Why Live in Lake Hamilton
Lake Hamilton in Hot Springs, Arkansas, is a lively community known for its scenic waterfront and year-round attractions. The neighborhood is popular among both locals and transplants, with many second homes owned by residents from Little Rock, Memphis, and Dallas. Housing options range from estate-style homes and ranch-style houses to country cottages and condos, many of which feature amenities like pools and private boat slips. The area is particularly attractive to investors due to the potential for short-term rentals. Lake Hamilton is a hub of activity, especially on weekends when boats and party barges gather. The lake is well-stocked with fish from the Andrew H. Hulsey Fish Hatchery, and it hosts the Hot Springs Fishing Challenge from May through July, offering cash prizes for tagged fish. The community also enjoys the Oaklawn Racing Casino, which features horse racing, a casino, and the annual Racing Festival of the South. Dining options are plentiful, with popular spots like Sam’s Pizza Pub, Fisherman’s Wharf, and the upscale Luna Bella. The Lakeside School District, highly rated in Arkansas, serves the area with five A-rated schools. Convenient access to Hot Springs and Little Rock is provided by Highway 7 and State Highway 270, with nearby Memorial Airport offering flights to Dallas and Memphis.
Home Trends in Lake Hamilton, AR
On average, homes in Lake Hamilton, Hot Springs sell after 73 days on the market compared to the national average of 51 days. The median sale price for homes in Lake Hamilton, Hot Springs over the last 12 months is $440,000, up 10% from the median home sale price over the previous 12 months.
Median Sale Price
$440,000
Median Single Family Sale Price
$480,000
Median Townhouse Sale Price
$415,000
Median 2 Bedroom Sale Price
$360,000
Average Price Per Sq Ft
$299
Number of Homes for Sale
85
Last 12 months Home Sales
115
Median List Price
$430,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
10%