishers, must be met to ensure guest safety. Failure to comply with these regulations can result in penalties, including fines or revocation of the business license. For complete regulations, visit the City of Fort Smith’s official website (https://fortsmithar.gov) and check the municipal code (https://library.municode.com/ar/fort_smith) for detailed information on short-term rental requirements.
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Vacation Rental Market Overview for Fort Smith
Fort Smith attracts visitors with its cultural attractions and historic sites and adventure sports and activities. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.
This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.
Fort Smith, Arkansas Market Performance Trends
Short-Term Rental Market Performance Analysis for Fort Smith
The short-term rental market in Fort Smith demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.
Market Trend Summary
Current market indicators show: mature market with optimized pricing patterns
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Fort Smith, Arkansas Housing Market Data
Home Value Trends
Market Overview
- Typical Home Value:$188,045
- Median Sale Price:$218,500
- Median List Price:$263,966
Current Inventory
- Homes For Sale:422
- New Listings:97
Detailed Market Analysis
Real Estate Market Analysis for Fort Smith, Arkansas
The residential real estate market in Fort Smith, Arkansas presents unique opportunities for investors and homebuyers alike. Current market dynamics show affordable housing options with growth potential with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: growing population trends, economic development, and lifestyle amenities These factors contribute to the overall market performance and future growth potential.
Real estate investments in Fort Smith, Arkansas benefit from growing rental market potential and investment opportunities. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Fort Smith, Arkansas Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:68.3% Booked
- 4-6 Months:53.5% Booked
- 7-9 Months:33.7% Booked
- 10-12 Months:4.3% Booked
Cancellation Policies
- Flexible:0%
- Moderate:0%
- Strict:0%
- Super Strict:0%
Minimum Stay
- 1 Day:0
- 2 Days:0
- 3 Days:0
- 4-6 Days:0
- 7-29 Days:0
- 30+ Days:0
Short-Term Rental Regulations and Booking Patterns in Fort Smith
Fort Smith vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.
Market analysis reveals balanced approach between flexibility and stability. These insights help property managers optimize their listing strategies and maximize occupancy.
Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.
Fort Smith, Arkansas Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Fort Smith
The vacation rental market in Fort Smith features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.
Market characteristics include concentration in 2-3 bedroom properties ideal for small groups. This distribution reflects local demand patterns and traveler preferences.
Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.
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