Hot Springs Village, AR—71909
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hot Springs Village, AR
As of Oct '25, the median home price in Hot Springs Village, AR is $301,000, with a year-over-year change of 0.4%. This indicates that home prices in Hot Springs Village, AR are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $301,000 | 0.4% |
| Single Family | $302,000 | 0.3% |
| Condos | $170,000 | -4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $174,000 | -2.2% |
3 Bed | $308,000 | 0.7% |
4 Bed | $486,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hot Springs Village, AR
As of July '25, Rentcast reports the average rent in Hot Springs Village, AR is $1,680, with a year-over-year rent change of 7.0%. Per bedroom, the median rent as of July '25 in Hot Springs Village, AR is 2-bedrooms: $1,560, 3-bedrooms: $1,710, 4-bedrooms: $2,450. The most common rental property sizes in Hot Springs Village, AR are 2-bedroom and 3-bedroom, accounting for 44.1% and 36.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,560 |
| 3 Bed Rent | $1,700 | $1,710 |
| 4 Bed Rent | $2,450 | $2,450 |
% of Rental Stock
Property Listings — Hot Springs Village, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Hot Springs Village, AR is 53. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $301,000 | -11.0% |
Listing Count | 313 | 18.0% |
| Listings as % of Homes | 1.5% | 18.0% |
Days on Market | 53 | -1.0% |
Demographics — Hot Springs Village, AR
As of the latest ACS Survey released in 2023, Hot Springs Village, AR has a population of 18,400, which has increased by 16.7% over the past 5 years. Hot Springs Village, AR is a less popular place for families, as children make up 8.0% of the population. The area has a moderately educated workforce, with 32.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,400 | 16.7% |
% Under 18 | 8.0% | -14.0% |
% Seniors | 55.8% | -0.7% |
% WFH | 13.8% | 58.6% |
% w/ College Degree | 32.7% | -11.1% |
As of the latest ACS Survey released in 2023, Hot Springs Village, AR is a predominantly white area, with 93.0% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Hot Springs Village, AR is hispanic, making up 2.1% of the population. Foreign-born residents account for 2.1% of the population in Hot Springs Village, AR, and this percentage has decreased by 25.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.0% | -1.1% |
% Black | 0.9% | -18.2% |
% Hispanic | 2.1% | -50.0% |
% Asian | 0.7% | 600.0% |
% Foreign Born | 2.1% | -25.0% |
Mortgage and Risk — Hot Springs Village, AR
According to HUD data as of 2023, there were 554 mortgage originations in Hot Springs Village, AR, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Hot Springs Village, AR. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 554 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Hot Springs Village, AR
Hot Springs Village, AR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,070 |
| 2 Bedroom | -$180 | $1,500 | $1,320 |
| 3 Bedroom | $10 | $1,700 | $1,710 |
| 4 Bedroom | -$370 | $2,450 | $2,080 |
Affordability — Hot Springs Village, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $301,000 |
| Median Household Income | $69,200 |