Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 14,030, 7,022 total housing units (homes and apartments), and a median house value of $160,668, Hot Springs Village real estate is some of the most expensive in Arkansas, although Hot Springs Village home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Hot Springs Village, accounting for 88.04% of the town's housing units. Other types of housing that are prevalent in Hot Springs Village include row houses and other attached homes ( 6.03%), duplexes, homes converted to apartments or other small apartment buildings ( 2.60%), and a few large apartment complexes or high rise apartments ( 2.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hot Springs Village. Owner-occupied housing accounts for 86.48% of Hot Springs Village's homes, and 74.60% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Hot Springs Village built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hot Springs Village built between 2000 and later ( 22.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.00%).
Vacant housing appears to be an issue in Hot Springs Village. Fully 20.26% of the housing stock is classified as vacant. Left unchecked, vacant Hot Springs Village homes and apartments can be a drag on the real estate market, holding Hot Springs Village real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Hot Springs Village's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hot Springs Village during the period has been just -0.02%, which is lower than 80% of US communities.
Over the last year, Hot Springs Village appreciation rates have trailed the rest of the nation. In the last twelve months, Hot Springs Village's appreciation rate has been 1.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hot Springs Village were at -1.84%, which equates to an annual appreciation rate of -7.15%.
Notably, Hot Springs Village's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Hot Springs Village's latest annual appreciation rate is lower than 80% of the other cities and towns in Arkansas.
|$803,001 - $1,070,000||0.5|
|$535,001 - $803,000||3.4|
|$428,001 - $535,000||5.0|
|$321,001 - $428,000||12.4|
|$214,001 - $321,000||20.4|
|$107,001 - $214,000||40.7|
|$53,001 - $107,000||10.5|
|$0 - $53,000||6.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Hot Springs Village HOMES|
|2000 or Newer||22.2|
|1970 - 1999||74.8|
|1940 - 1969||3.0|
|1939 or Older||0.0|
|TYPE OF Hot Springs Village HOMES|
|Small Apt. Buildings||2.6|
|SIZE OF Hot Springs Village HOMES|
|5 or more bedrooms||1.37|