Hot Springs, AR housing market
The typical Hot Springs home is worth about $246,000, about the same as a year ago, 8% above the Arkansas typical home. Homes typically sell in 77 days, below asking.
Home values, sales, trends and how Hot Springs compares with the towns next door — updated as new data is published.
Hot Springs at a glance
A buyer's market
More homes are for sale than are selling — about 7 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Hot Springs | Arkansas |
|---|---|---|
| 2017 | $137,000 | $140,000 |
| 2018 | $140,000 | $145,000 |
| 2019 | $146,000 | $149,000 |
| 2020 | $155,000 | $156,000 |
| 2021 | $175,000 | $172,000 |
| 2022 | $212,000 | $197,000 |
| 2023 | $232,000 | $206,000 |
| 2024 | $239,000 | $212,000 |
| 2025 | $248,000 | $220,000 |
| 2026 | $245,000 | $224,000 |
| August 2026 | $246,000 | $227,000 |
326 new homes permitted in 2025
Builders were permitted 326 new homes in Hot Springs in 2025: 98 single-family houses and 228 in buildings with two or more homes, worth about $72 million to build. That's 8.6 per 1,000 residents, about the pace of Arkansas as a whole. Over the past 10 years, Hot Springs has permitted 1,318 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Hot Springs gained 2,737 residents while 548 new homes were permitted: about 5 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Arkansas: 1.1 new residents per new home.
How Hot Springs ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 60 | 58 | 2 | $24.6 million |
| 2025 | 326 | 98 | 228 | $72 million |
| 2024 | 111 | 87 | 24 | $35.4 million |
| 2023 | 76 | 70 | 6 | $26.2 million |
| 2022 | 99 | 67 | 32 | $26.4 million |
| 2021 | 330 | 78 | 252 | $37.6 million |
| 2020 | 88 | 79 | 9 | $18.9 million |
| 2019 | 117 | 47 | 70 | $20.4 million |
| 2018 | 90 | 50 | 40 | $14.9 million |
| 2017 | 36 | 36 | 0 | $8.7 million |
| 2016 | 45 | 45 | 0 | $14.3 million |
| 2015 | 59 | 59 | 0 | $9.9 million |
| 2014 | 43 | 43 | 0 | $12.3 million |
| 2013 | 41 | 41 | 0 | $9.7 million |
| 2012 | 44 | 44 | 0 | $10.2 million |
| 2011 | 35 | 35 | 0 | $7 million |
| 2010 | 38 | 38 | 0 | $4.2 million |
| 2009 | 38 | 38 | 0 | $4.2 million |
| 2008 | 54 | 54 | 0 | $5.9 million |
| 2007 | 93 | 93 | 0 | $10.2 million |
| 2006 | 135 | 135 | 0 | $14.8 million |
| 2005 | 156 | 156 | 0 | $17.1 million |
| 2004 | 140 | 140 | 0 | $15.3 million |
| 2003 | 129 | 129 | 0 | $14.1 million |
| 2002 | 117 | 117 | 0 | $12.8 million |
| 2001 | 106 | 106 | 0 | $11.6 million |
| 2000 | 105 | 105 | 0 | $11.5 million |
How Hot Springs ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Hot Springs and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Hot Springs | $246K | −0.1% | $1,050 | 326 | $47,760 |
| Piney | — | +3.7%† | $1,130 | — | $50,901 |
| Lake Hamilton | — | +3.7%† | $1,130 | — | $73,696 |
| Rockwell | — | +3.7%† | $1,130 | — | $63,500 |
† FHFA price index change, where Zillow has no home value for the town.
5.2 years of income
The typical Hot Springs home costs about 5.2 years of the town's median household income, more than across Arkansas (3.7 years).
How Hot Springs ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,050
HUD's Fair Market Rent for a two-bedroom in Hot Springs is $1,050 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hot Springs pay a median of $914, so moving in tends to cost more than staying put. A two-bedroom takes about 26% of the town's median household income.
Studio $800 · 4 bedrooms $1,610
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (71901, 71913; Hot Springs, AR MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.