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Hot Springs Village, AR Real Estate


According to census data in the year 2000 there were 5,095 housing units in Hot Springs Village. This represents a 35.5% growth from 3,761 in 1990.

Of those housing units, 3,566 were located in either urbanized areas or urban clusters, and 1,529 were located in what is classified as a rural area.

Homeownership rate in Hot Springs Village is about 88.4%. Hot Springs Village's vacancy rate, including seasonal lodging, is about 15.5%. Average household size is 1.95 people.

The majority of houses, apartments or condos in Hot Springs Village were built after 1986.

Statistics

Housing Size

Housing Units by Size
Studio Type0.10%
One Bedroom1.20%
Two Bedrooms38.70%
Three Bedrooms53.70%
Four Bedrooms5.80%
Five Bedrooms or more0.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.01
Median year structure was built1987
Median Value of occupied units$132,000
Median Price asked for vacant units$106,000

Rented Homes, Apartments and Condos

Average Household Size1.54
Median year structure was built1984
Median Monthly Rent asked for vacant units$542

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.20%
Home Equity Loan3.40%
Simple Mortgage37.80%
Debt Free56.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs12.6%