Are you thinking about selling your home soon? The right renovations can increase your home’s value while helping it sell faster. But not all upgrades are created equal.

According to the 2025 Remodeling Impact Report from the National Association of REALTORS®, these are the home projects that offer the best return on investment and highest buyer interest.

Best Home Renovations with the Highest Return on Investment

The top-performing projects in terms of cost recovery are:

• New Steel Front Door – 100% Cost Recovery
  • Adds security and sleekness, hosts a 100% return on investment, making it the most affordable and impactful updates sellers can make.
• Closet Renovation – 83% Cost Recovery
  • Efficient storage is important for prospective buyers, and renovating closet space adds functionality.
• New Fiberglass Front Door – 80% Cost Recovery
  • Fiberglass improves curb appeal and energy efficiency, serving as a more expensive alternative to its steel counterpart.
• New Vinyl or Wood Windows – 74% and 71% cost recovery
  • Much like fiberglass doors, upgrading improves aesthetics and energy efficiency, two attractive qualities to the modern buyer.
• Basement Conversion to Living Area – 71% Cost Recovery
  • Adding livable square footage is a major value booster, especially for a basement spaces marketed as a second living room or home office.

What Projects Bring the Most Joy?

Personal satisfaction is also important to buyers. Some projects bring lots of joy, such as:

• Adding a Primary Bedroom Suite
• Upgrading the Kitchen
• Replacing Roofing

These projects offer a strong combination of resale value and homeowner satisfaction.

What Makes a Renovated Home Attractive to Buyers?

According to the National Association of Realtors, buyers are less willing to compromise on a home’s condition. With 46 percent of realtors reporting that buyers expect updated homes.
In other words, renovation is an investment in appeal and equity.

Renovations to do Before Selling House

Before you sell, Realtors recommend potential sellers to:

• Paint the entire home
• Paint one room
• Get a New Roof
• Upgrade the Kitchen
• Renovate the Bathroom

Fresh paint is a budget-friendly project with high visual impact.

Roofing, kitchens, and bathrooms are important to many buyers; they want them updated, clean, and safe.

Our Takeaway: Balance Budget and Buyer Expectations

At Coldwell Banker, Harris McHaney & Faucette, successful renovations balance cost, joy, and market demand. Here’s how to approach your decision:

• Start Small: Painting and front door upgrades offer great return on investment and curb appeal.
• Think Long-Term: Projects like new windows, roofs, or basement conversions increase livable space, curb appeal, and energy efficiency.
• Know the Market: Focus on more long-term trends, like upgraded kitchens and bathrooms.
• Mid-range Projects Perform Well: Don’t be afraid to dip into more complex projects, like closet renovations or Attic Conversions, which offer a good balance of added value and buyer interest.

The Homeowner Approach:

While remaining competitive in the market by remodeling is important, so are your expectations!
According to statistics on the result of remodeling:

• 28% of owners report better functionality
• 23% report durable and long-lasting results
• 23% report more beautiful homes.

On top of that, 80% of people feel some sense of accomplishment over their completed project.

Looking for a Guide?

Coldwell Banker, Harris McHaney & Faucette knows what today’s buyers are looking for, and what investment makes sense for your goals in the market.

Before you renovate, contact us for expert advice on transforming your house.

Markets are ever-changing, and the same can be said about the real estate market!

It’s more important than ever to understand what those changes mean and how they can work in your favor.

Coldwell Banker Harris McHaney & Faucette is here to help you understand real estate terms so you can navigate the market with ease!

What’s the Difference Between a Buyer’s Market and a Seller’s Market?

Before you understand what kind of market it is, you need to understand market conditions.

The key measurement is the Absorption Rate. It’s also known as months of inventory or months of supply.

This number tells us how long it would take to sell all the current homes on the market if no new listings were added.

Here’s how it works:

• 5-6 months of inventory: a balanced market
• Less than 5 months: a seller’s market (higher demand, lower supply)
• More than 6 months: a buyer’s market (higher supply, lower demand)

Currently, Northwest Arkansas has about six months of inventory, indicating a shift towards a buyer’s market.

Breaking Down the Data:

Now that you understand how realtors determine whether it’s a buyer’s or seller’s market, here’s a quick look at how our local market has evolved over the last five years, using data from ArkansasONE MLS*.

Anything above 6 indicates a shift towards buyer’s market, with seller’s market for anything below!

As you can see, inventory has grown, but so has home value. That’s good news for both buyers and sellers.

Buying Homes in Northwest Arkansas

If you paused your home search over the last year due to tight inventory or bidding wars, now is a smart time to jump back in.

Here are just a few reasons:

• More Options: Inventory is up, so you have more homes to choose from
• Less Competition: Fewer multiple-offer situations and more room to negotiate.
• Better fit: Much more likely to find a home that fits your needs and wants perfectly.

Selling Homes in Northwest Arkansas

While we’ve entered a buyer’s market, that doesn’t mean homes aren’t still selling.

Here’s what to keep in mind:

• Northwest Arkansas is growing: With that growth comes new opportunities daily.
• Homes are still selling: Because buyers are so common, homes still find buyers.
• Prices remain strong: Even though the market shifted, average sale prices have continued to rise. A great sign for sellers.

