Then & Now... A snapshot look at the growth of Northwest Arkansas

If you are familiar with Northwest Arkansas at all, you have probably heard it said that this area has grown... a LOT.  But you may not know why or how exactly.  Our team decided to take a deeper look at this growth over the past two decades, and wanted to share a few of our findings.  It's easy to see that this little corner of the state has really bloomed into a national hub for economic growth and development.

Ethnic Trends from 1990-2010:

2010 Census	Population	White	Latino	Asian	African American	Other
MSA	463,204	353,302	69,087	10,884	8,629	21,302
Rogers	55,964	34,718	17,619	1,400	716	1,511
Lowell	7,327	5,035	1,808	193	59	212
Springdale	69,797	36,798	24,692	1,336	1,160	5,811
Fayetteville	73,580	59,398	4,725	2,255	4,301	2,901
Bentonville	35,301	27,193	3,074	2,919	850	1,265
Bella Vista	26,461	24,881	688	122	169	601
2000 Census	Population	White	Latino	Asian	African American	Other
MSA	311121	266462	26401	4094	4168	9,996
Rogers	38829	33296	3660	556	184	1,133
Lowell	5013	4445	205	136	39	188
Springdale	45798	37380	5079	772	377	2,190
Fayetteville	58047	50212	2639	1484	2969	743
Bentonville	19730	17939	528	473	174	616
Bella Vista	16441	16050	168	45	30	148
1990 Census	Population	White	Latino	Asian	African American	Other
MSA	113409	107724	1526	1027	1656	1476
Rogers	24692	23811	460	190	15	216
Lowell	1224	1164	37	6	0	17
Springdale	29941	28853	446	277	28	337
Fayetteville	42099	38798	603	651	1566	481
Bentonville	11257	10872	161	98	27	99
Bella Vista	9083	9009	25	8	7	34

One of the most important trends that we see with ethnic growth is the increase of the Latino population over the past twenty years, growing from just 460 in Rogers in 1990 to over 17,000 in Rogers today.  35.3% of all Latino residents in Arkansas live in Benton or Washington County. 

This growth is remarkable, and has opened up our area to become a diverse marketplace in both small and large scale businesses for minority business leaders.  It has also allowed the rest of the growth to become international hub as we continue to grow our diverse population.

Household & Gender Trends from 1990-2010: 

2010 Census	Male	Female	Households
MSA	230,152	233052	173054
Rogers	27,437	28,527	19,675
Lowell	3,622	3,705	2,677
Springdale	34693	35104	22805
Fayetteville	36,993	36,587	30726
Bentonville	17282	18,019	13253
Bella Vista	12,706	13,755	11729
2000 Census	Male	Female	Households
MSA	154697	156424	118363
Rogers	18,947	19,882	14,061
Lowell	2,404	2,444	1,790
Springdale	22635	23425	16287
Fayetteville	29,376	28,407	23691
Bentonville	9533	10219	7468
Bella Vista	7,934	8,507	7854
1990 Census	Male	Female	Households
MSA	56060	57349	43372
Rogers	11,872	12,865	9,705
Lowell	614	610	477
Springdale	14353	15588	11432
Fayetteville	21,029	21,070	16894
Bentonville	5368	5889	4266
Bella Vista	4,332	4,751	4369

From 2000-2010, the U.S. census shows that we had rapid growth in the amount of individuals and families moving to Northwest Arkansas averaging 944 new residents per month transplanting here to live.  Benton County alone grew 44.3% with an increase of 67,933 people since 2000.

The population for Benton and Washington Counties has more than doubled since 1990.  The growth rate for the two county area was 101.2% for a total population growth of 213,496 since 1990.  Northwest Arkansas has four of the top ten largest cities in Arkansas. 

Nearly half of the entire growth of the state of Arkansas since 2000 has occurred in Benton and Washington County.

There is no question that corporations such as Walmart, Tyson, and JB Hunt that are headquartered in Northwest Arkansas have had a major impact. 

People from all over the United States and worldwide are moving to Northwest Arkansas to engage in business which is fostering a creative and economic movement that has propelled the Northwest Arkansas region to be one of the nation's best.

The quality of life found in Northwest Arkansas is what one expects from a major metropolis, to have things like world-class health care, fine dining, boutique shops, sports complexes, parks and trails, and the upcoming Crystal Bridges Museum of American Art.  Not only do new residents find this to be a capitol for business, but there are several things to do for leisure as well.

