Performance indicators for the Hope short-term rental market based on reliable data.
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The highest-performing listings in Hope.
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Generally Investor friendly
Short-term rentals are explicitly allowed, with a simple A&P permit and a modest 2% gross receipts tax; monthly filings are straightforward and there are no stated caps or zoning bans. The process is clear and financially manageable, and enforcement appears standard rather than aggressive, making compliance feasible for investors.
Local STR Agent
STR specialist · Hope, AR
Hope is a small, friendly city in Hempstead County in southwestern Arkansas, with a population of roughly 10,000 residents. The town has a relaxed, small-town character and two claims to fame that have shaped its identity for generations: it is the birthplace of the 42nd President of the United States, Bill Clinton, and it bills itself as the "Watermelon Capital of the World," a nickname it celebrates every August with a long-running watermelon festival. Hope sits about 30 miles northeast of Texarkana on the Arkansas-Louisiana-Texas border and roughly 100 miles southwest of Little Rock, placing it within easy striking distance of larger cities while retaining a distinctly unhurried pace.
The President William Jefferson Clinton Birthplace Home is the most visited historic site in town, located in a modest bungalow where Clinton spent his earliest years before moving to Hot Springs. Operated as a museum and listed on the National Register of Historic Places, it draws history-minded travelers and political-history fans, and it sits just a few minutes from the center of Hope, making it an easy stop for short-term rental guests.
A short drive north of Hope, Crater of Diamonds State Park in Murfreesboro is one of the most distinctive attractions in the region. Approximately 45 miles from Hope, it is the only public site in the world where visitors can search for real diamonds in their original volcanic source and keep whatever they find, alongside other gems such as amethyst and garnet. The combination of novelty and outdoor activity makes it a popular day trip for families staying in the area.
Millwood Lake, a large reservoir about 20 to 30 minutes north of Hope, offers fishing, boating, and birding in a quiet, heavily wooded setting. It is well known among anglers for largemouth bass and crappie, and the surrounding Millwood State Park provides picnic areas and trail access. The lake gives travelers a low-key outdoor complement to the more visited diamond park and the historic sites in town.
Hope's appeal as a base for short-term rentals rests on this mix: an affordable, walkable small town with a recognizable national story, festival traditions that bring summer crowds, and a cluster of nearby outdoor and historic destinations that fill out a multi-day itinerary. With Texarkana, Shreveport, and the Ouachita Mountains all within reach, the city offers a comfortable, budget-friendly alternative to busier Arkansas tourist hubs, and it works especially well for travelers interested in the state's political history, family-friendly outdoor activities, and the slower rhythm of the southern Arkansas countryside.