Markets/Arkansas/Hot Springs

Hot Springs, AR Real Estate Market 2026

Investor-grade market analytics for Hot Springs, Arkansas. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$236,304

-0.8% year-over-year

Est. Rental Yield

6.9%

gross annual

12-Month Forecast

-6.1%

base case (Zillow ZHVF)

-6.1% year-over-year

Market Momentum

❄️
Cooling
5.8mo supply · Score -2/7

Migration: Top 86% nationally

Income Migration

➡️ Neutral0.94x

In-migrants avg $56,440 AGI vs out-migrants $60,366

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Opportunity Zone Market

2 ZIP codes in Hot Springs are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Hot Springs Market Summary

Hot Springs, AR is experiencing a correction with -0.8% year-over-year decline, signaling a buyer's market with softening demand. Affordability remains favorable with a price-to-income ratio of 4.26x, below the national average of 4.8x. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 6.88% is strong, making this market attractive for buy-and-hold investors.

Affordability

Affordability Score82/100
Price-to-Income Ratio4.3x (national avg 4.8x)
Median Household Income$55,409

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-9.2%
Base Case-6.1%
Bull Case-3.1%

Climate & Natural Hazard Risk

Hot Springs, AR's primary climate exposure is tornadoes (70/100). The composite climate risk score of 50/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.

Source: FEMA National Risk Index

Get the full Hot Springs dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.