Top City Searches in Arkansas
Arkansas: The Natural State
Arkansas has an estimated population of 3,013,756 residents. The capital city is Little Rock. The state is known for its diverse landscapes, varying from mountain ranges to dense forests. It also has a humid subtropical climate, with frequent storms and extreme weather conditions.
Loved for its Southern culture and rich historical roots, Arkansas is home to countless attractions. These include the
Crystal Bridges Museum of American Art, the
Arkansas Arts Center,
Fort Smith National Historic Site, the
Walton Arts Center, the
Robinson Center, and the King Opera House. Performing arts companies based in Arkansas include the
Arkansas Repertory Theatre,
Ballet Arkansas, and the
Arkansas Symphony Orchestra.
Arkansas is also widely known for its Southern cuisine. Popular dishes include Arkansas-style barbecue, pulled pork, brisket, chicken sandwiches, a variety of fried foods, and delicious side dishes. There are also many colleges and universities in Arkansas, such as the
University of Arkansas,
Arkansas State University,
Arkansas Tech University, and the
University of Central Arkansas.
Other attractions include
Hot Springs National Park,
Buffalo National River,
Petit Jean State Park,
Crater of Diamonds State Park,
Garvan Woodland Gardens, the
William J. Clinton Library and Museum, and
Little Rock Zoo.
Examining Arkansas's Rental Market
The real estate market in Arkansas is one of the most affordable in the country. While it was not immune to the impact of the pandemic, the Natural State is projected to recover, with prices remaining relatively cheap. The
median home value in Arkansas is $149,120, which is about 50% lower than the national median.
Affordable real estate definitely plays a significant role in drawing property investors to Arkansas, but it is not the only factor. The state also has a sizable renter population, even though it is comparatively cheaper to buy a home. In fact, 34.4% of the residents in Arkansas rent their homes. This means rental property owners can look forward to a decent pool of renters.
Image via towncharts.com
In addition to this, landlords can expect to earn reasonable returns. The median rent in the state is $851. While rent dipped a little back in 2018, it quickly bounced back the following year. Rental income may not be as high as other states, but when you place it next to the cost of real estate, Arkansas landlords can certainly benefit.
Image via deptofnumbers.com
Finally, Arkansas makes for a very favorable environment for landlords. It is the only state that does not require landlords to provide a habitable dwelling or make repairs unless the lease says otherwise. Renters also can't withhold rent for whatever reason. Due to all this, Arkansas has even earned the nickname "The Most Landlord-Friendly State in the U.S."
When to Hire an Arkansas Property Management Company
A property management company can assist landlords with many things. This includes finding and screening tenants, setting and collecting rent, performing inspections, conducting maintenance and repairs, enforcing the lease agreement, and fielding tenant calls. A management company can also help landlords prepare their taxes, manage their rental property's budget, and process evictions when necessary.
How do you know it's time to hire an Arkansas rental management company?
- You own too many rental properties that it can be hard to juggle them all at once.
- You live far from your rental property or properties.
- Work, family, and other personal responsibilities are already taking too much of your time.
- You lack the skills or experience required to successfully manage your rental home or unit.
- You hold no interest in hands-on property management.
Need Help With Property Management in Arkansas?
Is your Arkansas rental property taking up too much of your time? Our
online directory can help you easily connect with a qualified property manager to oversee your rental property. Rental Choice is the perfect place to begin the search for property management in Arkansas!
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