Median price for residential apartments in Hot Springs Village, AR as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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1,341 Hot Springs Village, AR, USA apartments for sale
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Hot Springs Village
According to statistics, the population in Hot Springs Village, AR amounts to 13,918, which shows growth 4% compared to the previous year. The median age of the city’s residents is 68. The average household income is $56,969, shifting growth 7% from the past year, and the average property value in Hot Springs Village, AR decline 1% to $199,200 throughout the year.
| Population | 13,918 |
| Median Age | 68.2 |
| Poverty Rate | 7% |
| Household Income | $56,969 |
| Number Of Employees | 3,355 |
| Median Property Value | $199,200 |
Household Income
The average household income in Hot Springs Village, AR grew from $53,381 to $56,969 in the past year. This data is an estimate based upon 7,022 households in Hot Springs Village, AR . The chart below presents how household income is distributed in Hot Springs Village, AR in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Hot Springs Village, AR shifted from $198,200 to $199,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hot Springs Village, AR in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hot Springs Village, AR properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Hot Springs Village, AR compared to median property taxes around the country. The prevalent amount of property taxes in Hot Springs Village, AR equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Hot Springs Village, AR, USA
Average apartment sale in Hot Springs Village: $132,276 (-1.1%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $35,965 | +6.9% |
| 2-bed apartments | $196,106 | +0.5% |
| 3-bed apartments | $340,521 | -1.4% |
| 4+ bed apartments | $472,261 | +0.1% |
During Dec 2022, the average price for an apartment in/near Hot Springs Village, AR decreased by 1.1% to $132,276.
Knowing the current property prices is key if you plan to buy a studio in Hot Springs Village, AR. The average price for a studio has increased since the last month, currently being $35,965. After collecting all data points, we now see that the average price for 1-bed apartment stands at $235,000 with no changes this month. Asking price for 2-bed apartment also increased by 0.5% and a place of this size will now cost you $196,106. A 3-bed apartment goes for $340,521, it decreased by 1.4% lately. We discerned the rise of 4- and more bed apartment price. It increased by 0.1% and made it up to $472,261.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $359,653 | +0.5% |
| Land for sale | $35,843 | +7% |
| Townhouses for sale | $187,060 | +0% |
| Condos for sale | $173,650 | +22.9% |
While assessing the property pricing Hot Springs Village, AR, you can note that it remains flat with a price tag of $59,900. Price reports demonstrate that house price increased by 0.5% this month making it up to $359,653. Condos are really in demand in this season. The median price for a condo increased by 22.9%, it’s now available for $173,650. Value of the townhouses didn’t change, the price still starts at $187,060. The average price of the land for sale in Hot Springs Village, AR has increased by 7%, and now equals $35,843.
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