The housing market in 71901 Hot Springs, AR is quite strong. The median value of homes in the area is $187,300, which is significantly lower than the US median value of $338,100. However, the appreciation rate of homes in 71901 Hot Springs, AR has been far more impressive than the US average rate over the past year. The appreciation rate for 71901 Hot Springs was 19.03%, while the national appreciation rate was 8.27%. This high level of appreciation means that local homeowners have seen a significant increase in their home's value over the past year and could potentially be sitting on a nice gain if they decide to sell now.
The median home cost in Hot Springs (zip 71901) is $187,300. Home appreciation the last 10 years has been 65.8%. Home Appreciation in Hot Springs (zip 71901) is up 19.0%.
Average Age of Homes
- The median age of Hot Springs (zip 71901) real estate is 43 years old
The Rental Market in Hot Springs (zip 71901)
- Renters make up 33.1% of the Hot Springs (zip 71901) population
- 5.0% of houses and apartments in Hot Springs (zip 71901), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.