Hot Springs, AR—71901
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Hot Springs, AR
Home Price Trends — Hot Springs, AR
As of Oct '25, the median home price in Hot Springs, AR is $205,000, with a year-over-year change of -1.0%. This indicates that home prices in Hot Springs, AR are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $205,000 | -1.0% |
| Single Family | $205,000 | -1.0% |
| Condos | $211,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $84,000 | -11.6% |
2 Bed | $117,000 | -9.3% |
3 Bed | $221,000 | 0.0% |
4 Bed | $380,000 | 1.3% |
| 5 Bed | $497,000 | -1.8% |
% of Housing Stock
Rental Trends — Hot Springs, AR
As of July '25, Rentcast reports the average rent in Hot Springs, AR is $1,120, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Hot Springs, AR is studios: $750, 1-bedrooms: $859, 2-bedrooms: $976, 3-bedrooms: $1,530, 4-bedrooms: $2,150. The most common rental property sizes in Hot Springs, AR are 2-bedroom and 1-bedroom, accounting for 34.1% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $952 | $1,120 |
| Studio Rent | $750 | $750 |
| 1 Bed Rent | $850 | $859 |
| 2 Bed Rent | $950 | $976 |
| 3 Bed Rent | $1,400 | $1,530 |
| 4 Bed Rent | $1,500 | $2,150 |
% of Rental Stock
Property Listings — Hot Springs, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Hot Springs, AR is 76. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | -2.0% |
Listing Count | 224 | 22.0% |
| Listings as % of Homes | 0.6% | 22.0% |
Days on Market | 76 | 28.0% |
Demographics — Hot Springs, AR
As of the latest ACS Survey released in 2023, Hot Springs, AR has a population of 29,700, which has remained stable by -0.9% over the past 5 years. Hot Springs, AR is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,700 | -0.9% |
% Under 18 | 22.0% | -4.8% |
% Seniors | 18.5% | 6.3% |
% WFH | 5.7% | -3.4% |
% w/ College Degree | 25.8% | 35.8% |
As of the latest ACS Survey released in 2023, Hot Springs, AR is a predominantly white area, with 71.2% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Hot Springs, AR is black, making up 13.2% of the population. Foreign-born residents account for 5.0% of the population in Hot Springs, AR, and this percentage has increased by 61.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.2% | -5.6% |
% Black | 13.2% | -10.2% |
% Hispanic | 9.9% | 62.3% |
% Asian | 0.8% | 14.3% |
% Foreign Born | 5.0% | 61.3% |
Mortgage and Risk — Hot Springs, AR
According to HUD data as of 2023, there were 473 mortgage originations in Hot Springs, AR, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Hot Springs, AR. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 473 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Hot Springs, AR
As of 2024, the percent of homes in Hot Springs, AR under the Section 8 program is 23.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Hot Springs, AR, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,196 |
Total Units Section 8 | 1,144 |
% Rentals under Section 8 | 23.4% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $850 | $740 |
| 2 Bedroom | $0 | $950 | $950 |
| 3 Bedroom | -$200 | $1,400 | $1,200 |
| 4 Bedroom | -$10 | $1,500 | $1,490 |
Affordability — Hot Springs, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $205,000 |
| Median Household Income | $52,400 |