Reports · Monthly · Dec 2017
Northwest Arkansas, Dec 2017
Local sales-tax receipts across 19 NWA cities (excluding 6 with a likely new or changed local tax) rose 5.1% versus the same period a year earlier. Receipts totaled $17.4M across all 28 reporting cities.
What happened
generated from the data
- Local sales-tax receipts across 19 NWA cities (excluding 6 with a likely new or changed local tax) rose 5.1% versus the same period a year earlier. Receipts totaled $17.4M across all 28 reporting cities.
- Among the Core cities, Bella Vista led at +13.9% and Rogers trailed at -0.8%.
- The fastest register growth was outside the Core: Sulphur Springs at +32.3%.
- 6 cities show moves large enough to reflect a new or changed local tax rather than spending (Greenland, Elm Springs, Gravette, West Fork…); they are marked in the table and left out of the rankings above.
- Builders pulled permits for 419 residential units region-wide, down 23.6% year over year.
- The 30-year mortgage rate averaged 3.95% in the period, 25 basis points lower than a year earlier.
- Employed residents in the NWA metro averaged 249,611 in the period, up 2.0% from a year earlier.
- Momentum at period end (12-month sales-tax growth vs a year earlier): speeding up in Bentonville, Springdale, Bella Vista; slowing in Siloam Springs, Rogers.
- The metro counted 248,700 jobs in December 2017, up 5,300 from December 2016; manufacturing added the most (+1,300), professional & business services shed the most (-600) (BLS, preliminary for recent months).
Every sentence above is a fixed template filled with computed values; no figure is typed by hand. Trend arrows compare this period with the three before it of the same length: they describe, they don't forecast. Market commentary, not advice.
Demand: the registers
local sales tax · vs same period a year earlier
Supply: homes permitted
| Place | Units | Change |
|---|---|---|
| Centerton | 216 | +839.1% |
| Bentonville | 49 | -84.1% |
| Rogers | 38 | 0.0% |
| Fayetteville | 37 | -31.5% |
| Springdale | 17 | small base |
| Bella Vista | 16 | small base |
| Prairie Grove | 11 | small base |
| Cave Springs | 10 | -23.1% |
| Siloam Springs | 6 | small base |
| Goshen | 5 | small base |
| Lowell | 5 | small base |
| Pea Ridge | 2 | -81.8% |
| Johnson | 2 | small base |
| Farmington | 1 | -93.3% |
| Elkins | 1 | small base |
| Gentry | 1 | small base |
| Gravette | 1 | small base |
| Tontitown | 1 | small base |
Census Building Permits Survey, residential units authorized (all building sizes). Places with zero units in the period are omitted; changes off fewer than 10 units show as "small base".
Bentonville's permit records in this project begin 2024-01-02. For earlier periods, the Census homes-permitted table (left) covers every city.
City of Bentonville permits-issued reports (public record). Valuation as printed by the city. Rogers, Springdale and Fayetteville join as their records load.
Economy
| Measure | Level | Change |
|---|---|---|
| Employed residents, NWA metro | 249,611 | +2.0% |
| Unemployment rate, NWA metro | 2.90% | window avg |
| Unemployment rate, U.S. | 4.10% | window avg |
| FHFA house price index, NWA | 2017-Q4 | +6.5% |
BLS Local Area Unemployment Statistics and FHFA All-Transactions HPI via FRED. Metro = Fayetteville-Springdale-Rogers, AR-MO (includes Madison Co. AR and McDonald Co. MO).
Capital markets
| Rate or balance | Level | Change |
|---|---|---|
| 30-year mortgage, average | 3.95% | -25 bp y/y |
| 10-year Treasury, average | 2.40% | |
| 2-year Treasury, average | 1.84% | |
| CRE loans at U.S. banks | $2.09T | +6.3% y/y |
| CRE loan delinquency, U.S. banks | 0.75% | 2017-Q4 |
Freddie Mac PMMS, U.S. Treasury and Federal Reserve (H.8; charge-off and delinquency rates) via FRED. National series: the cost and availability of the money that buys NWA property.
