Jonesboro, Arkansas, presents a promising market for short-term rentals, with a strong local economy, clear and supportive regulations, and potential for healthy returns on investment, making it an attractive and profitable location for hosts and investors.
Thriving Short-Term Rental Market in Jonesboro, Arkansas
Jonesboro, Arkansas, is experiencing a robust and lucrative short-term rental market, making it an attractive destination for both hosts and investors. The city's clear and supportive regulations have contributed to the ease of compliance and profitability for Airbnb hosts. With a stable local economy and cultural attractions, Jonesboro draws a diverse range of guests, including parents visiting college students, business professionals, and nature enthusiasts.
While specific average daily rates for Jonesboro are not provided, the city's occupancy tax rate of 3% indicates a well-managed and compliant rental environment. The overall sentiment from hosts is positive, highlighting the city's responsiveness and the profitability of operating short-term rentals. This, combined with the potential for healthy returns on investment, positions Jonesboro as a promising location for those looking to venture into the short-term rental market.
Short-Term Rental Regulations in Jonesboro, Arkansas for 2024
Licensing and Permits
- State License: Obtain a vacation rental dwelling license from the Arkansas Department of Business & Professional Regulation. This involves submitting an application, providing proof of general liability insurance, and meeting other state-mandated criteria.
- Local License: Secure a local short-term rental license from the City of Jonesboro, which requires additional documentation such as land use, pest, and fire certifications.
Required Documents
- Vacation Rental Dwelling License Application: Provide detailed information about the property, including address, size, and intended use for short-term rentals. Ensure compliance with zoning regulations, safety standards, and other local ordinances.
- Short Term Rental Application: Complete the application form from the Planning & Zoning department, including ownership status, occupancy limits, and contact information for the host or property manager.
Tax Obligations
- Occupancy Tax: Pay an occupancy tax of 3%, which is collected by the state and directed back to the city to support local services and initiatives.
- Statewide Taxes: Collect and remit statewide Sales & Use (S&U) tax of 6.5%, a Short Term Rental Tax of 1.0%, and a State Tourism Tax of 2%, totaling 9.5%.
Safety and Compliance
- Safety Certifications: Obtain land use, pest, and fire certifications to ensure compliance with safety regulations.
- Contact Information: Provide contact information for the property owner and a local contact person available 24/7.
Zoning Regulations
- Compliance with Zoning Laws: Ensure the property complies with local zoning regulations, which may limit where short-term rentals can operate or restrict the number of rentals in a certain area.
Annual Renewal
- License Renewal: Renew short-term rental licenses or permits annually, which may involve updating information, paying a renewal fee, and sometimes undergoing an inspection.
Insurance Requirements
- General Liability Insurance: Secure general liability insurance as part of the licensing process to protect against potential liabilities arising from guest injuries or property damage.
Top Neighborhoods for Airbnb Revenue in Jonesboro, Arkansas
While specific neighborhood data is not extensively detailed in the sources, we can infer the most appealing areas for Airbnb investments in Jonesboro based on the city's overall attractions and demographic factors.
1. Downtown Jonesboro
- Appeal: Proximity to local restaurants, shops, and cultural events. Downtown Jonesboro is a hub for community activities and events, making it an attractive location for guests.
- Revenue Potential: High foot traffic and central location likely increase the demand for short-term rentals, contributing to higher revenue.
2. Arkansas State University Area
- Appeal: This area is ideal for parents visiting their college-bound children, alumni, and prospective students. The proximity to the university and its associated events makes it a prime location.
- Revenue Potential: With an occupancy rate of 62% and an average daily rate of $95, this area is poised for steady and rewarding income streams.
3. Neighborhoods Near Parks and Museums
- Appeal: Jonesboro's parks and museums, such as the Forrest L. Wood Crowley's Ridge Nature Center and the ASU Museum, attract visitors looking for a mix of outdoor activities and cultural experiences.
- Revenue Potential: These areas are likely to see consistent demand due to their family-friendly and educational attractions.
4. Suburban Areas with Easy Access to City Amenities
- Appeal: Suburban neighborhoods that offer a quieter stay while still being within easy reach of Jonesboro's amenities can appeal to families and travelers seeking a balanced experience.