A Unique Opportunity for Real Estate in Northwest Arkansas

The current market offers a great window of opportunity for both buyers and sellers.

Buyers have more flexibility and negotiating power, while sellers continue to benefit from a strong market supported by steady population growth and rising property values.

Buying or Selling Homes in Northwest Arkansas

Work with a local expert who understands the numbers and how to use them to your advantage! Connect with an agent at Coldwell Banker Harris McHaney & Faucette today!

* Source: Data pulled on June 11, 2025 from Arkansas ONE MLS stats, ADOM vs List Price Median for residential sales customized by months of inventory and sales price average for specific date ranges noted above.

Open houses are one of the best ways to explore homes in person. They give buyers the chance to walk through a home, ask questions, and get a feel for the neighborhood-all without having to schedule a private showing or sign paperwork.

With changes that took effect last year, open houses are becoming more helpful-and more powerful-than ever.  Within Coldwell Banker Harris McHaney & Faucette, we have seen an exponential increase in the amount of Open House events are agents are hosting with some weekends having 30+ Open Homes to Tour! 

What’s New in Real Estate?

In 2024,  a new rule was put in place that states buyers need to sign an agreement with a real estate agent before touring homes privately. This rule was designed to create more transparency and help buyers understand how their working relationship with an agent functions. Click here to read more about Buyer Agency.

For Buyers that are ready to purchase, the Buyer Agreement is a legal requirement.  However, if you are just starting your home search, this can feel a little “too soon”.  What if you’re not ready to commit to one agent? What if you’re still figuring out what you want?

That’s where open houses come in.

Why Open Houses in Northwest Arkansas Are So Helpful

Open houses let you visit homes without needing an appointment or a signed agreement. You can walk through at your own pace, ask questions, and picture yourself living there. It’s low-pressure and flexible-perfect for first-time buyers or anyone who just wants to explore.

Plus, they’re a great way to:

• See different styles of homes
• Get a feel for neighborhoods
• Meet real estate agents in person
• Compare what’s available on the market

You’re not just looking at pictures online-you’re stepping inside and getting a true sense of the space.

Sellers Love Open Houses, Too

For sellers, open houses bring more eyes to their home. With so many buyers starting their search online, an open house is a great way to turn interest into action. Buyers can walk in, look around, and decide if it’s the right fit.

Real estate agents also use open houses to gather feedback and help fine-tune how the home is being presented. That’s a win for sellers-and for future buyers.

And here’s the advantage: our brokerage has over 300 agents who can help make open houses happen. That means if a seller wants to showcase their home, we have the power, the people, and the experience to bring it to life. Open houses aren’t just a checkbox on a marketing plan-they’re part of a smart, results-driven strategy.

Real Stats That Back It Up

Here are a few quick facts from the 2025 NAR Home Buyers and Sellers Report:

• 49% of buyers used open houses as a resource during their home search.
• Buyers looked at an average of 7 homes over 10 weeks-so every chance to visit matters.
• 24% of buyers used websites to find upcoming open houses in areas they liked.

These numbers show just how powerful open houses can be when buying or selling a home.

Why Coldwell Banker Harris McHaney & Faucette Agents Are Seeing Big Results

Right now, we’re seeing open houses lead directly to multiple offers, faster sales, and meaningful client connections. It’s no accident-our agents are well-trained, knowledgeable, and backed by one of the most trusted names in real estate: Coldwell Banker.

Our brand power, combined with local expertise and smart marketing, is making a big impact in the market. Whether you’re a buyer looking to explore or a seller ready to stand out, our team has the tools-and the talent-to help you succeed. Click here to connect with our agents.

Open Houses Make Home Shopping Easier

In today’s fast-moving market, open houses give buyers a chance to slow down and explore their options. There’s no pressure. Just a chance to learn more, meet helpful agents, and find out what you’re looking for.

And sometimes, the perfect home shows up when you least expect it-maybe even at your next open house.

Start Your Home Search in NWA Today

Want to explore homes near you? Use the Open House Finder at Coldwell Banker Harris McHaney & Faucette to see what’s coming up. Whether you’re just browsing or ready to make a move, our expert agents are here to help every step of the way.

Let’s open the door to your next chapter-together.

Northwest Arkansas is known for its amazing trail system, with miles of scenic paths for walking, biking, and running. But do homes near these trails sell for more?

The data, both in NWA and across the country, says yes! Homes near trails tend to have higher prices. But there’s more to it than that. Prices fluctuate, and trail homes don’t always follow the same patterns as other homes in the area.

At Coldwell Banker Harris McHaney & Faucette, we want to break down the numbers and explain why trail homes are in demand. There’s more to the story than just a higher price tag!

How to Read This Blog

We’ve broken this blog into key sections to compare home prices across the five major cities that host most of Northwest Arkansas’s 484 miles of trails.

Here’s what we’ll cover:

• Why do buyers want trail access?
• Comparing Median Sales Prices
• Local Analysis
• National Data and Economic Impacts
• Conclusion

The second section includes a helpful data table to break down these trends. Whether you’re looking to buy a trail home or wondering how your current home stacks up, you can compare different cities and see how trail access impacts home values across NWA!