New businesses
applications to start a business
| Measure | This period | Change |
|---|---|---|
| Arkansas, all applications (1 mo.) | 1,987 | +7.4% |
| Arkansas, likely employers | 787 | +8.6% |
| Benton + Washington, 2017 | 4,807 | +22.9% |
Census Business Formation Statistics: IRS employer-ID applications. Arkansas monthly, seasonally adjusted, compared with the same months a year earlier; county counts are published yearly. Applications are intent, not openings. More on new businesses
Growth patterns
core cities · 12-month sales tax at period end
| City | Growth now | A year earlier | Momentum | Share of core 6 | A year earlier |
|---|---|---|---|---|---|
| Bentonville | +36.3% | -2.9% | ↗ speeding up | 20.7% | 16.8% |
| Springdale | +9.0% | +5.3% | ↗ speeding up | 19.5% | 19.8% |
| Bella Vista | +6.6% | +1.6% | ↗ speeding up | 1.3% | 1.3% |
| Siloam Springs | +5.2% | +9.2% | ↘ slowing | 5.2% | 5.4% |
| Rogers | +4.0% | +8.7% | ↘ slowing | 24.6% | 26.1% |
| Fayetteville | +3.5% | +3.6% | → steady | 28.7% | 30.6% |
Growth = the 12 months of local sales-tax distributions to 2017-12 vs the 12 before (Arkansas DFA); momentum compares that rate with the same reading a year earlier (±2 points). Share = each city's part of the core-6 total. More ways to read growth in the Growth Lab.
City by city
28 cities · Core first
| City | Sales tax | Change | 24 months | Homes permitted | Per 1,000 residents | Growth score |
|---|---|---|---|---|---|---|
| Fayetteville | $4.4M | +5.2% | 37 | 0.4 | 55 | |
| Rogers | $4.0M | -0.8% | 38 | 0.5 | 45 | |
| Bentonvilletax change? | $3.5M | +54.6% | 49 | 0.9 | 55 | |
| Springdale | $2.7M | +10.7% | 17 | 0.2 | 31 | |
| Siloam Springs | $766,811 | +7.9% | 6 | 0.3 | 46 | |
| Bella Vista | $187,960 | +13.9% | 16 | 0.5 | 63 | |
| Lowell | $330,768 | +5.3% | 5 | 0.5 | 56 | |
| Centerton | $215,605 | +6.3% | 216 | 12.1 | 58 | |
| Eureka Springs | $189,650 | +9.2% | — | — | — | |
| Gravettetax change? | $178,753 | +73.4% | 1 | 0.3 | 44 | |
| Tontitown | $159,096 | +19.0% | 1 | 0.2 | 67 | |
| Farmington | $158,276 | — | 1 | 0.1 | 55 | |
| Prairie Grove | $100,693 | +9.9% | 11 | 1.6 | 66 | |
| Johnson | $70,222 | — | 2 | 0.6 | 70 | |
| West Forktax change? | $68,189 | +57.3% | 0 | — | 14 | |
| Highfill | $66,566 | — | 0 | — | 41 | |
| Pea Ridge | $63,610 | +22.5% | 2 | 0.3 | 80 | |
| Gentry | $59,655 | +15.6% | 1 | 0.3 | 55 | |
| Lincoln | $48,714 | +21.6% | 0 | — | 34 | |
| Cave Springs | $38,206 | +19.5% | 10 | 1.7 | 70 | |
| Greenlandtax change? | $33,498 | +217.9% | 0 | — | 33 | |
| Decatur | $23,920 | -3.9% | 0 | — | 53 | |
| Little Flock | $12,783 | +10.4% | 0 | — | 37 | |
| Garfield | $12,337 | +3.7% | — | — | 46 | |
| Elm Springstax change? | $11,690 | +87.9% | 0 | — | 60 | |
| Avoca | $7,578 | +0.8% | — | — | 45 | |
| Sulphur Springs | $1,876 | +32.3% | 0 | — | 23 | |
| Springtowntax change? | $322 | +52.6% | — | — | 52 |
Sales tax: AR DFA local distributions in the window; sparkline = the 24 months ending 2017-12. Homes: Census BPS. Per 1,000 residents uses the 2020 census. Growth score is today's 479 Growth Pressure Score, not the score as of this period.
Method and definitions
- Local sales tax
- What the state distributes back to each city from its local sales and use tax, by DFA report month (about two months after the sale). Changes compare the same cities in both periods.
- Tax change?
- A city whose receipts moved 40% or more in one period, or 15% a year over several, usually adopted or changed a local tax. It's shown, and left out of rankings and region totals.
- Homes permitted
- Residential units authorized by building permits, all building sizes (Census Building Permits Survey, place level).
- 4-period trend
- Direction of this period and the three before it of the same length (least-squares slope with a small tolerance). Describes what happened; not a forecast.
- Metro
- Fayetteville-Springdale-Rogers, AR-MO metropolitan area (CBSA 22220).
Cite this report
The 479 Report, "Northwest Arkansas Monthly Report: Dec 2017," https://the479report.com/reports/monthly/2017-12/ (data through 2017-12; generated 2026-11-09).
Free to reuse with that credit. This report as JSON.
Who publishes this. The 479 Report, Siloam Springs, Arkansas. The numbers come from public agencies; commentary is market commentary, not investment, legal or tax advice.
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