Market Overview
Home Prices in Hot Springs Village, AR
The median home value in Hot Springs Village, AR is $309,922 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hot Springs Village are priced24% below average. Hot Springs Village is part of the Hot Springs, AR metro area.
Over the past five years, Hot Springs Village home values have risen by approximately34.4%, reflecting strong long-term appreciation in this market.
Price History
Hot Springs Village Home Price Trend
City Comparison
Hot Springs Village vs. National Median
At $309,922, homes in Hot Springs Village cost 24% below the national median of $410,000. This makes Hot Springs Village a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hot Springs Village?
20% Down Payment
$61,984
on $309,922
Monthly P&I
$1,616/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,052/mo
incl. taxes & insurance
Income Needed
$82,080
gross annual (30% rule)
10% Down Option
$30,992
+ PMI applies
Loan Amount (20% dn)
$247,938
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hot Springs Village, AR?
The median home value in Hot Springs Village is $309,922 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Hot Springs Village?
Over the past year, home values in Hot Springs Village have increased by 2.1%. Over five years, prices have risen approximately 34.4%.
How much do I need to earn to buy a home in Hot Springs Village?
To comfortably afford the median home price of $309,922 with a 20% down payment ($61,984) at today's rates (6.8%), you'd need a gross annual income of approximately $82,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Hot Springs Village compare to the national average home price?
The national median home value is approximately $410,000. At $309,922, homes in Hot Springs Village are 24% below the national average.
What metro area is Hot Springs Village part of?
Hot Springs Village is part of the Hot Springs, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.