MARKET SNAPSHOT

NW Arkansas q3 2025

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AVERAGE RENT

$1,198 Q3 2025

OCCUPANCY RATE

94.8% Q3 2025

NET ABSORPTION

1,416 YTD Q3 2025

ANNUAL RENT CHANGE

1.1% Q3 2025

ANNUAL OCCUPANCY CHANGE

-30 BPS Q3 2025

UNIT COMPLETIONS

2,335 YTD Q3 2025

KEY TAKEAWAYS

Developers delivered 1,363 units in Q3 2025—the largest quarterly total since 2019—as several projects reached completion across Central Benton County, Northeast Washington County, and Fayetteville.

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Market rents rose 1.1% year over year in Q3 2025 to an average of $1,198, outpacing the national benchmark despite moderating from the elevated growth levels of recent years.

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The development pipeline continues to contract, with units under construction falling for five straight quarters to roughly 3,150 in Q3 2025 from 4,617 a year earlier, signaling a lighter wave of deliveries ahead in 2026.

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MARKET OUTLOOK

Northwest Arkansas’ multifamily market enters late 2025 in a position of stability, supported by steady renter demand, healthy occupancy levels, and a construction pipeline that continues to taper...

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