Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hot Springs area can be challenging. Home prices in Hot Springs are now at a median cost of $162,199, higher than the Arkansas average of $160,541.
The average cost of rent is $873/mo in Hot Springs, primarily driven by the current value of real estate in the Hot Springs area. While nearly 47.98% of residents own their homes outright in Hot Springs, 34.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hot Springs is $4,664 per month. Households that rent pay about 18.72% of their income on rent here. Hot Springs's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Rockwell, AR: higher priced homes
- Piney, AR: less expensive homes
- Euclid Heights, AR: less expensive homes
- Lake Catherine, AR: higher priced homes
- Lake Hamilton, AR: higher priced homes
- Price, AR: less expensive homes
- Mountain Pine, AR: less expensive homes
- Pettyview, AR: less expensive homes
- Pearcy, AR: higher priced homes
- Jones Mills, AR: less expensive homes
Cities with Similar Populations
- Grove City, OH: higher priced homes
- Orland Park, IL: higher priced homes
- Port Orange, FL: higher priced homes
- Pottstown, PA: higher priced homes
- Manhattan, KS: higher priced homes
- Little Elm, TX: higher priced homes
- Rocky Mount, NC: less expensive homes
- San Clemente, CA: higher priced homes
- Skokie, IL: higher priced homes
- Toa Baja, PR: less expensive homes
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