Hot Springs housing market
Typical home value
$244K
▲ 0.5% 1 yr
Typical rent
$1,236/mo
▲ 4.0% 1 yr
12-month forecast
+1.1%
#386 of 546 metros
Gross rent yield
6.1%
#244 of 546 · U.S. 6.3%
Days to pending
102 days
▲ +13 days 1 yr
Listings with a price cut
23%
▼ −1.4 pts 1 yr
Key takeaways
- 1The typical home is worth $243,715, up 0.5% in a year and up 23% over five years.
- 2Zillow forecasts home values rising 1.1% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,236/mo (+4.0% YoY), a 6.1% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,339/mo in principal and interest, $103 more than renting.
- 5Homes go under contract in 102 days (+13 days vs last year); 23% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Hot Springs compares
| Measure | Hot Springs | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +0.5% | +1.2% | #407 |
| Home value, 5-yr change | +23.1% | +19.7% | |
| 12-month forecast | +1.1% | +1.1% | #386 |
| Rent, 1-yr change | +4.0% | +2.7% | #189 |
| Gross rent yield | 6.1% | 6.3% | #244 |
| Price-to-rent ratio | 16.4 | 15.8 | |
| Mortgage P&I on typical home | $1,339 | $2,012 | |
| Income needed to buy | $65,929 | $100,902 | |
| Days to pending | 102 | 56 |
Cities in the Hot Springs metro
1 cities with home value and rent data.
| Hot Springs | $243K | ■ 0.0% | $1,189 | ▲ 5.3% | 5.9% |
Run the numbers
Rental property calculator
Cash flow on a typical Hot Springs rental ($244K, $1,236/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Hot Springs home.
Rent vs buy
Is it cheaper to rent or buy in Hot Springs?
Other Arkansas metros
Little Rock, AR
$230K home$1,234 rent6.4% yield
▲ 3.7% 1 yr
Fayetteville, AR
$364K home$1,571 rent5.2% yield
▲ 2.5% 1 yr
Fort Smith, AR
$203K home$1,074 rent6.4% yield
▲ 4.4% 1 yr
Jonesboro, AR
$204K home$1,237 rent7.3% yield
▲ 4.4% 1 yr
Russellville, AR
$200K home$905 rent5.4% yield
▲ 3.3% 1 yr
Searcy, AR
$208K home$1,064 rent6.1% yield
▲ 3.8% 1 yr
Paragould, AR
$194K home$1,090 rent6.7% yield
▲ 3.2% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.