Real Estate Investing in Eureka Springs, Arkansas (72632)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 72632 (Eureka Springs, AR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 27.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Eureka Springs, AR (72632)?
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Market Analysis: 72632 Eureka Springs
The 72632 ZIP covers a section of Eureka Springs that demands careful diligence. Prices near $322K look accessible, but the work to make a deal cash flow is real.
Looking more closely, the numbers look inviting — $322K purchase price, 0.0% nominal cap — the work to hit that pro forma in 72632 is substantial and deserves full respect.
In the broader AR picture, 72632 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A notable renter share of 22% in 72632 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 72632 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Eureka Springs:
Property Strategy for 72632
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $273,883 | $1,000 | 2.6% | +7.5% | $136,942 |
| 3BR | $355,074 | $1,410 | 2.9% | +8.3% | $118,358 |
| 4BR | $470,956 | $1,620 | 2.5% | +8.3% | $117,739 |
Market Trends
Home Value History (with trend line)
📊 How Does 72632 Compare?
| Metric | 72632 | Eureka Springs | Arkansas |
|---|---|---|---|
| Home Value | $322,217 | $317,522 | $216,341 |
| 5-Year CAGR | 4.1% | 4.2% | 5.7% |
| Avg Rent | $900 | $882 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 72632 (Eureka Springs, AR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $322,217 |
| Monthly Rent | $900 |
| Price-to-Rent | 29.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 72632
Population: 4,550
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 72632
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How much is rent in Eureka Springs, AR?
Rent in Eureka Springs, AR is around $900/mo. The resulting rent-to-value relationship with $322K pricing is reasonable for most investor models.
What is the smart move for investors in Eureka Springs, AR?
Eureka Springs, AR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($322K prices, $900/mo rents) make it a reasonable choice.
How tight is the rental market in Eureka Springs, AR?
Rental vacancy in Eureka Springs, AR is elevated. Investors should budget normal turnover but not chronic empty units.
How deep is the rental pool in Eureka Springs, AR?
Tenant demand in Eureka Springs, AR is solid. The local workforce $900/mo rents across most rental classes.
Is real estate in Eureka Springs, AR a good investment right now?
With a 3.0/5 investability score, Eureka Springs, AR ranks as a solid market for rental property investors. Median prices of $322K and rents of $900/mo drive the underlying numbers.
You know 72632 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 72632 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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