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These days, finding an affordable place to live in the Hot Springs Village area can be challenging. Home prices in Hot Springs Village are now at a median cost of $254,336, higher than the Arkansas average of $207,061.
The average cost of rent is $1,468/mo in Hot Springs Village, primarily driven by the current value of real estate in the Hot Springs Village area. In Hot Springs Village, 11.92% of households rent, and 56.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hot Springs Village is $5,924 per month. Households that rent pay about 24.78% of their income on rent here. Hot Springs Village’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fountain Lake, AR: equally priced homes
- Euclid Heights, AR: less expensive homes
- Blakely, AR: less expensive homes
- Lonsdale, AR: less expensive homes
- Jessieville, AR: less expensive homes
- Owensville, AR: less expensive homes
- Mountain Pine, AR: less expensive homes
- Piney, AR: less expensive homes
- Paron, AR: equally priced homes
- Mount Tabor, AR: less expensive homes
Cities with Similar Populations
- Scottsbluff, NE: less expensive homes
- Farmington, CT: higher priced homes
- Farmingville, NY: higher priced homes
- Fergus Falls, MN: equally priced homes
- Four Corners, OR: higher priced homes
- Franklin Park, IL: higher priced homes
- Greensburg, IN: less expensive homes
- Red Wing, MN: equally priced homes
- Robstown, TX: less expensive homes
- Safety Harbor, FL: higher priced homes
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