Hot Springs, AR housing market
Typical home value
$243K
■ 0.0% 1 yr
Typical rent
$1,189/mo
▲ 5.3% 1 yr
Gross rent yield
5.9%
U.S. 6.3%
5-year home value change
+22%
U.S. +20%
Key takeaways
- 1The typical home in Hot Springs is worth $242,674, down 0.0% over the past year and up 22% over five years.
- 2Typical rent is $1,189 a month (+5.3% YoY), a gross rent yield of 5.9% (below the Hot Springs, AR metro's 6.1%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,334/mo, $145 more than typical rent.
- 4Zillow forecasts the Hot Springs, AR metro's home values to change +1.1% over the next 12 months.
Market temperature (Hot Springs, AR metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 39/100, #306 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Hot Springs compares
| Measure | Hot Springs | Hot Springs, AR metro | United States |
|---|---|---|---|
| Typical home value | $242,674 | $243,715 | $366,157 |
| Home value, 1-yr change | −0.0% | +0.5% | +1.2% |
| Typical rent | $1,189 | $1,236 | $1,932 |
| Rent, 1-yr change | +5.3% | +4.0% | +2.7% |
| Gross rent yield | 5.9% | 6.1% | 6.3% |
| Price-to-rent ratio | 17.0 | 16.4 | 15.8 |
| Mortgage P&I, typical home | $1,334 | $1,339 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Hot Springs rental, pre-filled.
Rent vs buy in Hot Springs
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $243K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.