Carpenter Dam Rd / Shady Grove Rd median real estate price is $138,583, which is more expensive than 76.4% of the neighborhoods in Arkansas and 33.3% of the neighborhoods in the U.S.
The average rental price in Carpenter Dam Rd / Shady Grove Rd is currently $1,028, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.6% of the neighborhoods in Arkansas.
Carpenter Dam Rd / Shady Grove Rd is a suburban neighborhood (based on population density) located in Hot Springs, Arkansas.
Carpenter Dam Rd / Shady Grove Rd real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Carpenter Dam Rd / Shady Grove Rd 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 Carpenter Dam Rd / Shady Grove Rd. The current real estate vacancy rate here is 18.7%. This is higher than the rate of vacancies in 82.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (10.7%). 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.