Bella Vista Arkansas Housing Trends

[Harshal Hiray]

Hello, 

Would like to understand how the Bella Vista Arkansas real estate market is doing? Is it going in upward direction or stagnant? 

I am trying to figure out if it's good idea to invest in that area. Existing investors, please share your thoughts. 

Thank you in advance! 

[Grant Med]

Hey Harshal!

My wife and I were under contract for a great house in Bella Vista last year and decided to pull out of the deal after the inspection. Bella Vista is a really great spot for a homeowner but investing there is tough. The entire town is in a property owner association(basically and HOA). It makes it hard to know what strategies you can use there. We ran our numbers as an STR/MTR hybrid and the numbers weren't super great even with the BOOM in STRs in the area. The area does not have explicit rules on STRs so its a gamble with that strategy. Rents are also pretty low there. The area was designed as a retirement zone and it still has that reputation. I believe the prices are lower there compared to Bentonville because of this reputation. It is a beautiful area but because of the zoning and rules up there it would be difficult for the area to "blow up" and have a ton of new growth.