The housing market in Hot Springs, AR Metro Area is flourishing. Median house value is at $218,500, which is significantly lower than the median US house value of $338,100. Moreover, the house appreciation rate over the past year in Hot Springs has been 12.20%, nearly four percentage points higher than the national average of 8.27%. This indicates that home values have been rising quickly over the last year and could continue to increase in the near future. Therefore, it appears that Hot Springs is an attractive place for investing in real estate due to its low home prices and strong appreciation rates.
The median home cost in Hot Springs Metro Area is $218,500. Home appreciation the last 10 years has been 65.6%. Home Appreciation in Hot Springs Metro Area is up 18.9%.
Average Age of Homes
- The median age of Hot Springs Metro Area real estate is 35 years old
The Rental Market in Hot Springs Metro Area
- Renters make up 25.4% of the Hot Springs Metro Area population
- 3.1% of houses and apartments in Hot Springs Metro Area, 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.