The housing market in Hot Springs, AR is thriving. The median value of a house in the city is $231,700, which is significantly lower than the US median of $338,100. However, that doesn't mean it's a bad time to invest in real estate here. In the past year homes have appreciated by 19.03%, compared to only 8.27% nationally. This means that buying a home in Hot Springs right now could be a great investment for the future.
The median home cost in Hot Springs is $231,700. Home appreciation the last 10 years has been 65.8%. Home Appreciation in Hot Springs is up 19.0%.
Average Age of Homes
- The median age of Hot Springs real estate is 47 years old
The Rental Market in Hot Springs
- Renters make up 36.9% of the Hot Springs population
- 4.5% of houses and apartments in Hot Springs, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.