Why Do Buyers Want Trail Access?

Northwest Arkansas is well known for its natural beauty, and the demand for homes near trails isn’t just about property value. NWA offers a unique blend of urban, rural, and outdoor lifestyles, making trail access a sought-after feature.

Many homebuyers today prioritize walkability, sustainability, and outdoor recreation. Trail access isn’t just about having a place to jog or bike—it fosters a healthier, more community-oriented lifestyle. Trails provide a convenient way to enjoy nature, reduce reliance on cars, and connect with neighbors.

Families, fitness enthusiasts, and remote workers looking for a scenic change of pace are all drawn to homes near trail networks. In some cases, homebuyers actively seek properties offering direct trail access as a must-have feature.

Northwest Arkansas fits the bill for those interested in a lifestyle that blends convenience with outdoor adventure.

Comparing Median Sales Prices

Bella Vista

Homes near trails in Bella Vista typically cost about $20,000 more than those without trail access. While being near a trail adds value, other factors like home improvements and overall demand also affect prices in this area.

Bentonville

Bentonville has the largest price difference between trail and non-trail homes, with trail-access homes selling for over $100,000 more. The city’s real estate market continues to grow, driven by corporate expansion and Walmart’s influence. Even with high overall demand, trail homes maintain a premium.

Fayetteville

Homes with trail access saw a significant 10.4% increase in median sales price, highlighting the strong demand for properties near trails. This trend reflects the growing appeal of walkability, outdoor recreation, and the lifestyle benefits that come with living close to NWA’s extensive trail system.

Rogers

Home prices near trails in Rogers climbed 19.5%, surpassing the 12.4% increase for non-trail homes. The price gap between these properties also grew significantly, exceeding $75,000. This trend highlights the increasing value buyers place on trail access, likely driven by the city’s continued investment in outdoor spaces and recreational infrastructure.

Springdale

Springdale’s higher median sales prices for homes near trails highlight the increasing demand for trail access in the housing market. As the city expands its trail network, more buyers are prioritizing connectivity to outdoor spaces, driving up home values.

Market Analysis

• Trail Homes are Generally More Expensive – Homes near trails command higher prices across NWA, though premiums vary by city. In Bentonville and Rogers, the price gap is particularly significant.
• Buyer Demand for Trail Access Varies – Some cities show strong price growth for trail homes, while in others, trail access is just one of many factors influencing home values.
• Non-Trail Homes Are Still Growing in Value – In some cities, non-trail homes had a higher percentage increase year over year, showing that overall housing demand remains strong.
• Economic and Lifestyle Factors Play a Role – Rapid price growth in Bentonville and Rogers aligns with corporate expansions, job growth, and infrastructure improvements.

National Trends & Economic Impact

Northwest Arkansas isn’t the only region where trails boost home values. Studies from the National Association of Realtors and urban planning organizations show that homes within walking distance of trails tend to sell at higher prices nationwide.

In cities like Denver and Portland, trail-adjacent homes see increased demand from buyers seeking bike-friendly, walkable communities. A 2018 study found that trail proximity can significantly raise property values, especially in areas where outdoor recreation is a priority.

Beyond home prices, trails contribute to local economies. A study on NWA’s cycling infrastructure found that biking-related economic activity contributed $159 million in 2022, with continued growth. Events and businesses catering to outdoor enthusiasts have further boosted tourism and economic development.

Conclusion

The data is clear: homes near trails are in high demand and sell for a premium. However, the impact of trail access on home values varies by city, with some areas experiencing stronger growth than others.

Beyond real estate, trail expansion is shaping Northwest Arkansas’s economy, tourism, and community development. As the region continues investing in outdoor infrastructure, homes near trails will likely remain a valuable asset in the housing market.

Looking for a trail-access home or wondering what your property is worth? Contact Coldwell Banker Harris McHaney & Faucette to connect with a local expert and explore your options today!

Data sourced from Arkansas ONE MLS, analyzing residential homes near trails sold between 2023 and 2024. Data was pulled on February 21, 2025.

Luxury homebuyers today want more than just beautiful properties. They look for features that match their lifestyle, values, and convenience. Northwest Arkansas (NWA) is a standout market, offering homes that blend elegance, innovation, and practical living. Here are the top trends shaping the local luxury market.

Walkable Communities with Space to Spare

In big cities, luxury buyers often choose between living in smaller spaces or staying close to amenities. In NWA, there’s no need to compromise. Here, you’ll find large, private estates within walking distance of great dining, boutique shopping, and cultural hotspots. These neighborhoods combine the privacy of estate living with the perks of urban walkability.

Sustainable Living

Eco-friendly homes are more popular than ever. Buyers are looking for features like energy-saving appliances, smart home systems, electric car charging stations, and high-performance insulation. Local builders in NWA are stepping up, offering homes that are as environmentally friendly as they are luxurious.

Outdoor Living Spaces

Outdoor areas are just as important as the indoors for many buyers. Features like outdoor kitchens, swimming pools, firepits, and spacious patios are highly sought after. These spaces aren’t just for show—they’re perfect for creating lasting memories with loved ones.

