Nestled in the heart of Northwest Arkansas, Centerton and Bentonville offer a dynamic blend of small-town charm, big-city opportunities, and a thriving natural environment. Whether you’re a young family, a growing professional, or a retiree seeking a vibrant community, Centerton and Bentonville have something special to offer. Here’s a data-driven look at what makes this area so attractive to new home buyers:
A Booming Economy:
- Powerhouse of Innovation: Centerton and Bentonville are home to Walmart’s headquarters and a flourishing startup scene. This translates to a strong job market with diverse career opportunities across various industries. According to the Kauffman Foundation, Arkansas ranks 6th in the nation for new firm startups per capita.
- Low Unemployment Rates: The Bentonville metropolitan area boasts an unemployment rate consistently below the national average, indicating a stable and growing economy. As of May 2024, the unemployment rate for the Bentonville Metropolitan Statistical Area sits at 3.5%, according to the Bureau of Labor Statistics. This is significantly lower than the national average of 3.6% for the same period.
Thriving Communities:
- Family-Friendly Atmosphere: Both Centerton and Bentonville prioritize family life. Excellent public schools, numerous parks and recreational facilities, and a strong sense of community make these areas ideal for raising a family. Schooldigger ranks the schools in both Centerton and Bentonville highly, with many receiving above-average ratings.
- Safe and Secure: Centerton and Bentonville consistently rank among the safest cities in Arkansas, offering peace of mind for residents. According to AreaVibes, Centerton boasts a crime rate 23% lower than the national average, while Bentonville enjoys a crime rate 18% lower.
Affordable Living:
- Favorable Cost of Living: The cost of living in Centerton and Bentonville is lower than the national average, making homeownership and everyday living more affordable. NerdWallet estimates that the cost of living in Bentonville is 10% lower than the national average.
- Housing Market Diversity: The housing market offers a variety of options, from charming single-family homes in established neighborhoods to modern condos and luxury estates. This caters to a wide range of budgets and lifestyles. According to Zillow, the median home price in Centerton is
$437,100 (as of June 2024), while Bentonville offers a more affordable median home price of $469,300 (as of June 2024).
Cultural Hub and Outdoor Paradise:
- Bentonville’s Artistic Flair: Bentonville is home to Crystal Bridges Museum of American Art, a world-renowned institution showcasing American masterpieces. The vibrant arts scene offers a plethora of cultural experiences.
- Outdoor Adventure Awaits: Nature enthusiasts will find themselves at home with easy access to hiking trails, biking paths, beautiful lakes, and stunning parks like the Slaughter Pen Trail and the Hobbs State Park Conservation Area.
Data Snapshot: Centerton & Bentonville
Here’s a quick statistical glance to give you a better understanding of the area:
- Median Home Price: Centerton – $437,100 (Zillow, June 2024), Bentonville – $469,300 (Zillow, June 2024)
- Population: Centerton – 17,455 (U.S. Census Bureau, 2020 estimate), Bentonville – 58,308 (U.S. Census Bureau, 2020 estimate)
- Median Household Income: Centerton – $104,464 (Arkansas Department of Finance and Administration, 2020), Bentonville – $73,429 (Arkansas Department of Finance and Administration, 2020)
- Unemployment Rate: Bentonville MSA – 3.5% (Bureau of Labor Statistics, May 2024)
Investing in Your Future:
Centerton and Bentonville offer a unique blend of urban amenities, small-town charm, and a strong focus on community. With a thriving economy, excellent schools, and a dedication to a high quality of life, this area presents an exceptional opportunity for potential home buyers. Here are some additional factors to consider:
- Entrepreneurial Spirit: If you’re an entrepreneur or aspiring business owner, Centerton and Bentonville’s booming startup scene fosters a supportive environment. Resources like incubators, co-working spaces, and angel investor networks can help your business thrive.
- Family-Friendly Activities: Beyond excellent schools, the area offers a plethora of family-friendly activities. From the Walmart Museum to the Amazeum Children’s Museum, there’s something to keep everyone entertained. The countless parks and outdoor recreation opportunities provide ample space for families to connect with nature.
- Low Property Taxes: Property taxes in Arkansas are generally lower than the national average. This translates to lower housing costs and frees up more resources for homeowners. According to the Tax Foundation, Arkansas has an effective property tax rate of 0.64% (as of 2023), which is lower than the national average of 1.07%.
Making the Move:
Centerton and Bentonville offer a compelling combination of economic opportunity, a strong sense of community, and a high quality of life. With its affordability, excellent schools, and beautiful surroundings, this area is a perfect fit for families, young professionals, and retirees alike.
Ready to Explore More?
If you’re considering a move to Centerton or Bentonville, we recommend visiting the area to experience it firsthand. Explore the charming neighborhoods, visit the Crystal Bridges Museum, or hike the Slaughter Pen Trail. We are confident you’ll find yourself captivated by the unique spirit of this dynamic community.
Additional Resources:
- Centerton Chamber of Commerce: https://business.greaterbentonville.com/list/member/centerton-area-chamber-of-commerce-6063
- Bentonville Chamber of Commerce: https://greaterbentonville.com/contact-us/
- City of Centerton: https://centertonar.us/
- City of Bentonville: https://www.bentonvillear.com/27/Government
