Harrison, Arkansas, is experiencing robust short-term rental performance, with an average 41% occupancy rate, a $146 daily rate, and a monthly revenue of $13,641, making it a promising and lucrative market for investors.
Thriving Short-Term Rental Market in Harrison, Arkansas
Harrison, Arkansas, is experiencing a robust and promising short-term rental market, driven by its captivating natural attractions and vibrant tourism industry. The city, nestled near the Buffalo National River and the Ozark Mountains, boasts an average occupancy rate of 41% for its short-term rentals, indicating a steady demand from nature enthusiasts and families alike.
The average daily rate for these rentals stands at $146, contributing to a monthly revenue of $13,641. This performance is bolstered by the city's unique appeal, with guests drawn to amenities such as spacious patios, hot tubs, and proximity to outdoor activities. As the local tourism industry continues to grow, with events like festivals and outdoor activities, the potential for investment and revenue growth in Harrison's short-term rental market remains highly promising.
Short-Term Rental Regulations in Harrison, Arkansas for 2024
General Requirements
- Rental Permit: A rental permit is required for all Residential Rental Properties with three or more individual dwelling units attached and owned by the same person or entity.
Registration and Permitting
- Registration with Harrison Fire Department: Owners must register their Residential Rental Properties with the Harrison Fire Department Community Risk Reduction Division.
- Annual Permit Renewal: The permit is valid until December 31st of each year and must be renewed annually.
Inspection Requirements
- Inspections by Fire Department: Properties may be inspected by the Fire Department Community Risk Reduction Division as part of the permitting process.
Compliance and Enforcement
- No Permit Fee: No fee is charged for the registration and permit.
- Failure to Register: Failure to register or maintain current registration is deemed a misdemeanor ordinance violation.
Specific Exclusions
- Single, Stand-Alone Rentals: Single, individual, stand-alone rentals that are unattached to other properties or rentals do not require a permit.
Top Neighborhoods for Airbnb Revenue in Harrison, Arkansas
Neighborhoods Generating High Airbnb Revenue
In Harrison, Arkansas, several neighborhoods stand out for their potential to generate significant Airbnb revenue due to their appealing features and proximity to local attractions.
1. Neighborhoods Near the Buffalo National River
These areas are particularly appealing for outdoor enthusiasts. The proximity to the Buffalo National River, which offers activities such as canoeing, fishing, and hiking, makes these neighborhoods highly sought after. Guests can easily access outdoor adventures, making properties here highly desirable and capable of commanding higher nightly rates.
2. Downtown Harrison
Areas closer to downtown Harrison are attractive due to their easy access to restaurants, local events, and festivals. This central location enhances the guest experience, allowing for a mix of outdoor activities and urban amenities. Properties in these neighborhoods can capitalize on the city's cultural and social offerings.
3. Suburban Neighborhoods
Suburban areas with larger properties are ideal for family bookings and group stays. These neighborhoods often provide more space and amenities such as private yards, which are highly appreciated by families and larger groups. The combination of space and amenities makes these properties more lucrative for Airbnb investors.
Why These Neighborhoods Are Appealing for Guests
- Proximity to Outdoor Activities: Neighborhoods near the Buffalo National River offer direct access to hiking trails, canoeing, and other outdoor activities, making them a magnet for nature lovers and adventure seekers.
- Access to Local Attractions: Downtown areas provide easy access to restaurants, local festivals, arts and crafts fairs, and music festivals, enhancing the overall guest experience.
- Family-Friendly Amenities: Suburban neighborhoods with larger properties and private yards cater well to families and groups, offering a comfortable and spacious stay.
- Unique Local Charm: Properties in these neighborhoods can be furnished with rustic and farmhouse styles that reflect the natural beauty and cultural charm of the Ozarks, creating a warm and inviting atmosphere for guests.
By investing in these neighborhoods, Airbnb hosts can leverage the unique attractions and amenities of Harrison, Arkansas, to maximize their revenue and guest satisfaction.
