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Real Estate Prices & Overview

Hot Springs Southwest median real estate price is $318,482, which is more expensive than 81.9% of the neighborhoods in Arkansas and 45.0% of the neighborhoods in the U.S.

The average rental price in Hot Springs Southwest is currently $1,220, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 61.6% of Arkansas neighborhoods.

Hot Springs Southwest is a rural neighborhood (based on population density) located in Hot Springs, Arkansas.

Hot Springs Southwest real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two 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 Hot Springs Southwest neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 9.6% in Hot Springs Southwest. NeighborhoodScout analysis shows that this rate is lower than 40.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Hot Springs, the Hot Springs Southwest neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Hot Springs Southwest neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Hot Springs Southwest neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 71.6% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 98.7% of U.S. neighborhoods. Less time commuting means more time for other things in life.

People

If you're nearing retirement age, or in retirement, the Hot Springs Southwest is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 7.4% of retiree-friendly neighborhoods in Arkansas, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Arkansas. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives.

Diversity

Significantly, 2.4% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 97.3% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Hot Springs Southwest neighborhood in Hot Springs are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 61.0% of U.S. neighborhoods. With 11.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.4% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Hot Springs Southwest neighborhood, 55.8% 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 18.6% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (16.7%), and 8.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Hot Springs Southwest neighborhood is English, spoken by 86.2% of households. Some people also speak German/Yiddish (2.4%).

Ethnicity / Ancestry

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 Hot Springs Southwest neighborhood in Hot Springs, AR, residents most commonly identify their ethnicity or ancestry as English (12.8%). There are also a number of people of Irish ancestry (11.3%), and residents who report Asian roots (11.1%), and some of the residents are also of German ancestry (10.9%), along with some Scots-Irish ancestry residents (1.7%), among others. In addition, 10.9% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Hot Springs Southwest neighborhood spend under 15 minutes commuting one-way to work (71.6% of working residents), one of the shortest commutes across America.

Here most residents (78.3%) 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 (15.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Crime includes:
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Schools include:
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