Hot Spring County, Arkansas Housing Market Prices
Hot Spring County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 21% below the Arkansas median$88,995
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Median rent 19% below the Arkansas median$768
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hot Spring County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,995 | $111,957 | $248,835 |
| Price Trend (Annual %) | 18.6% | 3.4% | 7.5% |
| Median Gross Rent | $768 | $947 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hot Spring County is about 21% lower than in Arkansas. Rent is about 19% lower than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hot Spring County, up about 18.6% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Hot Spring County rose about 16.9% between 2015 and 2024, from $657 to $768. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Hot Spring County.
Buying the median-priced home in Hot Spring County costs roughly 9.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hot Spring County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Hot Spring County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,995 | $111,957 | $248,835 |
| Median Household Income | $56,674 | $60,940 | $80,455 |
| Price-to-Income Ratio | 1.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hot Spring County rose about 156.1%, while median household income rose about 50.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hot Spring County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.8% | 57.4% | 58.5% |
| Rental Rate | 20.2% | 29.0% | 31.2% |
| Vacancy Rate | 13.9% | 13.5% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Hot Spring County has a homeownership rate of 65.8%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 13.9%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Hot Spring County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1983 | 1987 | 1978 |
| Median Number of Rooms | 5.4 | 5.5 | 5.5 |
The typical housing unit in Hot Spring County was built around 1983. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Hot Spring County, AR Housing Compared With Nearby Counties
Hot Spring County, AR is the 3rd largest of the 5 counties compared here, 33,176 residents against a local median of 60,580. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Hot Spring County, AR an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 13% below the local median at $768 against $879. Hot Spring County, AR has the 5th highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hot Spring County, AR | 33,176 | $88,995 #3/5 | $768 #5/5 | 76.5% #3/5 |
| Garland County, AR | 100,035 | $77,340 | $966 | 69.4% |
| Clark County, AR | 21,125 | $26,775 | $792 | 65.0% |
| Saline County, AR | 127,467 | $192,380 | $1,033 | 78.2% |
| Grant County, AR | 18,243 | $92,898 | $787 | 80.7% |
Frequently Asked Questions
Common questions about the housing market in Hot Spring County, Arkansas.
What is the median home price in Hot Spring County, Arkansas?
The median home price in Hot Spring County, Arkansas is $88,995, lower than the Arkansas average of $111,957.
What is the average home price in Hot Spring County, Arkansas?
The typical home price in Hot Spring County, Arkansas, reported as the median sale price, is $88,995. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Hot Spring County, Arkansas?
The median gross rent in Hot Spring County, Arkansas is $768 per month, lower than the Arkansas average of $947.
What was the median gross rent in Hot Spring County in 2020?
In 2020, the median gross rent in Hot Spring County, Arkansas was $635 per month.
What is the price-to-rent ratio in Hot Spring County, Arkansas?
The price-to-rent ratio in Hot Spring County, Arkansas is about 9.7, meaning it would take roughly 9.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hot Spring County.
Are home prices or rent rising faster in Hot Spring County, Arkansas?
Both home prices and rent are rising in Hot Spring County, up about 18.6% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hot Spring County, Arkansas?
65.8% of households in Hot Spring County, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Hot Spring County, Arkansas?
The housing vacancy rate in Hot Spring County, Arkansas is 13.9%, higher than the Arkansas average of 13.5%.
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