Tips for Furnishing and Designing an Inviting Airbnb in Harrison, Arkansas
Understanding the Local Appeal
- Harrison, AR, is known for its proximity to outdoor attractions like the Buffalo National River and the Ozark Mountains. Reflect this natural beauty in your design choices.
Furniture and Decor Styles
- Opt for rustic and farmhouse styles, which are popular in Harrison and resonate with the natural charm of the Ozarks.
- Incorporate local artwork and elements that echo the surrounding landscape to create a warm and inviting atmosphere.
Key Features and Amenities
- Include features that enhance the outdoor experience, such as spacious patios, hot tubs, or grills for enjoyable gatherings.
- Ensure cozy furnishings and well-equipped kitchens to cater to family meals and comfortable stays.
Smart Storage and Layout
- Use smart storage solutions like beds with drawers, wall hooks, and stackable containers to keep the space tidy and functional.
- Choose space-saving furniture with big functionality, such as sofa beds, folding tables, or ottomans with hidden storage.
Comfort and Maintenance
- Invest in high-quality, durable furniture that is easy to clean and maintain. Avoid real and faux leather for sofas.
- Select solid beds with easy-to-clean mattresses, preferably memory foam mattresses, and use mattress covers for longevity.
Lighting and Mirrors
- Use mirrors to make the space feel bigger and brighter. Ensure there are power sockets near mirrors for hair dryers and straighteners.
Accessibility and Practicality
- Consider making your Airbnb accessible to guests with disabilities by adding ramps, wide doorways, and grab bars in bathrooms.
- Provide enough storage for guests' toiletries and personal items using shelves or cabinets.
Timing and Budgeting
- Update your furniture during the off-season or plan short gaps between bookings to minimize disruption.
- Allocate your budget wisely, focusing on statement pieces like couches, coffee tables, and dining room tables that define the space.
Local and Cultural Touches
- Incorporate elements that reflect the local culture and heritage of Harrison, such as vintage pieces paired with modern accents.
Outdoor and Community Integration
- Ensure proximity to hiking trails and other outdoor activities to make the property a gateway to outdoor adventures.
- Highlight local attractions and events in your listing to attract guests interested in the area’s unique offerings.
Discover Harrison, Arkansas: Local Attractions and Insider Tips
Historical and Cultural Attractions
- Boone County Heritage Museum: Explore the area’s history and heritage.
- Insider Tip: Check for special exhibitions and events that might be happening during your stay.
- Ozark Heritage Center: Learn about Native American history and culture.
- Insider Tip: Combine your visit with a trip to the nearby Buffalo National River for a deeper cultural and natural experience.
- Ralph Foster Museum: Delve into the rich history of the Ozarks at College of the Ozarks.
- Insider Tip: This museum is located on the College of the Ozarks campus, which is also worth a tour.
- Harrison Historic District: Stroll through the charming downtown area with historical architecture.
- Insider Tip: Look out for the restored Lyric Theater and the historic Boone County Courthouse.
- Civil War Sites: Visit historic battlefields and markers.
- Insider Tip: Use the Civil War Heritage Trail as a guide to explore these sites.
Natural Landmarks
- Buffalo National River: Enjoy the nation's first national river, known for its fishing and scenic beauty.
- Insider Tip: Take a guided tour or rent equipment for a more immersive experience.
- Hemmed-In Hollow Falls: Witness the tallest waterfall between the Rocky Mountains and the Appalachians.
- Insider Tip: Hike to the falls for breathtaking views and a unique experience.
- Dogwood Canyon Nature Park: Discover waterfalls, caves, and a gristmill in this hidden paradise.
- Insider Tip: Consider a guided tour to fully appreciate the park's natural and historical features.
Arts and Entertainment
- Arkansas Arts Center: Enjoy local art exhibitions and live performances.
- Insider Tip: Check the schedule for upcoming events and exhibitions.
- Lyric Theater: Catch a movie or live show in downtown Harrison.
- Insider Tip: This theater is managed by the Ozark Arts Council and hosts a variety of community events.
- Ozark Folk Center State Park: Experience traditional music and crafts.
- Insider Tip: Attend one of the bluegrass festivals for a lively cultural experience.
