Hot Springs Arkansas Area Home Supply Charts

This page looks at a variety of housing data mostly taking from the most recent 2019 American Community Survey. Figure 1 shows the total number of housing units for each city in the local area shown. Hot Springs shows it has 19,458 housing units which is the 2nd most of all the places in the area.

Figure 2 illustrates the housing density in the area as measured by houses per square land mile and it has 555.6 housing density which is the 3d most of all other places in the area. The city with the highest housing density in the area is Lake Hamilton with a density of 844.0 measures 51.9% larger. Comparing housing density to the United States average of 38.6, Hot Springs is considerably bigger. Also, in contrast to the state of Arkansas, housing density of 26.1, Hot Springs is very much bigger.

The next Figure 4 charge shows the change in housing units and shows Hot Springs shows it has 2.7% change in the housing units which is the 3d most of all other places in the area. The city with the highest change in the housing units in the area is Rockwell with a housing units of 17.0% is very much bigger. Comparing change in the housing units to the United States average of 4.9%, Hot Springs measures approximately half the size. Also, compared with the state of Arkansas, change in the housing units of 3.5%, Hot Springs is approximately three-fourths the size.

Figure 5 shows the percentage of renter households to total households. Hot Springs shows it has 46.5% Renter Percent which is more than all other placesin the area. Figure 6 shows the number of owner housing units and it has 53.5% Owner Percent which is the 4th smallest Owner Percent of all the other places in the area.

Hot Springs Arkansas Home Cost Charts

Looking at the housing data in Figure 7 we start with home values for the area. Hot Springs shows it has $117,200 median home value which isthe 5th ranked in median home value out of 10 total in the area. The city with the highest median home value in the area is Lake Hamilton with a value of $360,300 is approximately 3.1 times bigger. Figure 8 shows the median rental rate in the area. Hot Springs shows it has $714 rental rates which isthe 6th ranked in rental rates out of 10 total in the area. The city with the highest rental rates in the area is Rockwell with a rate of $888 is 24.4% larger. Comparing rental rates to the United States average of $1,023, Hot Springs is approximately three-fourths the size. Also, benchmarked against the state of Arkansas, rental rates of $729, Hot Springs is only about 2.1% smaller.

Figure 9 is a frequency distribution that shows home values. Hot Springs has home values worth less than $50,000 in the center of other places in the area at 14% of the total and is ranked in the middle of the group.

Median owner costs are shown in Figure 10 and includes costs associated with mortgage, utilities, insurance, etc. Hot Springs shows it has $636 median ownership cost which isthe 6th ranked in median ownership cost out of 10 total in the area. Figure 11 shows the median owner cost as a percent of total household income and it has 18% cost as a percent of household income which is the 2nd most of all the places in the area. The next chart, Figure 12, shows the median home value as a percent of a median workers earnings and shows that it has 366% median home value as a percent of median worker earnings which isthe 4th ranked in median home value as a percent of median worker earnings out of 10 total in the area.

Figure 14 depicts the median housing costs for owners with mortgages. Hot Springs shows it has $967 median housing cost which isthe 6th ranked in median housing cost out of 10 total in the area. Figure 15 are median housing costs for owners without mortgages and it has $358 median housing cost which isthe 4th ranked in median housing cost out of 10 total in the area.

Figure 16 shows the distribution in total housing cost for property owners. This cost includes mortgages, lines of credit, utilities, taxes, insurance, etc. Hot Springs has Owner Cost Less than $300 in the middle of other places in the area at 16% of the total and is ranked in the middle of the group. Second, it has the largest proportion of Owner Cost Between $300 and $500 at 28% of the total and is ranked #1.

Next shown in Figure 17 is housing cost as a percent of household income for owners with mortgages is shown. Hot Springs illustrates it has 22% cost as a percent of household income which is the 2nd most of all the places in the area. The city with the highest cost as a percent of household income in the area is Lake Hamilton with a cost of 37% measures 65.6% larger. Housing cost as a percent of household income for owners without mortgages is shown in Figure 18. This analysis can be useful for understanding the cost involved in home ownership excluding the cost of a mortgage. Hot Springs shows it has 11% cost as a percent of household income which is the 2nd most of all the places in the area. The city with the highest cost as a percent of household income in the area is Rockwell with a cost of 13% is 11.5% larger.

Figure 19 looks at the number of households rent as a percent of household income and shows that Hot Springs has the largest proportion of Rent as a percent of income is between 30pct to 40pct at 19% of the total and is ranked #1.

Figure 20 shows housing costs for owners or renters where costs for renters include: rent, utilities (if paid), insurance, etc. Hot Springs has Housing Cost Less than $300 in the middle of other places in the area at 13% of the total and is ranked in the middle of the group. Second, it has the largest proportion of Housing Cost Between $300 and $500 at 17% of the total and is ranked #1.

