A residential property at 107 Leeper St in Hot Springs, AR 71913 has hit the market, and savvy short-term rental operators should take a closer look. Listings in established Hot Springs neighborhoods have been moving quickly in 2024, making early identification of viable STR candidates a key competitive advantage for investors watching this market.
Hot Springs continues to draw strong leisure demand year-round, anchored by Bathhouse Row, Lake Hamilton, Oaklawn Racing Casino Resort, and a growing arts and dining scene. Properties within a reasonable drive of these demand drivers consistently perform well on platforms like Airbnb and VRBO, often generating gross annual revenues that justify acquisition costs in the current rate environment — especially for investors who can operate efficiently or self-manage.
Before placing an offer on any Hot Springs residential property with STR intent, operators should verify zoning compliance and confirm the property falls within the city's permitted STR zones. Hot Springs requires a short-term rental permit, and hosts must collect and remit the applicable sales and tourism taxes. Skipping this step can mean fines and forced shutdowns that kill your ROI before you even get your first booking.
For investors running the numbers on a property like this, focus on proximity to downtown and the lake corridor, off-street parking availability, and bedroom count — all factors that directly influence nightly rate potential and occupancy. A well-positioned 3-bedroom in Hot Springs can realistically target $150–$220 per night in peak season, with average annual occupancy rates hovering in the 55–70% range depending on management quality and listing optimization.
Bottom line: watch this zip code. The 71913 area offers a mix of price points that still pencil out for STR investors, and properties in move-in-ready condition can be operational within weeks of closing. Do your due diligence, get your permits in order, and move decisively when the numbers align.