Bentonville isn’t just charming—it’s quickly becoming the place to be. With a warm, welcoming community, great schools, and growing job opportunities, it’s no wonder people are falling in love with this city. But it’s not just homebuyers taking notice. Real estate investors are also looking at Bentonville for its well-kept properties and solid returns.
On average, homes in Bentonville are sold within a remarkable 14 days of hitting the market. This rapid turnover signals an exceptionally high demand for housing in this city. In this blog, let’s explore the factors driving Bentonville’s real estate market growth.
Reasons Bentonville Is a Real Estate Hotspot
Over the past two decades, the city has grown by more than 39,000 people, and projections suggest the region could top 1 million residents by 2050. Such predictions are primarily supported by five major factors, which include:
1. Corporate Relocation and Job-Based Expansion
Industry giants like Walmart, Tyson Foods, and J.B. Hunt have their headquarters in this northwestern part of Arkansas. As these companies grow, they’re bringing thousands of jobs to the region, creating strong demand for housing across all price points.
With more people and jobs coming in, new projects, amenities, and commercial spaces are increasing, making Bentonville even more attractive for both residents and investors.
2. Supply-Demand Imbalance in Housing
Post the second half of 2024, Realtors witnessed an impressive 14% jump in the number of houses sold. However, the median home price in Downtown Bentonville stayed close to $599.5K. Thus, lower- and middle-income earners faced a few problems in securing their dream home.
Fortunately, price issues wouldn’t become a dealbreaker when you’re searching smart. Choose among 700+ homes for sale in Bentonville and find ones that fit your budget with the #1 home buyer app, Houzeo. Download for free from the Apple App Store or Google Play Store.
3. Population Boom Within the City
Bentonville is currently the second fastest growing city in Arkansas. Its population growth, driven by a robust job market, has caused property values to soar.
According to a report published by the University of Arkansas Center for Business and Economic Research, home prices in Bentonville and its surroundings grew by 70.9% over the last five years.
Neighboring communities and local bodies are working together to maintain the quality of life residents expect in this Northwest Arkansas corridor.
4. Affordability Relative to National Markets
The cost of buying a house in Bentonville is 12.7% less than the national average. Those looking to live on rent can expect monthly payments to range from $1,146 to $1,759.
5. Infrastructure Growth and Quality-of-Life Boosts
Bentonville is now experiencing a rapid development of its trail systems. Further expansion of the Crystal Bridges Museum of American Art is expected to invigorate this city. The work is expected to be completed by 2026.
Additionally, the Northwest Arkansas National Airport (XNA) is undergoing key upgrades. This will enhance the experience for both local residents and visitors in the coming years.
How Bentonville Compares to Other Northwest Arkansas Markets
When compared to the rest of the Arkansas housing market, Bentonville stands out for its competitiveness and growing value.
The median home price in Benton County is about $467K, a 7% hike compared to a year ago. Moreover, Bentonville has an outstanding safety reputation, which often causes houses to sell within a span of 12-14 days on average.
But it’s not just Bentonville. Across the state, new job opportunities are popping up, and the local economy is booming. If you’re ready to jump in and find your dream home, browse through 12.7K+ homes for sale in Arkansas on Houzeo, America’s best home buying website.
Frequently Asked Questions
Why is Bentonville a good place to live?
Due to a vibrant cultural scene and a strong sense of community, Bentonville is an ideal spot for setting up home. It is a haven for people who love outdoor recreational spots.
Why are home prices so high in Bentonville, AR?
Currently, the demand for residential housing in Bentonville is on the rise. However, there is a limited supply of homes, which is causing home prices to rise quickly.
What is the mortgage rate in Bentonville, Arkansas?
Bentonville, Arkansas, has an average 30-year fixed mortgage rate of about 6.702%. Remember, the specific interest rate will be determined based on the loan tenure and the borrower’s profile.