Fayetteville, Arkansas Short-Term Rental Market Overview
Visitor Profile
Top Attractions
Fayetteville, Arkansas, is a vibrant city known for its lively university atmosphere and rich cultural scene. One of the city’s most iconic attractions is Dickson Street, a bustling entertainment district filled with restaurants, live music venues, bars, and theaters, making it a hub for nightlife and entertainment. Visitors can enjoy the historic George’s Majestic Lounge, one of the longest-running live music venues in Arkansas, or explore the city’s vibrant arts scene through the Walton Arts Center. Additionally, the city boasts scenic outdoor attractions such as parks, trails, and the Castle sculpture by artist Frank Williams, perfect for picnics, sunbathing, and outdoor activities.
Beyond entertainment, Fayetteville offers historical sites and cultural landmarks that deepen its charm. The former President Bill Clinton’s childhood home provides a glimpse into the city’s political history, while attractions like the Botanical Garden of the Ozarks and the Clinton House Museum showcase the area’s natural beauty and heritage. Whether you’re interested in exploring the city’s lively nightlife, engaging with its rich history, or enjoying the stunning Ozark Mountains surrounding it, Fayetteville offers a diverse array of experiences that make it a compelling destination for every traveler.
Regulations
Hosts considering short-term rentals in Fayetteville, Arkansas, should anticipate a regulated environment that emphasizes compliance with local laws designed to balance community interests and tourism benefits. While Fayetteville has measures addressing licensing and operational conduct, hosts must navigate zoning restrictions, health and safety requirements, and tax obligations to operate legally and successfully. Understanding the specific rules regarding permits, habitation status of the rental property, occupancy standards, and enforcement mechanisms is crucial for a smooth hosting experience.
### Key Regulatory Considerations:
– Licensing and Permits: Fayetteville requires hosts to obtain appropriate permits before renting properties on a short-term basis. These permits are typically managed through the city’s planning or business licensing departments, with renewal processes and fees established to maintain compliance.
– Primary Residence Requirement: There are regulations that may limit short-term rental permits to properties that serve as the host’s primary residence. This ensures rentals do not unduly impact housing availability and community character.
– Zoning and Location Restrictions: The city enforces zoning laws that dictate where short-term rentals are permitted. These zones commonly exclude certain residential areas to mitigate neighborhood disturbances.
– Occupancy and Health & Safety Standards: Fayetteville mandates adherence to occupancy limits promoting safety and comfort. Hosts must install and maintain required safety devices such as smoke detectors, carbon monoxide alarms, and fire extinguishers, consistent with local codes.
– Taxation: Short-term rental hosts in Fayetteville are responsible for collecting and remitting transient occupancy taxes and possibly other applicable taxes to local authorities, aligning with Arkansas state law.
– Operational Standards and Enforcement: Hosts must comply with city standards on noise, guest behavior, and advertising. Enforcement is conducted by city officials, and penalties for violations can include fines or revocation of permits.
For the most current and legally binding information, property owners should consult the City of Fayetteville’s Official Website and specifically inquire at or navigate to their Planning and Development Department or business licensing sections. This ensures access to up-to-date ordinances and guidance tailored to short-term rental operators in Fayetteville.
Fayetteville, Arkansas Market Performance Trends
Fayetteville, Arkansas Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:67.8% Booked
- 4-6 Months:64.4% Booked
- 7-9 Months:41.6% Booked
- 10-12 Months:5% Booked
Cancellation Policies
- Flexible:32.9%
- Moderate:40.4%
- Strict:23.7%
- Super Strict:23.7%
- N/A:1.8%
Minimum Stay
- 1 Day:205
- 2 Days:292
- 3 Days:10
- 4-6 Days:8
- 7-29 Days:9
- 30+ Days:49