2025 Compare Cities Housing:
Memphis, TN vs Hot Springs Village, AR

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Highlights
- The median age of a home in Memphis is 48.1% older than the median age of a home in Hot Springs Village.
 Memphis, TNHot Springs Village, ARUnited States
 Median Home Age52  Unlock42
 Median Home Cost  Unlock$270,400$338,100
 Home Appr. Last 12 months15.5%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock52.7%57.0%
 Home Appr. Last 10 yrs.97.4%  Unlock101.1%
 Property Tax Rate  Unlock$5.9$11.0
 Homes Owned40.2%  Unlock57.4%
 Housing Vacant  Unlock14.9%11.2%
 Homes Rented45.8%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Memphis, TNHot Springs Village, ARUnited States
 Average Rent  Unlock$1,470$1,840
 Studio Apartment$820  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$920$1,180
 2 Bedroom Home or Apartment$1,060  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,490$1,860
 4 Bedroom Home or Apartment$1,620  Unlock$2,160
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 Vacant Housing
 Memphis, TNHot Springs Village, ARUnited States
 Vacant For Rent  Unlock2.8%1.9%
 Vacant Rented0.9%  Unlock0.4%
 Vacant For Sale  Unlock1.3%0.7%
 Vacant Sold0.2%  Unlock0.4%
 Vacant Vacation  Unlock7.0%3.6%
 Vacant Other8.1%  Unlock4.1%
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 Owner-Occupied Housing Value
 Memphis, TNHot Springs Village, ARUnited States
 Less Than $20,000  Unlock1.0%2.6%
 $20,000 to $39,9995.2%  Unlock2.4%
 $40,000 to $59,999  Unlock1.6%2.8%
 $60,000 to $79,99914.3%  Unlock3.9%
 $80,000 to $99,999  Unlock1.6%4.5%
 $100,000 to $149,99916.3%  Unlock11.3%
 $150,000 to $199,999  Unlock17.9%13.0%
 $200,000 to $299,99912.7%  Unlock20.1%
 $300,000 to $399,999  Unlock18.5%13.6%
 $400,000 to $499,9993.1%  Unlock8.3%
 $500,000 to $749,999  Unlock6.8%9.7%
 $750,000 to $999,9991.4%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.5%2.2%
 $1,500,000 to $1,999,9990.2%  Unlock0.8%
 $2,000,000 and over  Unlock0.2%1.1%
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 Housing Units By Year Built
 Memphis, TNHot Springs Village, ARUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock21.6%13.6%
 2000 to 20096.3%  Unlock13.6%
 1990 to 1999  Unlock31.5%13.6%
 1980 to 198912.2%  Unlock13.2%
 1970 to 1979  Unlock18.7%14.8%
 1960 to 19699.5%  Unlock13.6%
 1950 to 1959  Unlock0.5%10.0%
 1940 to 19498.8%  Unlock4.7%
 1939 or Earlier  Unlock0.3%12.2%
Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 5 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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Reviews for Hot Springs Village    16 Reviews

Over 4 years ago

We’ve been coming here for nearly 30 years. Bought a house on Lake Balboa 3 years ago and love the neighbors, golf, restaurants and location. Many lakes in this gated  More

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I have moved into Hot Springs Village less than 2 months ago. Within that 2 month time period I have had the POA compliance authorities come to tell me I was out of  More

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1. Cost of living is lower than most other states, especially property taxes. 2. Icy and snowy weather is infrequent. 3. Hurricane evacuations are not an issue you  More

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