Family-Friendly Fun
- Mystic Caverns Fun Park: Enjoy mini-golf and gemstone panning.
- Insider Tip: Combine this with a tour of the Mystic Caverns for a full day of adventure.
- Paradise Adventure Golf: Have a family-friendly round of mini-golf.
- Insider Tip: This is a great activity for a relaxing afternoon.
- Harrison Community Center: Swim, skate, or play at the sports complex.
- Insider Tip: Check the community center's schedule for public skating and swimming times.
Events and Festivals
- Harrison Hot Air Balloon Festival: Witness a sky filled with colorful balloons.
- Insider Tip: Plan your visit in September to catch this spectacular event.
- Crawdad Days Music Festival: Enjoy music and local cuisine in May.
- Insider Tip: This festival is a great way to experience local culture and food.
- Christmas Parade: Embrace the holiday spirit in downtown Harrison.
- Insider Tip: Visit in December for festive atmosphere and holiday events.
Food and Drink
- Local Restaurants: Savor Southern cuisine and BBQ.
- Insider Tip: Ask locals for recommendations on the best BBQ spots.
- Craft Breweries: Sample locally brewed beer.
- Insider Tip: Check for brewery tours or tasting events.
- Farmers’ Markets: Shop for fresh, local produce.
- Insider Tip: Visit the market early to get the best selection of fresh produce.
Insider Tips for Getting Around
- Ride the Scenic 7 Byway: Drive through the stunning Ozark Mountains for scenic views.
- Insider Tip: Take your time and stop at the various viewpoints and attractions along the way.
- Buffalo River Outfitters Guided Tours: Use local guides to explore the Buffalo National River.
- Insider Tip: These tours can provide valuable insights into the area's history and ecology.
By sharing these attractions and insider tips, you can help your Airbnb guests make the most of their visit to Harrison, Arkansas.
Practical Tips to Run a Successful Short-Term Rental Business in Harrison, Arkansas
To ensure a smooth and profitable short-term rental business in Harrison, Arkansas, several practical tips can make a significant difference. Here are some key considerations:
Noise Regulations and Quiet Hours
Inform your guests about quiet hours to maintain a peaceful environment and avoid potential issues with neighbors. Clearly outline quiet hours in your house rules and ensure this information is readily available in both digital and physical house manuals.
Comprehensive House Manual
Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also cover house rules, including noise regulations, to set clear expectations for your guests.
Simplified Check-in Process
Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, and include photos of the smart lock and any other relevant entry points.
Parking Instructions
Include detailed parking instructions with photos in your house manual to avoid confusion. This is particularly important if parking options are limited or if there are specific rules to follow.
By implementing these strategies, you can enhance guest satisfaction, reduce potential issues, and maintain a positive reputation for your short-term rental business in Harrison, Arkansas.
Here is a brief list of house cleaning, repair, or maintenance providers in Harrison, Arkansas:
House Cleaning Services
- Maid For You Cleaning Service: Located at 423 E College Ave, Harrison, AR 72601.
- Various providers listed on Care.com: Offers affordable house cleaning options starting at $19.00/hr.
- Top-rated cleaners on Angi: Includes multiple house cleaners with real reviews and ratings.
- HomeAdvisor Cleaning Services: Features top-rated cleaning services experts with reviews and ratings.
- Homeaglow: Offers professional, affordable, and background-checked house cleaners.
Repair and Maintenance
- Answered Prayers @ Rains Construction & Cleaning: Provides construction and cleaning services, indicating they may also offer repair and maintenance services.
Short-Term Rental Management Fees in Harrison, Arkansas: A Comprehensive Guide
In Harrison, Arkansas, the fees for managing short-term rental properties can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level and scope of services provided. Full-service management, which includes guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often starting at around 20% of the revenue.
Basic services, such as listing and booking management, may incur lower fees. Additionally, property owners should be prepared for extra charges for cleaning, repairs, and other ancillary services like design and consumables. These fees can add up, but they are often necessary to ensure the property remains guest-ready and compliant with local regulations. Understanding these fee structures is crucial for maximizing profits and ensuring a smooth operation of your short-term rental business in Harrison, Arkansas.