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Hot Springs, AR

Full City Profile · Arkansas · Garland County County

3.1 /5.0
B Good
38,023 Population 1,012/sq mi density
$46,441 Median Income $29,736 per capita
$156,900 Home Value $238,597 Zillow
$902 Median Rent 30.7% income on rent
63°F Avg Temperature 301 sunny days/yr
647 Violent Crime/100K 7,176 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$46,441 median income, 3.0% unemployment
A+
Affordability
4.8 / 5.0
$156,900 home value, $902/mo rent
F
Safety
1.0 / 5.0
647 violent crimes/100K (70% above avg)
B
Education
3.2 / 5.0
27.7% bachelor's degree or higher

Housing Overview

Median Home Value
$156,900
44% below
US avg: $281,900
Median Rent
$902/mo
22% below
US avg: $1,163/mo
Homeownership Rate
57.0%
13% below US avg (65.4%)
Total Housing Units
21,156
Median year built: 1971

Home Value by Source

Census Median
$156,900
Zillow (ZHVI)
$238,597
Median Sale Price
$198,500
Median List Price
$239,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

57.0%
Owner-Occupied
43.0%
Renter-Occupied
57%
43%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$700/mo
1 Bedroom
$751/mo
2 Bedroom
$944/mo
3 Bedroom
$1,239/mo
4 Bedroom
$1,406/mo
Census median rent: $902/mo · Zillow rent: $1,159/mo

Market Indicators (Redfin)

Median Days on Market
71 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
49
Price Drops
19.7%
of listings with price reduction
Price Per Sq Ft
$142
Active Inventory
355
homes for sale

Affordability & Housing Stock

Rent Burden
30.7%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
57.0%

Complete Housing Data

Home Values

Census Median Value$156,900
Zillow Home Value (ZHVI)$238,597
Median Sale Price$198,500
Median List Price$239,500
Price Per Sq Ft$142

Rent

Census Median Rent$902
Zillow Rent (ZORI)$1,159
FMR Studio$700
FMR 1-Bedroom$751
FMR 2-Bedroom$944
FMR 3-Bedroom$1,239
FMR 4-Bedroom$1,406

Market

Days on Market71
Sale-to-List Ratio0.9%
Price Drops19.7%
Homes Sold49
Active Inventory355
Price Per Sq Ft$142

Ownership & Stock

Owner-Occupied57.0%
Renter-Occupied43.0%
Homeownership Rate57.0%
Total Housing Units21,156
Median Year Built1971
Rent Burden30.7%