I-540 & Pleasant Grove Road in 1990

I-540 & Pleasant Grove in 2010

The Nation Has Noticed:

Northwest Arkansas and its cities have recently been recognized by national organizations:

- In 2010 & 2011 CNN-MONEY ranked Rogers 10th on its "Best Places to Live" for Small Cities

- In 2011, Forbes ranked Northwest Arkansas 5th in the Nation for Mid-Sized Cities for Job-Growth

- The Milken Institute ranked Northwest Arkansas 43rd on its "Best Performing Cities" List for Large-Metros

- U.S. News and World Report ranked the Sam M. Walton College of Business 25th among public institutions on its annual "America's Best Graduate Schools List."  The part-time program was ranked 29th in the nation, and the UA Law School was listed in the Top 50.

- 2010 CNN-MONEY listed the top 25 counties in the United States that have experienced the most job growth since 2000.  Benton County ranked 15th, and Washington County came in at 22nd.

- Forbes.com ranked Northwest Arkansas #2 for its list "Best Place in the United States for Recession Recovery"

What Next: 

This is a vibrant economic area that is still growing.  Improvements such as the near opening of Crystal Bridges Museum of American Art, the recent expansion of XNA Airport, the groundwork beginning for the Bella Vista Bypass, the announcement of Cabela's, and the continuing expansion of St. Mary's/Mercy Hospital show that we're not done.

This area will continue to be a driving force for the nation and great things will continue to come to Northwest Arkansas in the next few years and beyond.

Take a moment to get to know our team

Take a moment to get to know our team:

Steve Fineberg - President, Principal Broker

Steve is from Fort Smith, Arkansas and is a graduate from the University of Arkansas with a degree in Marketing and Managing. Steve has been in the real estate business for thirty years, been a licensed broker for twenty, and a member of CCIM for eight. Steve works in the commercial real estate market servicing the greater Northwest Arkansas area.

Steve brings a keen, analytical eye to all sales, determining needs and providing solutions to benefit both sides. Steve’s energetic and analytical approach to business is greatly reflected in the Steve Fineberg and Associates office, an environment he proudly sees as a unique agency in how it’s players handle business, and cherish and nurture client relationships. Steve lives in Rogers with his wife, co-owner, and broker, Ida Fineberg.

Contact Steve: steve@arkrealestate.com (479)  409-4756


Amy Mills – Vice President, Executive Broker

Amy is originally from Chicago, Illinois, and is a graduate of John Brown University with a degree in Organizational Management. She has been in the real estate industry for six years, and focuses exclusively with commercial property, specifically office and retail. Amy is a Certified Commercial Investment Member, CCIM. 

Amy believes in building strong relationships with her clients, and never accepts what others see as a dead end. She finds working at Steve Fineberg and Associates as challenging as it is rewarding. Amy lives in Bentonville with her husband and child.

Contact Amy: amy@arkrealestate.com (479) 685-8875


Ron Palmer – Sales Associate

Originally from Chicago, Illinois, Ron graduated from Southern Illinois University with a PHD in Psychology. Ron worked as a university professor for the next fifteen years before making the jump to private business in the early 1980s. Ron owned The AQ Chicken Houses, Arkansas restaurants that were first established in 1947. Ron brings a customer and detail oriented style of business to the table. He finds working at Steve Fineberg and Associates a creative experience and brings his academic and analytic background to the commercial real estate market. Ron lives in Rogers with his wife.

Contact Ron: ron@arkrealestate.com (479) 271-4161

Kris Munson – Office Manager

Kris is originally from Dodge City, Kansas. She has been an office manager in the real estate industry for seven years. As Office Manager for Steve Fineberg and Associates, Kris maintains and manages all files. She creates all property presentations, as well as maintains public relations with clients and the community. Kris brings professionalism along with her organizational skills and her creative thinking. She is an asset to our company. She enjoys the steady pace of commercial real estate, and the dedication of the Steve Fineberg and Associates family. Kris lives in Bentonville with her son, Bo Weber.

Contact  Kris: kris@arkrealestate.com (479) 271-4161



Ida Fineberg-Vice President, Executive Broker

Ida, vice president and broker and co-owner is originally from Havana, Cuba having immigrated to the United States with her family in the 1960s. Ida is a graduate of the University of North Texas with a degree in English and Spanish. Ida worked as a teacher for over twenty years before entering the world of real estate in 1998. Ida primarily works with residential property in the Northwest Arkansas area. She holds the Certified Residential Specialist (CRS) designation.