- Revenue Potential: These areas can command a steady stream of guests looking for a more relaxed atmosphere without sacrificing access to city attractions.
Why These Neighborhoods Are Appealing
- Stability and Growth: Jonesboro's strong economy and continuous development ensure a steady demand for accommodations.
- University-Related Rentals: The presence of Arkansas State University creates a consistent flow of visitors, making university-adjacent neighborhoods particularly lucrative.
- Local Attractions: The city's museums, parks, and cultural events draw in visitors throughout the year, supporting a robust short-term rental market.
- Regulatory Environment: Jonesboro is generally Airbnb-friendly with clear regulations, making it easier for hosts to operate and attract guests.
Tips for Furnishing and Designing an Inviting Airbnb in Jonesboro, Arkansas
Understanding Local Preferences
- Reflect Local Culture: Incorporate modern, eclectic, and rustic themes that resonate with Jonesboro's local culture and aesthetic.
- Use Warm Colors and Inviting Elements: Employ warm colors and inviting elements to create a comfortable and welcoming atmosphere.
Choosing the Right Furnishings
- Invest in Quality: Higher quality and stylish furnishings can lead to positive reviews and repeat bookings. Avoid overly generic items from mass-market stores.
- Statement Pieces: Focus on statement pieces such as couches, coffee tables, credenzas, and dining room tables that define the space.
Amenities and Features
- Outdoor Spaces: Include outdoor seating and living areas, which are highly valued by guests in Jonesboro.
- Modern Conveniences: Provide modern conveniences such as high-speed internet, pools, cozy fireplaces, and fully equipped kitchens to cater to both leisure and business travelers.
- Pet-Friendly and Family-Friendly Options: Offer pet-friendly and family-friendly furnishings to attract a broader range of guests.
Neighborhood Considerations
- Proximity to Attractions: Choose neighborhoods near Arkansas State University, local attractions, parks, and entertainment venues to enhance desirability.
- Historical Downtown and Residential Areas: Consider areas like Historical Downtown and residential pockets with easy access to the university and local hospitals.
Decor and Styling
- Blend Comfort and Functionality: Use practical furnishings that blend both comfort and functionality. Incorporate vintage pieces along with modern accents to create an inviting atmosphere.
- Add Plants and Greenery: Include plants and greenery to liven up the space and enhance the overall guest experience.
Budgeting and Prioritizing
- Set a Budget and Prioritize: Understand that you need to choose your battles from a budget standpoint. Prioritize the living room or other key areas as the showpiece of your property.
- Splurge on Key Items: Be willing to splurge on key items that will make a significant impact on the guest experience, such as high-quality rugs and unique decor pieces.
Additional Touches
- Local Heritage: Adapt decor to resonate with local heritage to enhance the overall guest experience and make the property more memorable.
- Attention to Detail: Ensure all amenities and furnishings are new, fresh, and well-maintained to provide a luxurious and relaxing stay for guests.
Exploring Jonesboro, Arkansas: Local Attractions and Insider Tips
Local Attractions
Outdoor Activities
- Craighead Forest Park: A 692-acre city-owned park featuring a 60-acre fishing lake, camping facilities, hiking and biking trails, disc golf, sports courts, and a children’s playground.
- Lake Frierson State Park: Located 10 miles north of downtown Jonesboro, offering year-round fishing, picnic sites, a pavilion, playground, hiking trails, and boat rentals.
- Forrest L. Wood Crowley’s Ridge Nature Center: An educational and community center with exhibits, films, an observation tower, and hiking trails that connect to Craighead Forest Park.
Cultural and Educational Sites
- Arkansas State University Museum: A free attraction dedicated to the natural history and cultural legacy of the Mississippi River Delta and Northeast Arkansas, featuring hands-on activities and exhibits.
- Bradbury Art Museum: Located on the Arkansas State University campus, showcasing a extensive collection of contemporary art, including sculptures, paintings, and installations.
Entertainment and Downtown
- Fowler Center: Home to artistic performances and exhibitions, including the Bradbury Art Museum. It also hosts various cultural events.
- First National Bank Arena: A 10,475-seat multi-purpose facility and concert venue, home to the Red Wolves basketball team.