Guest Suites for Privacy and Flexibility

Separate guest suites are becoming a must-have for luxury homes. They provide private accommodations for visiting friends and family and can also serve as short-term rentals. With attractions like Razorback games and the Crystal Bridges Museum nearby, these suites offer extra value for homeowners.

Modern Exterior Designs

Luxury homes in NWA are embracing sleek, modern designs. Contemporary exteriors with clean lines and bold materials reflect the area’s growth and innovative spirit. These homes stand out while blending into the region’s natural beauty.

Your Partner in Luxury Real Estate

Buying or selling a luxury home requires experience and expertise. Coldwell Banker Harris McHaney & Faucette is here to help. Our team of certified Global Luxury REALTORS® provides expert guidance and unmatched service. Whether you’re looking for your dream home or ready to sell, we’ll be with you every step of the way.

As Millennials continue to age, their role in shaping the economy has become increasingly significant. This generation, ranging in age from 28 to 43, represents about 22% of the U.S. population and plays a key role in driving economic trends.

However, not every region offers the same opportunities for economic growth. Some areas provide a better foundation for success than others. So, how does Northwest Arkansas, a thriving hub of business and innovation, stack up against the nation’s leading cities?

Why Millennials Love NWA

Commercial Cafe, a trusted resource for real estate professionals, ranks Northwest Arkansas as the 9th best place for Millennials to live and work. With its affordable cost of living, competitive wages, and a strong economy powered by three Fortune 500 companies, NWA stands out as a top contender. You can read the entire Commercial Cafe article here.

Wondering how NWA measures up against cities like Austin, Denver, Nashville, and San Jose? Let’s dive in and find out!

How We Compare Cities

Our Move Meter Tool provides an easy way to compare two cities, giving you a clear view of what each has to offer. The score is based on four key factors:

• Housing Affordability
  This includes home price, property tax, home appreciation rate, and price per square foot.
• Quality of Life
  This includes education, healthcare and fitness, weather grade, and air quality index.
• Job Market Strength
  This includes the unemployment rate, recent job growth, future job growth index, and median household income.
• Living Affordability
  This includes state income tax, utilities, food and groceries, and sales tax.

The Move Meter pulls data from over 40,000 cities and is updated quarterly. Scores range from 50 (lowest) to 100 (highest), allowing you to compare cities easily. This Coldwell Banker exclusive tool, Move Meter, is an amazing tool designed to provide you with valuable insights to help make an informed decision.

Austin, Texas

When it comes to destinations for young professionals, Austin often takes the spotlight. Home to over 60 major company headquarters, including Dell, Tesla, Kendra Scott, and Whole Foods, it’s no wonder Austin claims the top spot in Commercial Cafe’s ranking of cities for Millennials.

Austin’s rapid growth and vibrant culture, rooted in the countercultural movements of the ’60s, make it a hub for creativity and opportunity. With 673,000 Millennials calling it home—the highest per capita in the country—it’s a thriving city for both career development and enjoying a unique cultural vibe.

But for those who love the great outdoors, Northwest Arkansas (NWA) emerges as an equally compelling choice. With over 500 miles of biking and hiking trails and plans for further expansion, NWA pairs natural beauty with a strong sense of community, making it an outdoor enthusiast’s dream.

Let’s compare the two cities in terms of affordability, quality of life, job opportunities, and cost of living to see how they stack up.

Housing Affordability

• Home Prices: NWA’s average home price is $351K, significantly more affordable than Austin’s $559.3K.
• Property Taxes: NWA offers a lower property tax rate at 0.62%.
• Home Appreciation: Homes in NWA appreciate at a much higher rate (11.1%) compared to Austin (-8.2%).
• Price per Square Foot: Homes in NWA cost $91.18 less per square foot, averaging $167.07.

Quality of Life

• Education: Austin ranks slightly higher with a score of 94, compared to NWA’s 89.
• Healthcare: Austin outperforms NWA with a healthcare score of 97 compared to 72.
• Weather: NWA edges out Austin with a weather score of 68 versus 66.
• Air Quality: NWA leads with an air quality score of 75, significantly higher than Austin’s 67.

Job Market

• Unemployment Rate: NWA boasts a lower unemployment rate at 2.2% compared to Austin’s 2.9%.
• Job Growth: Recent job growth in NWA is higher (2.09%) than in Austin (1.65%).
• Future Growth: NWA leads with a future job growth score of 92, while Austin scores 87.
• Median Income: Austin takes the lead here, with a median income of $86.56K compared to NWA’s $56.88K.

Living Costs

• State Income Tax: Texas has no state income tax, whereas Arkansas’ rate is 4.9%.
• Utilities and Groceries: Utilities and groceries are more affordable in NWA.
• Sales Tax: Austin has a lower sales tax (8.25%) compared to NWA’s 10.75%.

The Bottom Line

Northwest Arkansas presents a strong alternative for Millennials considering a move. With affordable housing, lower taxes, and a thriving job market, NWA is a great option for those seeking a balanced lifestyle. While Austin may lead in healthcare and education, NWA excels in quality of life and cost of living.

If you’re a young professional drawn to Austin’s charm but want a more affordable lifestyle, Northwest Arkansas could be your ideal destination!

