Market Leaders
Eureka Springs
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Talk To An AdvisorEureka Springs, Arkansas is a charming and historic town that has become a popular destination for short-term vacation rentals. Situated in the Ozark Mountains, Eureka Springs offers visitors a unique blend of natural beauty, Victorian architecture, and a thriving arts and culture scene. The town's picturesque setting, abundance of outdoor activities, and proximity to popular attractions like the Thorncrown Chapel and the Eureka Springs Historic District have made it a sought-after location for travelers seeking a scenic and relaxing getaway.
The short-term rental market in Eureka Springs has grown significantly in recent years, with an increasing number of property owners offering their homes, condos, and cabins as vacation rentals through platforms like Airbnb and VRBO. This trend has been driven by the town's rising popularity as a tourist destination, as well as the potential for property owners to generate additional income from their real estate investments.
According to data from AirDNA, the leading provider of short-term rental market intelligence, the Eureka Springs vacation rental market is performing well. The city has an average occupancy rate of 45%, with a median daily rate of $209. This translates to an average monthly revenue of $20,412 for vacation rental properties in the area.
When it comes to the distribution of vacation rentals in Eureka Springs, the data shows that the majority (89%) are entire homes or apartments, with the remaining 11% being private rooms. The most common property sizes are one-bedroom (60%) and two-bedroom (19%) units, reflecting the demand for smaller, more intimate vacation rentals.
In terms of amenities, the most popular features among Eureka Springs vacation rentals include air conditioning (99%), parking (93%), and heating (92%). Other in-demand amenities include internet access (87%) and wireless internet (83%). These findings suggest that travelers to Eureka Springs are seeking comfortable, well-equipped accommodations that cater to their needs and preferences.
For a more detailed overview of the Eureka Springs vacation rental market, including information on occupancy rates, average daily rates, and revenue per available rental, please refer to the Market Overview section.
The Eureka Springs vacation rental market is highly competitive, with a large number of property owners and management companies vying for a share of the market. According to the data, there are currently 1,447 active short-term rental listings in the city, representing a 3% increase over the past year.
This competitive landscape has led to the emergence of several prominent property management companies in the area, each offering a range of services to help vacation rental owners maximize their rental income and guest satisfaction. Some of the key players in the Eureka Springs rental market include Evolve, Ozark Mountain Vacation Rentals, Ozark Cabins & RV's, Cohobnb Properties, and Front Door Vacation Rentals.
These management companies typically offer a suite of services, such as marketing and advertising, booking management, guest communication, cleaning and maintenance, and dynamic pricing strategies. By leveraging their expertise and resources, they can help property owners navigate the complexities of the short-term rental industry and achieve better financial results.
However, the high level of competition in the Eureka Springs market also means that property owners must carefully evaluate their options and choose a management company that aligns with their specific needs and goals. Factors such as fees, service quality, and track record should all be considered when selecting a vacation rental manager.
As mentioned, the Eureka Springs vacation rental market is dominated by several prominent property management companies, each with its own unique strengths and offerings. Here's a closer look at some of the key players in the market:
Evolve: With 50 active listings in Eureka Springs, Evolve is one of the largest property management companies in the area. The company is known for its comprehensive suite of services, including marketing, booking management, and 24/7 guest support. Evolve's listings have an average review score of 4.84 out of 5.
Ozark Mountain Vacation Rentals: This local property management company has 38 active listings in Eureka Springs and is known for its personalized approach to vacation rental management. Ozark Mountain Vacation Rentals has an average review score of 4.69 out of 5.
Ozark Cabins & RV's: With 17 active listings, Ozark Cabins & RV's specializes in managing vacation rentals in the Ozark Mountains region, including Eureka Springs. The company has an average review score of 4.87 out of 5.
Cohobnb Properties: This smaller property management company has 8 active listings in Eureka Springs and is known for its attention to detail and commitment to guest satisfaction. Cohobnb Properties has an average review score of 4.76 out of 5.
Front Door Vacation Rentals: With 5 active listings, Front Door Vacation Rentals is a relatively new player in the Eureka Springs market. However, the company has already established a strong reputation, with an average review score of 4.81 out of 5.