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Hot Springs

Hot Springs

Located in Garland County

$257,784 Average Value
$224 Average Price per Sq Ft
201 Homes For Sale

Hot Springs is home to the oldest national park

The city of Hot Springs brings people together. Nicknamed “The Spa City” today, the area was called “The Valley of the Vapors” by Native American tribes that first inhabited the Ouachita Mountains. It was considered a common ground where everyone could relax in thermal mineral water. The city’s hot springs and mountains were officially named the Hot Springs Reservation in 1832, making it the oldest park in the National Park System. The city would again become neutral ground in the 1930s when it became a popular vacation destination for mobsters like Al Capone and Frank Costello. Its streets were rife with gambling, bootlegging and other vices, but not violence. A federal crackdown in the 1960s eliminated the city’s gangster ties.

Today, Hot Springs has nearly 38,000 residents, up slightly from around 35,000 residents in 2010. Many more people visit its 47 natural hot springs each year, with 2021 seeing a record 2.16 million visitors enter Hot Springs National Park. The Oaklawn Racing Casino Resort is the city’s biggest employer, followed by CHI St. Vincent Hot Springs, the only level II trauma center in Southwest Arkansas. Walmart Inc., National Park Medical Center and the City of Hot Springs are other large employers. “The amount of amenities for the town, and the personal, community feeling of Hot Springs, combined with the cost of living is hard to find,” says Benjamin Kilgore, a Realtor and executive broker with Lake Hamilton Realty.

Downtown Hot Springs features 26 miles of trails in the National Park.
Downtown Hot Springs features 26 miles of trails in the National Park.
Lake Hamilton is a lakeside neighborhood in Hot Springs, Arkansas.
Lake Hamilton is a lakeside neighborhood in Hot Springs, Arkansas.
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Waterfront condos and Colonial Revival homes

The median price of a Hot Springs home is around $230,000, well below the United States average. Houses spend an average of 52 days on the market. Downtown Hot Springs is filled with historic Victorian and Colonial Revival homes, while waterfront condos and ranch-style houses are prominent in the Lake Hamilton neighborhood. These homes tend to be more expensive and can be optimal for investors looking to operate short-term rentals.

Downtown Hot Springs homes often feature Victorian inspired architecture.
Downtown Hot Springs homes often feature Victorian inspired architecture.
Downtown Hot Springs' residential streets are shaded by old growth trees.
Downtown Hot Springs' residential streets are shaded by old growth trees.
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Bathhouse Row lets visitors relax away the day

The nearly 5,000-acre Hot Springs National Park offers hiking and camping among its many activities. The park’s Bathhouse Row, on Central Avenue, comprises eight bathhouses from the late 1800s and early 1900s. Hale Bathhouse, the oldest on the street, has a sauna nestled inside a thermal cave. The city has three area lakes for kayaking, fishing and scuba diving, including the 40,000-acre Lake Ouachita, the state’s largest lake.

Lake Hamilton is located close to Hot Springs National Park.
Lake Hamilton is located close to Hot Springs National Park.
Piney is located just minutes from the iconic Bathhouse Row.
Piney is located just minutes from the iconic Bathhouse Row.
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Water slides and a reminder of the city's past

Outside of its spas, things remain wet in Hot Springs. Magic Springs Theme and Water Park has rollercoasters, water slides and an outdoor concert amphitheater, which holds more than 10 performances each summer. The park is usually open from May through early November. The annual Stueart Pennington's World Championship Running of the Tubs sees teams race custom, wheeled bathtubs through city streets. Oaklawn Racing Casino Resort has Thoroughbred horse racing and hosts the Arkansas Derby, one of the biggest prep races before the Kentucky Derby. The resort also has slots, table games and sports betting.

Downtown Hot Springs is home to Veteran Memorial Park.
Downtown Hot Springs is home to Veteran Memorial Park.
Some tourists visit Lake Hamilton via Duck Tours.
Some tourists visit Lake Hamilton via Duck Tours.
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Lakeside School District gets a high Niche grade

Students are served by five school districts. Lakeside School District is the highest rated by Niche, holding an A grade. The Arkansas School for Mathematics, Sciences, and the Arts, a public school that requires an application, has an A-plus individual grade.

Lake Hamilton Intermediate School has a 17:1 student teacher ratio.
Lake Hamilton Intermediate School has a 17:1 student teacher ratio.
Langston Magnet School
Langston Magnet School
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Intracity Transit buses get people around town

U.S. Route 270 runs through the southern part of the city. Hot Springs is around 55 miles from Little Rock, the state capital. Intracity Transit buses take riders down the city’s major streets. Hot Springs Memorial Field is a commercial airport with a few domestic flights. More flights are available at Little Rock’s Bill and Hillary Clinton National Airport. CHI St. Vincent Hot Springs is a 280-bed hospital.