Denver, Colorado

Denver boasts the highest concentration of Millennials in the West, along with impressive educational attainment—many Millennials here hold bachelor’s degrees, reflecting the city’s emphasis on learning and growth.

Known for its relaxed lifestyle, outdoor adventures, and stunning snow-capped mountains, Denver offers a vibe similar to Northwest Arkansas, especially when it comes to its love for nature and recreation.

As the home of major companies like Coors Brewing Company, Einstein Bros. Bagels, Frontier Airlines, and Quiznos, Denver is a hub for business and innovation. But how does it compare to NWA? The Move Meter gives this matchup a score of 78, showing a closer similarity than NWA’s comparison with Austin. Let’s break it down:

Housing Affordability

Home Prices: NWA’s average home price is $351K, significantly more affordable than Denver’s $578.1K.
Property Taxes: Denver has a lower property tax rate at 0.45%, compared to NWA’s 0.62%.
Home Appreciation: NWA homes appreciate at 3.3%, outperforming Denver’s rate of 0.8%.
Price per Square Foot: NWA homes are $200.34 cheaper per square foot, averaging $167.07 compared to Denver’s $367.41.

Quality of Life

Education: Denver ranks higher with a score of 94, compared to NWA’s 89.
Healthcare: Denver outperforms NWA with a healthcare score of 81, versus NWA’s 72.
Weather: NWA scores better in weather, with 68 compared to Denver’s 61.
Air Quality: NWA has a significant lead, with an air quality score of 75, compared to Denver’s 51.
Commute & Transit: NWA ranks higher in commute and transit, scoring 59 compared to Denver’s 44.
Accessibility: NWA is more accessible, with a score of 77 versus Denver’s 70.
Culture & Entertainment: NWA slightly edges out Denver, with a score of 69 compared to Denver’s 66.

Job Market

Unemployment Rate: NWA boasts a lower unemployment rate at 2.2%, compared to Denver’s 3.4%.
Job Growth: Recent job growth in NWA is stronger at 2.09%, compared to Denver’s 0.15%.
Future Growth: NWA leads significantly in future job growth, scoring 92 versus Denver’s 74.
Median Income: Denver has a higher median income at $85.85K, compared to NWA’s $56.88K.

Living Costs

State Income Tax: Denver’s state income tax is slightly lower at 4.4%, compared to Arkansas’ 4.9%.
Utilities: Denver utilities are higher, scoring 36, compared to NWA’s 32.
Groceries: Costs for food and groceries are equal, with both cities scoring 46.
Sales Tax: Denver has a lower sales tax rate at 8.81%, compared to NWA’s 10.75%.
Transportation: Transportation costs are much higher in Denver, with a score of 70 compared to NWA’s 48.

Summary

Northwest Arkansas offers a more affordable lifestyle with advantages in housing costs, job market growth, and air quality. While Denver excels in education, healthcare, and median income, NWA’s affordability and outdoor-friendly community make it an attractive alternative for those seeking a fresh start in a vibrant, nature-rich area.

Nashville, Tennessee

Nashville, the heart of country music, is renowned for landmarks like the Country Music Hall of Fame and the Grand Ole Opry. But beyond the music, the city offers vibrant food scenes, a flourishing art community, great education, and classic southern hospitality.

Culturally, Nashville and Northwest Arkansas share similarities, especially in their food and art scenes. So, how do these two cities compare?

Housing Affordability

Home Prices: Nashville’s average home price is $424.2K, compared to NWA’s $351K.
Property Taxes: Both cities have a property tax rate of 0.62%.
Home Appreciation: NWA has a higher home appreciation rate of 3.3%, while Nashville’s is -0.2%.
Price per Square Foot: The price per square foot in Nashville is $199.58, while in NWA, it’s $167.07.

Quality of Life

Education: Nashville scores higher with a rating of 95, compared to NWA’s 89.
Healthcare and Fitness: Nashville’s healthcare and fitness score is 100, while NWA’s is 72.
Weather: Both cities share the same weather score of 68.
Air Quality: NWA has a higher air quality score of 75, compared to Nashville’s 65.
Commute & Transit: NWA has the edge here with a score of 59, while Nashville scores 54.
Accessibility: NWA also ranks higher with a score of 77, compared to Nashville’s 67.
Culture & Entertainment: NWA leads with a score of 69, while Nashville’s score is 53.

Job Market

Unemployment Rate: NWA has a lower unemployment rate at 2.2%, while Nashville’s rate is 2.8%.
Recent Job Growth: Nashville has a slightly higher job growth rate at 2.36%, compared to NWA’s 2.09%.
Future Job Growth: NWA outperforms with a future job growth score of 92, while Nashville’s is 78.
Median Household Income: Nashville’s median household income is $71.33K, significantly higher than NWA’s $56.88K.

Living Costs

State Income Tax: Tennessee has no state income tax, while Arkansas has a rate of 4.9%.
Utilities: Nashville has slightly higher utility costs, with a score of 35 compared to NWA’s 32.
Groceries: Both cities have similar grocery costs, with Nashville scoring 45 and NWA 46.
Sales Tax: Arkansas has a higher sales tax rate of 10.75%, compared to Tennessee’s 9.25%.
Transportation: Transportation costs are higher in Nashville, with a score of 62 compared to NWA’s 48.

