Median real estate price in the City Center of Hot Springs is $73,223, which is less expensive than 75.8% of Arkansas neighborhoods and 93.2% of all U.S. neighborhoods.
The average rental price in Hot Springs City Center is currently $835, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.4% of the neighborhoods in Arkansas.
Hot Springs City Center is a suburban neighborhood (based on population density) located in Hot Springs, Arkansas.
Real estate in the City Center of Hot Springs, AR is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Vacant apartments or homes are a major fact of life in Hot Springs City Center. The current real estate vacancy rate here is 31.5%. This is higher than the rate of vacancies in 94.8% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.