Median real estate price in the Town Center of Hot Springs Village is $161,272, which is more expensive than 86.0% of the neighborhoods in Arkansas and 41.4% of the neighborhoods in the U.S.
The average rental price in Hot Springs Village Town Center is currently $1,151, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.9% of the neighborhoods in Arkansas.
Hot Springs Village Town Center is a suburban 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.
Vacant apartments or homes are a major fact of life in Hot Springs Village Town Center. The current real estate vacancy rate here is 21.2%. This is higher than the rate of vacancies in 86.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (13.0%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.