Summary

While Nashville shines with its higher income, healthcare, and vibrant cultural scene, Northwest Arkansas stands out with lower housing costs, higher home appreciation, and a stronger future job growth potential. Whether you’re seeking affordability or access to higher income and healthcare, NWA offers a more balanced and promising lifestyle for long-term growth.

San Jose, California

San Jose, the capital of Silicon Valley, is a global leader in technology, home to renowned companies like PayPal, McAfee, and Zoom. With its proximity to Cupertino and Apple’s headquarters, it’s easy to understand why San Jose is considered a tech powerhouse.

However, Northwest Arkansas (NWA) offers a compelling alternative, providing a combination of affordability, quality of life, and growth opportunities that make it an appealing choice for many.

Housing Affordability

Home Prices: San Jose’s average home price of $1.34M is nearly a million dollars more than NWA’s $351K.
Property Taxes: San Jose’s property tax rate is 0.75%, higher than NWA’s 0.62%.
Home Appreciation: Homes in San Jose appreciate at 6.6%, compared to NWA’s 3.3%.
Price per Square Foot: The cost per square foot is significantly higher in San Jose, at $824.47, compared to NWA’s $167.07.

Quality of Life

Education: San Jose ranks slightly higher with a score of 92, compared to NWA’s 89.
Healthcare and Fitness: San Jose scores a perfect 100 in healthcare and fitness, while NWA scores 72.
Weather: San Jose enjoys more favorable weather with a score of 84, compared to NWA’s 68.
Air Quality: NWA ranks higher with an air quality score of 75, while San Jose’s score is 65.
Accessibility: NWA also has a higher accessibility score of 77, compared to San Jose’s 67.
Culture & Entertainment: NWA leads with a score of 69, compared to San Jose’s 52.

Job Market

Unemployment Rate: San Jose’s unemployment rate is 4%, compared to NWA’s 2.2%.
Recent Job Growth: San Jose’s job growth is declining at -1.13%, while NWA’s recent job growth stands at 2.09%.
Future Job Growth: NWA’s future job growth index is 92, much higher than San Jose’s 66.
Median Household Income: San Jose’s median household income is $136.01K, significantly higher than NWA’s $56.88K.

Living Affordability

State Income Tax: California has a higher state income tax rate of 9.3%, compared to Arkansas’ 4.9%.
Utilities: Utilities are similar in both cities, with San Jose’s slightly higher than NWA’s 32.
Food and Groceries: Groceries are much more expensive in San Jose, with a score of 72, compared to NWA’s 46.
Sales Tax: NWA’s sales tax is slightly higher at 10.75%, while San Jose’s is 9.38%.
Transportation: San Jose has excellent transportation infrastructure, scoring 100, compared to NWA’s 48.

Summary

While San Jose is the heart of Silicon Valley and a tech hub, Northwest Arkansas offers a more affordable and balanced lifestyle. With home prices nearly $1 million less than San Jose, NWA provides a financial advantage that’s hard to overlook.

California’s high cost of living is a barrier for many, making NWA’s budget-friendly lifestyle an attractive option. For those in the tech industry, San Jose may remain the ideal choice. However, for those looking for a high-quality lifestyle without the steep cost of living, NWA offers a compelling alternative.

Conclusion

When comparing Millennial hotspots, it’s clear that Northwest Arkansas is rapidly becoming a top destination for those seeking both career growth and a balanced lifestyle. With ample job opportunities and affordable living, NWA offers a community-focused alternative to larger cities.

While big metros excel in areas like education and healthcare, NWA’s appeal lies in its growth potential, booming job market, and affordability. The region also offers outdoor adventures, scenic beauty, and a vibrant arts scene, providing the best of both worlds.

NWA is becoming a hidden gem, offering Millennials the perfect mix of career opportunities and a well-rounded lifestyle.

Ready to explore your options in Northwest Arkansas? Connect with one of our skilled agents on our Agent Page, or begin your search today with our Home Search Page to find the ideal property for you.

In Northwest Arkansas (NWA), homes and apartments get rented out really fast, so it’s important to be prepared if you want to find a place. With lots of people looking for rentals and fewer available properties, it’s a good idea to be ahead of the game. Don’t worry though—our tips will help you find the perfect rental home faster and give you an edge over the competition.

Renting vs. Buying: What’s Best for You?

Owning a home has its benefits. Your monthly payments usually stay the same, and after a while, you own the house. Plus, you can make changes and upgrades to your home however you like.

Renting, on the other hand, is more flexible. It usually costs less upfront, there’s no maintenance to worry about, and you don’t have to pay property taxes. Renting also lets you live in areas that might be too expensive to buy in, or closer to fun places like restaurants or stores.

Which one is right for you depends on your lifestyle and plans for the future, but since NWA is such a popular place, it’s worth thinking about both options.

Vacancy Rates and Market Trends: What You Need to Know

Vacancy rates show how many rental homes are available in an area. In NWA, vacancy rates are usually low, between 6-8%. This means if you see a rental you like, you need to act fast or someone else might grab it. In some of the most popular spots, you may even find yourself on a waitlist for apartments or homes.