Figure 21 shows real estate taxes paid for each city in the local area and it has $605 median real estate taxes paid which isthe 6th ranked in median real estate taxes paid out of 10 total in the area. The city with the highest median real estate taxes paid in the area is Lake Hamilton with a taxes paid of $1,888 is approximately 3.1 times bigger. Comparing median real estate taxes paid to the United States average of $2,375, Hot Springs is approximately a quarter the size. Also, benchmarked against the state of Arkansas, median real estate taxes paid of $776, Hot Springs measures approximately three-fourths the size.

Figure 22 shows the percentage of renters who pay for utilities by showing rents who pay versus renters who have utilities included in rent. Hot Springs has the largest proportion of Utilities Included in rent at 29% of the total and is ranked #1.

Figure 23 shows the distribution of rental rates for area. Hot Springs Arkansas has the largest proportion of rent less than 300 dollars at 10% of the total and is ranked #1. Second, it has the largest proportion of rent between 300 and 500 dollars at 10% of the total and is ranked #1.

Hot Springs Arkansas Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has 3.3 family members per housing unit which is more than all other placesin the area. Comparing family members per housing unit to the United States average of 3.3, Hot Springs is about the same size. Also, in comparison with the state of Arkansas, family members per housing unit of 3.2, Hot Springs is only about 2.8% larger.

Figure 29 show the median number of rooms in a typical home for each city in the area. Hot Springs shows it has 5.0 average number of rooms in a house which isthe 6th ranked in average number of rooms in a house out of 10 total in the area. The city with the highest average number of rooms in a house in the area is Lake Hamilton township with an average number of rooms in a house of 5.7 measures 14.0% larger. Figure 30 shows, for the average house in each city, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another. Hot Springs shows it has 1968 year built which is the 4th smallest year built of all the other places in the area. The city with the highest year built in the area is Lake Hamilton township with a year of 1991 is only slightly larger.

Figure 31 looks at the distribution housing units by date built in this area. Hot Springs Arkansas has the largest proportion of homes built between 1950 to 1959 at 13% of the total and is ranked #1. Second, it has the largest proportion of homes built between 1940 to 1949 at 10% of the total and is ranked #1. Also, it has the largest proportion of homes built between 1939 or earlier at 15% of the total and is ranked #1.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. Hot Springs has the largest proportion of 50 or more Units at 7% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the year that they were built. Hot Springs has the largest proportion of value of homes built 2010 to 2013 at $312,500 of the total and is ranked #1. Second, it has value of homes built 2000 to 2009 in the middle of other places in the area at $228,000 of the total and is ranked in the middle of the group. Also, it has value of homes built 1970 to 1979 in the mid range of other places in the area at $107,400 of the total and is ranked in the middle of the group.

The next two charts show both the household size of homeowners and renters. Starting with Figure 36 we see the household size of homeowners. Hot Springs illustrates it has 2.3 homeowner household size which isthe 6th ranked in homeowner household size out of 10 total in the area. The city with the highest homeowner household size in the area is Rockwell with a size of 2.6 compares as 12.9% larger.

Figure 37 shows the household size for renters Hot Springs shows it has 2.3 renter household size which isthe 5th ranked in renter household size out of 10 total in the area. The city with the highest renter household size in the area is Whittington township with a size of 2.8 is 23.5% larger. Figure 39 shows the year that people who own homes moved into the area. Hot Springs has the largest proportion of Renters Moved in 2000 to 2009 at 15% of the total and is ranked #1. Second, it has the largest proportion of Renters Moved in 1989 or earlier at 3% of the total and is ranked #1.

Figure 40 compares the median year that a home owner moved into their home. Hot Springs shows it has 2005 median year that a home owner moved in which is the 2nd most of all the places in the area. Figure 41 compares the median year that a renter moved into their home. Hot Springs illustrates it has 2014 median year that a renter moved in which is the 2nd most of all the places in the area.

Figure 42 shows a frequency distribution of various types of energy sources used in a home. Hot Springs has the largest proportion of homes using natural gas at 49% of the total and is ranked #1.

The next two charts show the number of people living in group quarters, beginning with Figure 43 which shows the total number of people. Hot Springs shows it has 1,741 total people living in group quarters which is the 2nd most of all the places in the area.

Figure 44 shows the percentage of people who are living in group quarters (see definition for more info.) Hot Springs has the largest proportion of number of people under 18 Years of age and in group quarters at 15% of the total and is ranked #1. Second, it has number of people 18 years of age and older living in group quarters less than most other places in the area at 85% of the total and is ranked 3d last in the group.