Performance indicators for the Fayetteville short-term rental market based on reliable data.
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The highest-performing listings in Fayetteville.
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Challenging to Investors
STRs are explicitly allowed, but Type 2 investment STRs face a hard cap of 475 licenses with a waitlist and require a CUP in residential zones, plus annual licenses, inspections, and 2% HMR tax with aggressive enforcement including potential service termination for unlicensed operations.
Local STR Agent
STR specialist · Fayetteville, AR
Fayetteville sits in the northwestern corner of Arkansas in Washington County, with a population of roughly 95,000 residents, making it the state's second- or third-largest city depending on the source. The city has the feel of a vibrant college town wrapped in an outdoor-recreation setting, anchored by the flagship University of Arkansas and its Razorbacks athletics programs, while also serving as a gateway to the Ozark Mountains and the broader Northwest Arkansas region. Its historic downtown square, locally owned restaurants, music venues, and leafy residential streets give it a walkable, mid-sized character that contrasts with the more sprawling suburbs to its north. Fayetteville is about 200 miles northwest of Little Rock, the nearest major city and Arkansas's capital, and lies roughly between Tulsa, Oklahoma to the west and Springfield, Missouri to the northeast.
Just south of the city, the Ozark National Forest spreads across more than a million acres of the Boston Mountains and surrounding highlands, offering hiking, camping, swimming holes, and scenic drives. Depending on which trailhead or recreation area visitors target, drive times from Fayetteville range from about 30 minutes to just over an hour. The forest's mix of hardwood-covered ridges, springs, and waterfalls draws outdoor enthusiasts year-round and is one of the most reliable draws for visitors who want to experience the natural side of the region without traveling far from town.
To the northwest, Beaver Lake sits within about 15 to 20 miles of downtown Fayetteville and serves as the area's main reservoir for boating, fishing, sailing, and lakeside camping. Managed by the U.S. Army Corps of Engineers, the lake is ringed with public access points, marinas, and day-use areas, and it functions as a major summer attraction for both locals and out-of-town guests looking for water-based recreation in the Ozarks.
About 40 minutes north in Bentonville, the Crystal Bridges Museum of American Art anchors a thriving arts and culture scene, with a campus of striking contemporary architecture set in wooded walking trails. Founded by the Walton family, the museum is free to visit and is widely regarded as one of the most significant American art collections in the country. Closer to town, Devil's Den State Park, roughly 40 minutes south of Fayetteville, offers cabins, caves, and a network of hiking and mountain biking trails in a quiet corner of the Ozarks.
Fayetteville's appeal as a short-term rental base comes from this layering of experiences: a lively university-driven downtown, easy access to lakes and national forest, and proximity to nationally recognized museums and parks, all in a region where drive times between major attractions rarely exceed an hour.