While low vacancy rates can be a sign that the area is growing and has a strong economy, it also means there’s more competition for the best spots. The good news is that if you’re okay with living a little farther out in quieter areas, like Springdale or Lowell, you might find more options at lower prices.

In cities like Fayetteville and Bentonville, where demand for housing is super high, property owners often expect you to sign a lease before moving in, so be ready to make a decision quickly.

Why Use a Real Estate Agent?

Real estate agents can help you find rental homes that match what you’re looking for. They know the local market really well and can save you time by finding good deals. Agents are also skilled at negotiating with landlords and making sure you understand the rental agreements.

They can also help you decide which neighborhood is best for you, whether you want a place close to downtown or somewhere quieter. Working with an agent gives you peace of mind and can make the process a lot easier.

What to Do If You’re Waitlisted

In popular areas like Bentonville and Fayetteville, there might be a waitlist for rentals, especially near places like the University of Arkansas or downtown Bentonville. To get on a waitlist, you’ll need to fill out an application and sometimes pay a fee.

Some properties put people on the list based on when they applied, while others look at things like credit scores to decide who gets the spot. To stay updated on your application, it’s a good idea to check in with the landlord or property manager regularly.

Different Types of Rentals in NWA

NWA has a variety of rental options, so you can find something that fits your needs. Whether you want an apartment, house, townhome, or duplex, you’ll find plenty of choices in the area.

• Apartments: These are great for people who want to live close to the city. They’re usually more affordable and easier to take care of, but they have less space and can be noisy.
• Houses: Renting a house gives you more space and privacy. It’s perfect if you have pets or a family, but houses can be more expensive and harder to find.
• Townhomes: Townhomes are a mix between apartments and houses. They offer more space than an apartment but are usually smaller than a house. They’re good for people who want a balance of privacy and affordability.
• Duplexes: Duplexes are good for roommates or small families. They offer more privacy than apartments, but sometimes they can be noisy since they share a wall with another unit.

What Property Owners Want

Landlords want tenants they can trust to take care of the property and pay rent on time. To make a good impression, you can create a “rental resume” that shows you’re responsible. When you call or meet with a landlord, be polite, tell them why you’d be a good tenant, and have your documents ready—like pay stubs or references.

If you have pets, some landlords might not allow them, but many are happy to let you have your furry friend if you ask.

Tenant Tips and Tricks

When you move in, make sure to understand your lease. This document explains your rights and responsibilities. It’s also smart to take photos of any damage or problems in the home when you first move in. This will help you get your deposit back when you leave.

If you notice anything that needs fixing, let your landlord know right away. Being proactive and communicating well will help make your time as a tenant smoother.

Conclusion

Renting a home in NWA can be competitive, but if you understand the market and know what you’re looking for, you’ll have a much better chance of finding the right place. Whether you want to live near the action in Fayetteville or in a quieter spot like Lowell, there are plenty of options. Be prepared, act quickly, and you’ll find a place that’s perfect for you!

May 05, 2021

The current Northwest Arkansas housing market is still seeing an extreme shortage of inventory which has exponentially increased demand. If data and stats is your thing, each month we put together the most up-to-date market statistics for the NWA Real Estate on our website. Click here to access the full list.

We have condensed insights below for a quick 2 min read or click to see a 30-second video.

Number of Active Listings

NWA: 597 Active Listings – Down 69% from the prior year

Bentonville: 83 Active Listings- Down 65% from the prior year

Rogers: 70 Active Listings- Down 76% since from the prior year

Fayetteville: 148 Active Listings- Down 61% from the prior year

Summary: With few homes for sale, your home will sell quickly!

*SOURCE NABOR MLS- Data pulled on 4.29.21- Information deemed reliable but not guaranteed*

Median Listing Price

NWA: $345,000 compared to $289,000 in March 2020

Bentonville: $508,000 compared to $395,000 in March 2020

Rogers: $409,000 compared to $350,000 in March 2020

Fayetteville: $399,000 compared to $330,000 in March 2020

Summary: Home values up, up, up

*SOURCE NABOR MLS- Data pulled on 4.29.21- Information deemed reliable but not guaranteed*

Median Sales Price

NWA: $250,000 compared to $223,000 in March 2020

Bentonville: $285,000 compared to $289,000 in March 2020

Rogers: $295,000 compared to $245,000 in March 2020

Fayetteville: $294,000 compared to $272,000 in March 2020

Summary: Homes are selling for more $$

*SOURCE NABOR MLS- Data pulled on 4.29.21- Information deemed reliable but not guaranteed*

NWA: 37 days- Dropped 30% since March 2020

Bentonville: 25 days- Dropped 66% since March 2020

Rogers: 38 days- Dropped 34% since March 2020

Fayetteville: 65 days- Increased 25% since March 2020

Summary: When the % drops, that means homes are selling faster this year than in 2020

*SOURCE NABOR MLS- Data pulled on 4.29.21- Information deemed reliable but not guaranteed*

Number of Days on Market

NWA: 862 units- Decreased by 4% since March 2020

Bentonville: 111 units- Decreased by 21% since March 2020

Rogers: 133 units- Increased by 3% since March 2020

Fayetteville:153 units- Increased by 10% since March 2020

Summary: More homes have sold in NWA overall

*SOURCE NABOR MLS- Data pulled on 4.29.21- Information deemed reliable but not guaranteed*

Don’t see your city/county listed above? We’ve got you covered; click the link to take you to more market insights in NWA.

