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Hot Springs, AR Housing

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As of 2010-2014, median price of a house in Hot Springs is $114,100, which is about the same as the state average of $108,700 and is lower than the national average of $175,700. The Hot Springs median house value has grown by 59.14% since 2000. The growth rate for the price of a house in Hot Springs is higher than the state average rate of 49.31% and is higher than the national average rate of 46.91%. The median year that a house in Hot Springs was built is 1971, which is older than the median year for a house built in the state which is 1982 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 8,099 Owner Occupied Houses in Hot Springs, AR, #78

Hot Springs, AR	114,100 USD
Arkansas	108,700 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #137

Hot Springs, AR	59.14%
Arkansas	49.31%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Hot Springs, AR	Arkansas	U.S.
Total Housing Units	19,028, see rank, 100%	1,329,139	132,741,033
Occupied Housing Units	15,115, 79.44%, see rank	85.20%	87.55%
Owner Occupied	8,099, 42.56%, see rank	56.70%	56.34%
Renter Occupied	7,016, 36.87%, see rank	28.50%	31.21%
Vacant Housing Units	3,913, 20.56%, see rank	14.80%	12.45%
For Rent	1,023, 5.38%, see rank	3.08%	2.34%
For Sale Only	380, 2.00%, see rank	1.47%	1.20%
Rented or Sold, Not Occupied	125, 0.66%, see rank	1.34%	0.92%
For Seasonal, Recreational, or Occasional Use	1,065, 5.60%, see rank	3.77%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.03%	0.03%
Other Vacant	1,320, 6.94%, see rank	5.11%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #410

