Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$243,715+0.5% YoY · prices are flat
Market right nowBalanced marketFewer homes for sale than last year, 18% have cut their price
Income needed to buy, per year$52,832About 0.9× the local median income ($59,915): affordable for a typical household
Days on market83 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.1%Zillow expects prices to rise slightly
The typical home in Hot Springs, AR is worth $243,715, up 0.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $227,640, so the area is 7.1% overvalued. It is a balanced market: homes take about 83 days to sell, listings are down 4% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 1.1% over the next year. A household needs about $52,832 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $59,915. Typical rent is $1,236 a month, or $1,433 for a house. In the latest IRS figures, 36 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$243,715
Change in 1 year
+0.5%
Overvalued %
+7.1%
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Fair home value
$227,640
Change in 5 years
+23.1%
Zillow forecast, next 12 months
+1.1%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,321
Income needed to afford it
$52,832
Property tax rate
0.48%
Rent and investing
Typical rent
$1,236
Typical rent for houses
$1,433
Price-to-rent ratio
16.4×
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HUD Fair Market Rent, 2 bedrooms
$1,110
Gross rental yield
6.09%
Cap rate (estimate)
3.96%
Market activity
Listings vs a year ago
−3.8%
Days on market
83
Listings with a price cut
18.0%
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Homes for sale
945
Pending sales per 100 listings
18
Asking price per sq ft
$185
People and jobs
Median household income
$59,915
Population change (1 year)
−0.2%
Unemployment rate
5.7%
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Population
99,695
Income adjusted for cost of living
$69,912
Net moves in (IRS)
+36
Cost of living (US = 100)
85.7
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
89.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
90.1
Wildfire risk score
72.9
Walkability (1 to 20)
7.0
Road, rail and air noise
53 dB
Questions people ask
Is Hot Springs, AR overvalued?
Home prices in Hot Springs, AR are slightly above what local incomes have historically supported: fair value is about $227,640, so the area is 7.1% overvalued.
Is Hot Springs, AR a buyer's or seller's market?
Hot Springs, AR is a balanced market: homes take about 83 days to sell, listings are down 4% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Hot Springs, AR?
Home values in Hot Springs, AR are up 0.5% over the last year. Zillow's forecast for the next 12 months is +1.1%.
How much do you need to earn to buy a home in Hot Springs, AR?
A household needs about $52,832 a year to afford the typical home in Hot Springs, AR at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $59,915.