If you are interested in selling your home but not sure what it’s worth, we can help! Contact your agent today who can offer a free evaluation of your home.

Sep 18, 2020

With the ups and downs of the current economy, you may assume that now is not the time to sell your home. However, this couldn’t be further from the truth. The numbers speak for themselves; the current Northwest Arkansas housing market is seeing a shortage of inventory which has increased demand exponentially. If stats and data are your things, each month we put together the most up-to-date market statistics for the NWA Real Estate on our website. Click here to access the full list.

We have condensed insights below for a quick 2 min read or click to see a 30-second video.

Number of Active Listings

NWA: 1,195 Active Listings – Down 55% from the prior year

Bentonville: 156 Active Listings- Down 64% from the prior year

Rogers: 166 Active Listings- Down 59% since the prior year

Fayetteville: 278 Active Listings- Down 44% from the prior year

Siloam Springs: 39 Active Listings- Down 61% from the prior year

Summary: With few homes for sale, your home will sell quickly!

*SOURCE NABOR MLS- Data pulled on 9.16.20- Information deemed reliable but not guaranteed

Median Listing Price

NWA: $324,000 compared to $284,000 in Aug. 2019

Bentonville: $444,000 compared to $349,000 in Aug. 2019

Rogers: $457,000 compared to $351,000 in Aug. 2019

Fayetteville: $389,000 compared to $317,000 in Aug. 2019

Siloam Springs: $209,000 compared to $213,000 in Aug. 2019

Summary: Home values up, up, up

*SOURCE NABOR MLS- Data pulled on 9.16.20- Information deemed reliable but not guaranteed

Median Sales Price

NWA: $240,000 compared to $218,000 in Aug. 2019

Bentonville: $$352,000 compared to $287,000 in Aug. 2019

Rogers: $265,000 compared to $249,000 in Aug. 2019

Fayetteville: $241,000 compared to $218,000 in Aug. 2019

Siloam Springs: $181,000 compared to $159,000 in Aug. 2019

Summary: Homes are selling for more $$

*SOURCE NABOR MLS- Data pulled on 9.16.20- Information deemed reliable but not guaranteed

Number of Days Spent on the Market

NWA: 45 days- Dropped 25% since Aug. 2019

Bentonville: 47 days- Dropped 29% since Aug. 2019

Rogers: 57 days- Dropped 8% since Aug. 2019

Fayetteville: 35 days- Dropped 31% since Aug. 2019

Siloam Springs: 45 days- Dropped 39% since Aug. 2019

Summary: When the % drops, that means homes are selling faster this year than in 2019

*SOURCE NABOR MLS- Data pulled on 9.16.20- Information deemed reliable but not guaranteed

Number of Units Sold

NWA: 1,072 units- Increased by 7% since Aug. 2019

Bentonville: 137 units- Decreased by 14% since Aug. 2019

Rogers: 162 units- Increased by 3% since Aug. 2019

Fayetteville:122 units- Increased by 23% since Aug. 2019

Siloam Springs: 36 units- Decreased by 18% since Aug. 2019

Summary: More homes have sold in NWA overall

*SOURCE NABOR MLS- Data pulled on 9.16.20- Information deemed reliable but not guaranteed

Don’t see your city/county listed above? We’ve got you covered; click the link to take you to more market insights in NWA.

If you are interested in selling your home but aren’t sure what it’s worth, we can help! Contact your agent today who can offer a free evaluation of your home.

Aug 27, 2020

Northwest Arkansas School of Real Estate has helped Arkansans navigate their career path since 1999, having 2,142 students who’ve completed the program. You may be thinking, why Real Estate and why NWARES?

Here are some significant factors that we believe set us apart from the competition.

Our Staff

Luther Keeling, head instructor and current REALTOR ®, has been in the Real Estate business since 1994. He is a member of the Northwest Arkansas Board of REALTORS ®, the Arkansas Realtors Association, and even the National Association of Realtors. In 2003 Luther decided to get his brokerage license; this, along with other achievements, helped him reach the Arkansas Million Dollar Award.

As a Rogers Native, Luther is the perfect person to advise on past and future trends given his history with this ever-growing community.

Our Approach

Luther doesn’t just read the textbook aloud; he relates every practice from the book to a real-world scenario that he and his network have and continue to experience. This provides students with a more realistic approach to navigating various circumstances and gives them the tools needed to immediately succeed in their new real estate career.

We Treat You Like Family

Luther teaches in an intimate setting with his students and personally gets to know each one of them. This makes the long days of classes more enjoyable as your classmates and teacher feel less like acquaintances and more like family.

Making a career change is a big decision. We hope that we make it a smooth transition for you by giving you the support you need to succeed. Whether you’re in a career you love or in the process of finding out what’s next for your life, we urge you to consider a career in Real Estate!

Needing more information on what it takes to actually get your license? Click the link here. Want to know more information on upcoming classes? Check out the calendar below or click the link here.