Hot Springs, AR home prices
Typical home $243,715 · +0.5% in a year · income needed $65,600
The Hot Springs, AR metro area ranks 474 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.5% in a year and +23.1% over five years. With 20% down at 7.11%, the typical home costs about $1,531 a month including 0.48% property tax (Garland County rate).
Mortgage on the typical Hot Springs home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $48,743 | $194,972 | $1,312 | $0 | $219 | $1,531 | $65,600 |
| 10% down | $24,371 | $219,343 | $1,476 | $91 | $219 | $1,786 | $76,600 |
| 5% down | $12,186 | $231,529 | $1,558 | $96 | $219 | $1,873 | $80,300 |
| 3.5% down (FHA) | $8,530 | $239,300 | $1,610 | $108 | $219 | $1,937 | $83,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.48% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Hot Springs area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Garland County, AR | $243,734 | +0.5% | 0.48% |
What can you afford in Arkansas on your salary? · Arkansas home prices · Salaries in Arkansas
Frequently asked questions
How much is a house in Hot Springs?
The typical home in the Hot Springs, AR metro area is worth $243,715 (Zillow, September 2026).
What salary do you need to buy a house in Hot Springs?
About $65,600 a year for the typical home with 20% down at 7.11%.