Hot Springs National, Arkansas Short-Term Rental Market
Hot Springs STRs averaged $245/night at 41.3% occupancy in April 2026, with revenue up 8.3% year-over-year.
Quick Answer: Hot Springs National, Arkansas is an active short-term rental market. average occupancy in the Hot Springs market area is 59%. average monthly revenue in the Hot Springs market area is $4,834. average daily rate in the Hot Springs market area is $297. the top operator in the Hot Springs market area is Evolve with 257 listings. market score is 84/100 (grade B).
Market data reflects the Hot Springs regional market, which includes Hot Springs National. Regulations, taxes, and permit details below are specific to Hot Springs National.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Hot Springs National Park, Arkansas hosts one of the South’s most distinctive short-term rental markets, anchored by 9.7 million annual visitors drawn to thermal spas, Oaklawn Racing Casino Resort, Lake Hamilton, and Lake Ouachita. The active listing inventory stands at approximately 3,410 properties, with 3,357 (98.4%) operating as entire-place rentals. Private rooms account for 52 listings and shared rooms for 1. By bedroom count, the market breaks down as: 1-bedroom (905 listings), 2-bedroom (1,061), 3-bedroom (798), 4-bedroom (354), and 5-bedroom or more (289). The average daily rate in April 2026 was $245, and average occupancy was 41.3%, producing a RevPAR of $101.20. Year-over-year, occupancy improved 6.0 percentage points, ADR rose 2.4%, and average monthly revenue grew 8.3% compared to April 2025. Channel distribution shows 2,157 listings active on both Airbnb and VRBO, 906 on Airbnb only, and 347 on VRBO only, indicating strong multi-platform penetration. The market’s overall investment score is 84.2 out of 100, with especially high marks for revenue growth (94.2) and investability (91.9).
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 26% |
| Feb | 38% |
| Mar | 57% |
| Apr | 42% |
| May | 47% |
| Jun | 61% |
| Jul | 66% |
| Aug | 44% |
| Sep | 40% |
| Oct | 48% |
| Nov | 43% |
| Dec | 35% |
Month-by-month nightly rates and revenue figures for Hot Springs National are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Hot Springs market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Hot Springs market as a whole, which includes Hot Springs National, so these counts are not Hot Springs National-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 257 | 16,898 | ★ 4.76 |
| 2 | Overnight Digs Luxury Vacation Rentals | 97 | 3,975 | ★ 4.92 |
| 3 | Village Nightly Rentals | 86 | 1,640 | ★ 4.83 |
| 4 | United Country Real Estate | 64 | 4,920 | ★ 4.87 |
| 5 | Village Villas Vacation Rentals | 63 | 400 | ★ 4.67 |
What Kind of STR Should I Buy in Hot Springs National?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Hot Springs National are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 26.6% |
| vrbo | 10.2% |
| both | 63.3% |
Booking Insights
Booking-window and length-of-stay analysis for Hot Springs National — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Hot Springs regulates STRs under a structured licensing program established by Ordinance O-21-26 (June 2021), amended by Ordinances 06410 (January 2022) and 6435 (August 2022). All operators must hold an annual city-issued business license, non-transferable and renewable each January 1. The fee is $50 per licensed overnight occupant with a $200 minimum. Maximum overnight occupancy is set by the Building Official and Fire Chief at two guests per bedroom plus two additional guests; daytime occupancy is capped at 150% of the overnight maximum. A city inspection (Certificate of Occupancy) is required before the first license and again if maximum occupancy changes. Operators must designate a local contact available 24 hours a day who can be on-site within 60 minutes. As of July 2025, the 400-license residential zone cap is full and no new residential-zone licenses are being issued. Non-residential zones (C-TR, CN, CMU, CG, CBD, IL, IH, IMU), condos, and HPR properties recorded before January 18, 2022 remain open. Owner-occupancy and primary-residence requirements are not mandated. There is no annual maximum on rental nights. The occupancy tax rate is 11.5%. Enforcement severity is rated moderate.
Market Comparison
The US STR market median occupancy is approximately 55% and median ADR approximately $220. Hot Springs runs below the national occupancy median at 41.3% in April 2026, though April is a shoulder month and the summer peak reaches 66.2%. The $245 ADR is above the national median, supported by the area’s tourism infrastructure and limited supply in certain zones due to the residential license cap. Professionally managed listings in Hot Springs average $297/night, 35% above the national median ADR. On the operator side, Evolve leads with 257 listings and 16,898 reviews (4.76 rating), making it the dominant property manager by volume. Overnight Digs Luxury Vacation Rentals holds 97 listings with a 4.92 rating. Village Nightly Rentals operates 86 listings at 4.83. These top three managers collectively account for 440 listings, or roughly 13% of active inventory. The high density of professionally managed inventory contributes to the ADR premium over national benchmarks.
Frequently Asked Questions About Hot Springs National, Arkansas
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