- Downtown Jonesboro: A historic district with eclectic retail shops, restaurants, the Foundation of Arts (including the Forum Theatre and the Arts Education Center), and Gearhead Outfitters.
Family-Friendly Spots
- Porch:30 Garden and Games: An outdoor space with giant Jenga, corn hole, food, beverages, and a pet-friendly environment.
- Ultimate Air Trampoline Park: An entertainment center for kids and adults alike, offering trampoline activities and other fun attractions.
Insider Tips
Getting Around
- Jonesboro is accessible via U.S. Highways 63 and 49, making it easy to explore the city and its surroundings.
Dining and Shopping
- Downtown Jonesboro: Offers a variety of restaurants and unique shops, including antiques and specialty items.
- Local Favorites: Recommend restaurants like Lazzari Italian Oven, Omar's Uptown, and Godsey's Grill for a taste of local cuisine.
Additional Tips
- Crowley's Ridge Parkway: Take a scenic drive along this 200-mile national scenic byway that runs through Jonesboro.
- Events and Festivals: Check local event calendars for cultural events, performances, and festivals that take place throughout the year, especially those hosted by Arkansas State University and the downtown area.
By providing these recommendations, your guests can experience the best of what Jonesboro has to offer, from outdoor adventures to cultural and educational attractions.
Practical Tips to Run a Successful Short-Term Rental Business in Jonesboro, Arkansas
To ensure a successful and compliant short-term rental business in Jonesboro, Arkansas, several practical tips can be implemented to enhance guest satisfaction and streamline operations.
Noise Regulations and Quiet Hours
Inform your guests about noise regulations and quiet hours to maintain a peaceful environment for both the guests and the neighbors. Include this information in your listing and in a welcome message to set clear expectations.
Digital and Physical House Manual
Create a comprehensive digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual helps guests navigate the property easily and reduces the need for frequent inquiries.
Simplified Check-in Process
Utilize smart locks to simplify the check-in process, eliminating the need for physical key exchanges. Provide clear instructions on how to use the smart locks, and consider adding a video tutorial to your house manual.
Parking Instructions with Photos
Ensure that guests know where to park by providing detailed parking instructions accompanied by photos. This helps prevent confusion and potential parking issues, especially if the property has specific parking restrictions.
By implementing these tips, you can create a seamless and enjoyable experience for your guests, while also ensuring compliance with local regulations and maintaining a positive reputation for your short-term rental business in Jonesboro, Arkansas.
Here is a brief list of house cleaning providers in Jonesboro, Arkansas:
House Cleaning Providers in Jonesboro, AR
Jonesboro Cleaning Service Pros
- Offers residential and commercial cleaning services, including house and apartment cleaning, move-in/out cleaning, and office cleaning.
- Provides customizable cleaning plans and uses environmentally friendly products.
- Serves Jonesboro, Paragould, Bono, and surrounding areas.
- Contact: 870-512-6500.
All Clean By Anabelle
- Specializes in house cleaning services, including recurring cleanings, detail cleaning, move-in/out cleaning, and party cleanup.
- Offers a 200% satisfaction guarantee and employs licensed, bonded, and insured professionals.
- Serves Jonesboro and surrounding areas.
- Contact: Online booking or call/email for free estimates.
NEA Pro Clean, LLC
- Provides home and office cleaning services with a commitment to excellence and attention to detail.
- Offers personalized cleaning plans to meet specific needs.
- Contact: 870-378-1770 or office@neapro.com.
For additional options, you can also refer to listings on platforms like Angie's List and Care.com, which provide reviews and ratings for various house cleaners in the Jonesboro area.
Short-Term Rental Management Fees in Jonesboro, Arkansas: A Comprehensive Guide
In Jonesboro, 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 of service provided. Full-service management, which includes guest communication, marketing, and maintenance, tends to be on the higher end of this spectrum, often ranging from 20% to 30% of the rental income.
Basic services, such as administrative tasks and listing management, may incur lower fees, usually around 10% to 15% of the rental revenue. Additionally, hosts may need to account for extra fees for services like cleaning, repairs, and design, which can be charged separately or included in the overall management fee. Understanding these fee structures is crucial for hosts to ensure they are complying with local regulations and maximizing their rental income effectively.