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Hot Springs

Hot Springs

Located in Garland County

$255,698 Average Value
$225 Average Price per Sq Ft
259 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.

Hot Springs features 26 miles of trails in the National Park.
Hot Springs features 26 miles of trails in the National Park.
Hot Springs is known as the
Hot Springs is known as the "Spa City," for both its natural springs and downtown resort-like atmosphere.
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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.

Hot Springs homes often feature Victorian inspired architecture.
Hot Springs homes often feature Victorian inspired architecture.
Hot Springs' residential streets are shaded by old growth trees.
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.

The Ozark on Bathhouse Row displays the area's notable Spanish Colonial Revival Architecture.
The Ozark on Bathhouse Row displays the area's notable Spanish Colonial Revival Architecture.
The Maurice Bathhouse is one of the historic buildings on Bathhouse Row and is slated for future restoration.
The Maurice Bathhouse is one of the historic buildings on Bathhouse Row and is slated for future restoration.
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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.

Some tourists visit Lake Hamilton via Duck Tours.
Some tourists visit Lake Hamilton via Duck Tours.
Oaklawn Racing Casino Resort is located in Hot Springs.
Oaklawn Racing Casino Resort is located in Hot Springs.
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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.

Arkansas School For Mathematics, Sciences, and the Arts is an exclusive school for bright minds.
Arkansas School For Mathematics, Sciences, and the Arts is an exclusive school for bright minds.
Lakeside High School is a part of the Lakeside School District that serves Hot Springs families.
Lakeside High School is a part of the Lakeside School District that serves Hot Springs families.
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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.
Downtown Hot Springs is a living piece of American history tucked into the Ouachita Mountains.
Downtown Hot Springs is a living piece of American history tucked into the Ouachita Mountains.
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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

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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

Area Facts

Number of Homes
2,137
Number of Homes for Sale
259
Median Year Built
1998
Months of Supply
12.50
Average Single Family Home Size Sq Ft
2,132
Above the national average
1,931
Average Townhouse Size Sq Ft
1,822
Average 2 Bedroom Size Sq Ft
1,328
Average 1 Bedroom Size Sq Ft
686
Median Lot Size Sq Ft
13,939

Open Houses

  • Thursday, May 7
    Open Thu 4PM - 6PM

    904 Richard St, Hot Springs National Park, AR 71913

    $220,000

    • 3 Beds
    • 2 Baths
    • 1,613 Sq Ft
    • 904 Richard St

    ~Proven Cash-Flowing Rental Just 1 Mile from Oaklawn~ Located in the heart of Hot Springs, this turn-key brick beauty sits on a spacious corner lot beneath the shade of a majestic Willow Oak. This fully furnished, one-level home offers 3 bedrooms & 2 baths, and is currently operating as a successful income-producing short-term rental. Inside, you’ll appreciate original hardwood floors in the

    Agent Photo
    Amber White
    White Stone Real Estate
    (844) 747-1140
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  • Sunday, May 3
    Open Sun 1PM - 3PM

    200 Hamilton Oaks Dr, Hot Springs, AR 71913

    $425,000

    • 2 Beds
    • 2 Baths
    • 1,356 Sq Ft
    • 200 Hamilton Oaks Dr
    • New 16 days ago

    Updated lakefront condo right on the water available just in time for SUMMER! This gated community is convenient to restaurants, shopping, Oaklawn, and all Hot Springs has to offer! Immediately when you walk through the front door, this condo boasts tons of natural light and spectacular wide open water views! The deck spans the width of the unit-perfect for entertaining and taking in the perfect

    Tiffany Lindsey Charlotte John Company (Little Rock)

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  • Friday, May 1
    Open Fri 5PM - 7PM

    220  Unit-2D Cooper St, Hot Springs, AR 71913

    $136,500

    • 2 Beds
    • 2 Baths
    • 1,268 Sq Ft
    • 220 Unit-2D Cooper St

    Welcome home to this beautifully maintained 2-bedroom, 2-bath condo offering low-maintenance living. Enjoy a spacious layout with no carpet throughout, providing a clean, modern feel and easy upkeep. The kitchen comes fully equipped with all new appliances, and the refrigerator, washer, and dryer all convey with the property — making this home truly move-in ready. Each unit has one assigned

    Shanel Harris Keller Williams Realty

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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

Rental Home Trends

Number of Homes for Rent
28
Median Rent
$1,370
Median Single Family Home Rent
$1,545
Median 3 Bedroom Single Family Home Rent
$2,163
Median Townhouse Rent
$1,500
Median 3 Bedroom Townhouse Rent
$1,950
Median Condo Rent
$1,300
Median 2 Bedroom Condo Rent
$1,423

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
$79,597
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 friendly

Bike Score®®

30 / 100

Fairly friendly

Walk Score®®

40 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and 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