Hot Springs Village, AR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hot Springs Village, AR Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hot Springs Village Housing Market Information

With 14,030 people, 6,958 houses or apartments, and a median cost of homes of $186,797, 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 87.52% of the town's housing units. Other types of housing that are prevalent in Hot Springs Village include row houses and other attached homes ( 5.64%), duplexes, homes converted to apartments or other small apartment buildings ( 4.35%), and a few large apartment complexes or high rise apartments ( 2.01%).

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 89.69% of Hot Springs Village's homes, and 75.70% 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 ( 23.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.46%).

Vacant housing appears to be an issue in Hot Springs Village. Fully 17.25% 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 Home Appreciation Rates

Real estate appreciation rates in Hot Springs Village's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.20% during the period.

Appreciation rates are so strong in Hot Springs Village that despite a nationwide downturn in the housing market, Hot Springs Village real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hot Springs Village appreciation rates continue to be some of the highest in America, at 7.39%, which is higher than appreciation rates in 83.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hot Springs Village. Hot Springs Village appreciation rates in the latest quarter were at 1.47%, which equates to an annual appreciation rate of 6.01%.

Relative to Arkansas, our data show that Hot Springs Village's latest annual appreciation rate is higher than 80% of the other cities and towns in Arkansas.

Average Home Values

 

Median Home Value:
$186,797

Hot Springs Village, AR HOME PRICES

Value Range
> $1,131,000 0.3
$848,001 - $1,131,000 0.5
$565,001 - $848,000 3.4
$453,001 - $565,000 5.2
$339,001 - $453,000 12.4
$226,001 - $339,000 24.9
$113,001 - $226,000 34.8
$57,001 - $113,000 13.2
$0 - $57,000 5.3

Very High for AR
High for Nation

Value Relative to Nation Value Relative to State
35.7728817531935 4.92957746478873

Number Of Homes And Apartments:
6,958

Hot Springs Village Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AR*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
25.61% 1.33% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,185 / per month

Homeownership Rate

Homeownership
Owners 89.69
Renters 10.31
Vacant 17.25

Housing Market Details

 

Age of Homes

AGE OF Hot Springs Village HOMES
2000 or Newer 23.2
1970 - 1999 74.0
1940 - 1969 2.5
1939 or Older 0.3

Types of Homes

TYPE OF Hot Springs Village HOMES
Single-Family 87.5
Townhomes 5.6
Small Apt. Buildings 4.4
Apt. Complexes 2.0
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Hot Springs Village HOMES
No Bedroom 0.37
1 Bedroom 0.52
2 Bedrooms 22.73
3 Bedrooms 66.54
4 Bedrooms 9.16
5 or more bedrooms 0.68

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Zip Codes in Hot Springs Village, AR