Ida brings extensive market knowledge and experience to the business side of real estate. On a personal level, Ida strives to get to know her clients beyond their business, working towards learning their lifestyles and finding a home that best suits their families and dreams. Ida is bilingual, speaking English and Spanish. She lives in Rogers with her husband, Steve Fineberg.

Contact Ida: ida@arkrealestate.com (479) 409-3658

Five Critical Points To Consider When Selecting Your Commercial Real Estate Agency & Broker

When selecting a commercial agency and broker you will want to review several points that can have direct influence on the outcome of your sales or leasing effort.

From their personal knowledge and experiences our team of commercial experts have compiled this list of tips that all buyers and sellers, tenants and landlords should consider when choosing the perfect commercial agency
and broker to represent the client's interest.


1.   Does the broker have contacts within the real estate sector in which their client's property is located?  Is that agency familiar with the marketing of properties such as office, retail, commercial lots, warehouses, etc.?


2.  Can the broker and agency demonstrate the ability to push thelisting into the market profile of those parties who might have and interest in such a property?

3.  Do the broker and agency have a strong name recognition in the market so that he or she will have a high probability of getting inquiries regarding the property?

4.  Do the broker and agency have the ability to discuss the highest and best use of the real estate in which the client is attempting to market,and then equate that to a potential income stream for the purchaser?

5.  Is the particular broker a good listener, and does he/she have the negotiating skills needed to guide the various parties through the transactions?  Furthermore, does the particular broker understand that
the choice of words used during presentations and negotiations can influence the outcome of a deal?


As a buyer or seller, tenant or landlord, maximize your position by asking the hard questions of your real estate representative.  This relationship can mean the difference between failure or success.

An Early Christmas Gift For Northwest Arkansas - 21C Hotel Coming Soon

Written by:  Ida Fineberg - Vice President, Executive Broker


November 11th, 2011 Christmas will come early to Bentonville, Arkansas as this town will unwrap what is set to be, in the world of art and culture, a wonderful gift, The Crystal Bridges Museum of American Art. 


Nestled among beautiful water features, trails, and framed by the natural beauty that is found in Northwest Arkansas, The Crystal Bridges Museum will shine the cultural spotlight on Bentonville and its surrounding areas as never before (well, culturally speaking, this is the home of Walmart after all).   However, with the arrival of the Crystal Bridges will come many more “gifts” to Bentonville.


Among the perks from having the Crystal Bridges grace the Northwest Arkansas area will be the new the 21C Museum Hotel to be built on the Bentonville Square and within walking distance from the museum. 

Another hotel is being built, so what? 

Well, not so what, because the Bentonville 21c Museum Hotel will be built by the same folks who took some abandoned tobacco and bourbon warehouses in Kentucky and turned them into the 21C Museum Hotel in Louisville, Kentucky.  The Louisville 21c Museum Hotel was recently selected the Gold List Number 1 hotel in America by the readers of Conde Nast Traveler magazine.  By the way, it has won that prestigious position TWO years in a row.  Conde Nast Traveler, a publication dedicated to inform on the best in worldwide travel, gathers comments from its readers that detail the character of a hotel regarding rooms, services, food, location and design.  Based on these evaluations, the hotels are scored, the highest score being 100.  The Louisville 21c Museum Hotel received a score of 97.7 putting it at the top of the list of U.S. hotels. 

Actually this is not a bad place to be considering the competition among hotels in the U.S.  As if that isn’t enough for one hotel, the Louisville 21c Museum Hotel was rated the number six hotel in the world.  These 21c Museum Hotel people must know a thing or two about doing things quite well as we will soon experience in Northwest Arkansas.


Let’s get back to Bentonville.   Come the last quarter of 2012 and Christmas will come early AGAIN for this area as Bentonville will have the wonderful opportunity to unwrap its very own 21c Museum Hotel, this time built from the ground up, just a stone’s throw from the truly magnificent Crystal Bridges Museum of American Art.   And who would have thought all of this in Bentonville, Arkansas?  You bet all of this is happening in Bentonville, Arkansas.

By the way, the Bentonville 21c Hotel Museum will probably get a 99 rating from Conde Nast, but then again, nothing’s perfect.  Enjoy your early Christmas gifts, Northwest Arkansas.