Classic cuisine and retail boutiques

Many city restaurants serve twists on barbecue and classic American cuisine. Pizza parlors are also popular. Downtown Hot Springs has retail boutiques and other distinct shops. Uptown Hot Springs is a shopping mall with name-brand stores. The Hot Springs Farmers & Artisan Market is open year-round on Saturdays.

Downtown Hot Springs features vingage stores, handmade goods, unique restaurants, and more.
Downtown Hot Springs features vingage stores, handmade goods, unique restaurants, and more.
Rockwell just down the road from Oaklawn Racing Casino Resort.
Rockwell just down the road from Oaklawn Racing Casino Resort.
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Long, humid summers are the norm

Data from the Hot Springs Police Department says the city’s property crime rates have fallen in recent years while its violent crime rates have remained steady. The city’s violent crime and property crime rates are above the state and national averages, according to FBI crime data. The city experiences four seasons, with long, humid summers and shorter winters. Tornadoes are possible, particularly in the spring.

Ryan Kohn
Written By
Ryan Kohn
Aaron Bloodworth
Photography Contributed By
Aaron Bloodworth
Grace Kim
Video By
Grace Kim

Interested in learning more about homes in this area? Reach out to Stacy Dixon, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Hot Springs Housing Trends

Housing Trends

Median List Price
$350,000
Median Sale Price
$301,000
Median Single Family Sale Price
$409,900
Median Townhouse Sale Price
$380,000
Median 2 Bedroom Sale Price
$297,000
Median Change From 1st List Price
5%
Last 12 months Home Sales
218
Median Home Sale Price YoY Change
-4%
Average Price Per Sq Ft
$224

Area Facts

Number of Homes
2,070
Number of Homes for Sale
201
Median Year Built
1998
Months of Supply
11.10
Average Single Family Home Size Sq Ft
2,117
Above the national average
1,929
Average Townhouse Size Sq Ft
1,799
Average 2 Bedroom Size Sq Ft
1,312
Average 1 Bedroom Size Sq Ft
696
Median Lot Size Sq Ft
13,939

Open Houses

  • Saturday, Dec 20
    Open Sat 2PM - 4PM

    179 Marina Point Unit A, Hot Springs, AR 71913

    $320,000

    • 2 Beds
    • 2 Baths
    • 1,200 Sq Ft
    • 179 Marina Point
    • Unit A
    • New 11 days ago

    Lake Catherine View Condo with Open Boat Slip — Sold Mostly Furnished & STR-Ready Experience lakeside living in style at this beautifully furnished 2-bedroom, 2 bath condo in the Diamondhead Golf Resort community. Positioned to capture peaceful views of Lake Catherine, this residence offers effortless comfort, generous space, and direct access to the water. The main level features an inviting

    Agent Photo
    Nancy Bergeron
    Keller Williams Realty-Hot Spr
    (833) 394-8077
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  • Thursday, Dec 18
    Open Thu 11AM - 1PM

    200 Washington St, Hot Springs National Park, AR 71901

    $162,000

    • 3 Beds
    • 2 Baths
    • 1,180 Sq Ft
    • 200 Washington St
    • New 1 day ago

    Step into this beautifully remodeled 3-bedroom, 2-bathroom home situated on a spacious corner lot. Every inch has been thoughtfully updated — from the fresh paint and new flooring to the modern kitchen and stylish bathrooms. The bright and inviting living spaces make it perfect for relaxing or entertaining. Enjoy the convenience of being close to the local park, ideal for walks, playtime, and

    Agent Photo
    Savannah Diamond
    Keller Williams Realty
    (855) 707-3503
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  • Saturday, Dec 20
    Open Sat 1PM - 3PM

    216 Elizabeth Terrace, Hot Springs National Park, AR 71901

    $155,000

    • 5 Beds
    • 2 Baths
    • 1,700 Sq Ft
    • 216 Elizabeth Terrace

    Welcome to this beautiful gem! Your opportunity is here to own a charming multi-level home full of character and history, boasting a stunning tree with branches that hold so many memories! Built in 1923, this 5-bedroom, 2-bathroom residence offers 1,700 sq ft of living space, an office, bonus room and is ideally located within minutes of the Historic Bathhouse Row. Step inside to discover classic

    Lindsey Roddy McGraw Realtors

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Hot Springs Has More Owners

Demographics

Total Population
38,975
Median Age
45
Population under 18
21.3%
On par with the national average
23.8%
Population over 65
25.8%
Above the national average
19.1%

Finances

Median Household Income
$42,679
Significantly below the national average
$79,601
Average Household Income
$59,710

Education and Workforce

High School Graduates
87.1%
College Graduates
21.8%
Below the national average
34.1%
Advanced Degrees
7.5%
% Population in Labor Force
55%
Below the national average
64.9%

Weather

Annual Precipitation
58''
Average Winter Low Temperature
32°F
Average Summer High Temperature
93°F
Annual Snowfall
2''

Area Factors

Somewhat Bikeable

Bike Score®®

38 / 100

Somewhat Walkable

Walk Score®®

58 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Hot Springs
Stacy Dixon
Taylor Realty Group HSV
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