Renting is on the Rise

The American housing market is shifting — and for renters, that’s not necessarily a bad thing.

Recent data shows that the number of first-time homebuyers has hit a historic low, largely due to soaring home prices and stubbornly high mortgage rates. According to the National Association of Realtors, only 1.1 million Americans bought their first home last year — down nearly 400,000 from the previous year, and almost half the historical average.

With affordability hurdles pushing homeownership further out of reach, renting has taken center stage. In fact, the number of renter households in the U.S. has surged to an all-time high of 46 million.

So, what does this mean for individuals and families in Northwest Arkansas? For many, it’s a reminder that renting isn’t just a temporary solution — it’s a smart, flexible lifestyle choice.

Why Renting Makes Sense in Today’s Market

1. Affordability & Flexibility

Today, the median-priced home requires an annual income of $127,000 just to cover the mortgage — a huge jump from $79,000 just a few years ago. For most households, that math just doesn’t add up.

Renting, on the other hand, offers predictable monthly costs without the added financial strain of a large down payment, property taxes, or maintenance expenses. Plus, renters enjoy the freedom to move as their lifestyle or job changes — something homeownership can’t easily accommodate.

2. Less Risk, Less Stress

In a volatile market, buying a home comes with risks. With property values fluctuating and interest rates still high, buying a home right now can feel more like a gamble than an investment. Renters avoid that uncertainty — no worrying about market crashes, surprise repairs, or whether it's the “right time” to buy.

3. Maintenance-Free Living

One of the biggest perks of renting? Letting someone else handle the maintenance. From landscaping to leaky faucets, repairs are on us — not on your wallet or weekend to-do list.

Renting Isn’t Settling — It’s a Smarter Way to Live Right Now



Whether you’re a young professional saving for the future, a retiree looking to downsize, or just someone who values flexibility and freedom, renting can provide the comfort, stability, and peace of mind you need — especially in today’s housing climate.

At Elder Management Company, we understand the local market and we’re here to help you find a rental that feels like home. With a range of properties in Fayetteville and surrounding areas, we’re proud to offer options that fit your lifestyle and your budget.

Ready to explore your next rental property? Contact us today or browse our available listings here.