Hot Springs, AR	Arkansas	U.S.
1971	1982	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Hot Springs, AR	%	Arkansas	U.S.
Owner-Occupied Units	8,099	100%	753,620	74,787,460
With a Mortgage	4,604	56.85%, see rank	57.12%	65.58%
Without a Mortgage	3,495	43.15%, see rank	42.88%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Hot Springs, AR	936 USD
Arkansas	1,027 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Hot Springs, AR	%	Arkansas	U.S.
$299 or Less	22	0.48%, see rank	0.27%	0.20%
$300 to $499	249	5.41%, see rank	4.06%	1.59%
$500 to $699	848	18.42%, see rank	13.71%	5.01%
$700 to $999	1,525	33.12%, see rank	29.88%	14.32%
$1,000 to $1,499	1,096	23.81%, see rank	31.28%	27.90%
$1,500 to $1,999	393	8.54%, see rank	11.89%	20.35%
$2,000 to $2,999	180	3.91%, see rank	6.76%	19.52%
$3,000 or More	291	6.32%, see rank	2.16%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Hot Springs, AR	25.30% of the Total Income
Arkansas	20.40% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Hot Springs, AR	%	Arkansas	U.S.
10% or Less	252	5.47%, see rank	8.42%	5.86%
10% to 20%	1,442	31.32%, see rank	40.00%	31.95%
20% to 30%	949	20.61%, see rank	25.17%	27.64%
30% to 40%	732	15.90%, see rank	10.74%	13.74%
40% or More	1,162	25.24%, see rank	15.06%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Hot Springs, AR	327 USD
Arkansas	328 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Hot Springs, AR	%	Arkansas	U.S.
$199 or Less	421	12.05%, see rank	14.84%	7.76%
$200 to $299	1,036	29.64%, see rank	27.47%	14.70%
$300 to $499	1,459	41.75%, see rank	40.92%	34.63%
$500 to $699	419	11.99%, see rank	11.95%	21.16%
$700 or More	160	4.58%, see rank	4.82%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Hot Springs, AR	10.90% of the Total Income
Arkansas	10.60% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Hot Springs, AR	%	Arkansas	U.S.
10% or Less	1,614	46.18%, see rank	46.84%	40.19%
10% to 20%	918	26.27%, see rank	30.62%	31.47%
20% to 30%	483	13.82%, see rank	10.57%	12.24%
30% to 40%	233	6.67%, see rank	4.25%	5.64%
40% or More	208	5.95%, see rank	6.40%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Hot Springs, AR	Arkansas	U.S.
Total Housing Units	19,028, 100%	1,329,139	132,741,033
1-unit, Detached	11,940, 62.75%, see rank	69.70%	61.65%
1-unit, Attached	361, 1.90%, see rank	1.65%	5.82%
2 Units	847, 4.45%, see rank	3.05%	3.75%
3 or 4 Units	1,334, 7.01%, see rank	3.22%	4.43%
5 to 9 Units	1,015, 5.33%, see rank	3.18%	4.78%
10 or More Units	2,331, 12.25%, see rank	6.24%	13.08%
Mobile Home, Boat, RV, Van, etc.	1,200, 6.31%, see rank	12.96%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Hot Springs, AR	Arkansas	U.S.
Total Housing Units	19,028, 100%	1,329,139	132,741,033
1 Room	621, 3.26%, see rank	1.56%	1.95%
2 Rooms	834, 4.38%, see rank	1.59%	2.48%
3 Rooms	1,955, 10.27%, see rank	6.43%	9.13%
4 Rooms	4,128, 21.69%, see rank	17.60%	16.60%
5 Rooms	4,084, 21.46%, see rank	26.27%	20.41%
6 Rooms	3,346, 17.58%, see rank	20.63%	18.06%
7 Rooms	1,709, 8.98%, see rank	12.10%	12.27%
8 Rooms	1,151, 6.05%, see rank	6.91%	8.48%
9 Rooms or More	1,200, 6.31%, see rank	6.92%	10.60%
Median Rooms	5.00, see rank	5.40	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Hot Springs, AR	Arkansas	U.S.
Total Housing Units	19,028, 100%	1,329,139	132,741,033
No Bedroom	688, 3.62%, see rank	1.67%	2.17%
1 Bedroom	2,706, 14.22%, see rank	7.20%	11.16%
2 Bedrooms	6,764, 35.55%, see rank	27.66%	26.69%
3 Bedrooms	6,917, 36.35%, see rank	49.76%	39.70%
4 Bedrooms	1,722, 9.05%, see rank	11.71%	16.05%
5 or More Bedrooms	231, 1.21%, see rank	2.00%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Hot Springs, AR	Arkansas	U.S.
Total Housing Units	15,115, 100%	1,132,488	116,211,092
Utility Gas	7,940, 52.53%, see rank	40.58%	48.85%
Bottled, Tank, or LP Gas	73, 0.48%, see rank	7.51%	4.86%
Electricity	6,908, 45.70%, see rank	46.89%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.12%	5.86%
Coal or Coke	0, 0.00%, see rank	0.00%	0.12%
Wood	138, 0.91%, see rank	4.39%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	21, 0.14%, see rank	0.30%	0.47%
No Fuel Used	35, 0.23%, see rank	0.20%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Hot Springs, AR	Arkansas	U.S.
Occupied Units Paying Rent	6,481, 100%	340,136	39,201,928
$199 or Less	252, 3.89%, see rank	1.96%	1.50%
$200 to $299	538, 8.30%, see rank	4.51%	3.18%
$300 to $499	890, 13.73%, see rank	15.80%	7.37%
$500 to $699	1,990, 30.71%, see rank	31.92%	16.01%
$700 to $999	1,869, 28.84%, see rank	32.72%	29.17%
$1,000 to $1,499	656, 10.12%, see rank	10.95%	26.88%
$1,500 to $1,999	118, 1.82%, see rank	1.32%	9.79%
$2,000 or More	168, 2.59%, see rank	0.81%	6.10%
Median	$661, see rank	$675	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Hot Springs, AR	Arkansas	U.S.
Occupied Housing Units	15,115, 100%	1,132,488	116,211,092
No Vehicles Available	2,241, 14.83%, see rank	6.36%	9.12%
1 Vehicles Available	6,312, 41.76%, see rank	34.07%	33.80%
2 Vehicles Available	5,075, 33.58%, see rank	39.29%	37.48%
3 or More Vehicles Available	1,487, 9.84%, see rank	20.28%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.