Median real estate price in the Town Center of Hot Springs Village is $234,225, which is more expensive than 61.2% of the neighborhoods in Arkansas and 25.7% of the neighborhoods in the U.S.
The average rental price in Hot Springs Village Town Center is currently $1,460, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.0% of the neighborhoods in Arkansas.
Hot Springs Village Town Center is a rural neighborhood (based on population density) located in Hot Springs Village, Arkansas.
Real estate in the Town Center of Hot Springs Village, AR is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Town Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Hot Springs Village Town Center has a 12.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 71.4% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
One of the notable things about Hot Springs Village Town Center is that it is one of the quietest neighborhoods in America, according to NeighborhoodScout's exclusive analysis and quantitative rating of quietness. When you are here, you will find it to be very quiet. If quiet and peaceful are your cup of tea, you may have found a great place for you.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Hot Springs Village Town Center stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 80.3% of the residential real estate here was built in this one time period.
Hot Springs Village Town Center is ranked among the top 8.0% of neighborhoods for first-time home buyers to consider in the state of Arkansas according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Hot Springs Village Town Center neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.
Did you know that the Hot Springs Village Town Center neighborhood has more Scots-Irish and Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.6% of this neighborhood's residents have Scots-Irish ancestry and 0.5% have Czechoslovakian ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Town Center neighborhood in Hot Springs Village are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 79.5% of U.S. neighborhoods. With 25.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 77.3% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Hot Springs Village Town Center neighborhood, 32.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 28.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (22.2%), and 14.6% in clerical, assistant, and tech support occupations.
The most common language spoken in the Hot Springs Village Town Center neighborhood is English, spoken by 97.9% of households.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Town Center neighborhood in Hot Springs Village, AR, residents most commonly identify their ethnicity or ancestry as German (17.2%). There are also a number of people of English ancestry (16.5%), and residents who report Irish roots (9.6%), and some of the residents are also of Scots-Irish ancestry (3.6%), along with some Polish ancestry residents (2.7%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Hot Springs Village Town Center neighborhood spend under 15 minutes commuting one-way to work (31.6% of working residents), one of the shortest commutes across America.
Here most residents (78.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.