Hot Springs National, AR Foreclosures
How much do homes sell for in Hot Springs National, AR?
The average home price is currently $275,739.
What’s the average rental cost in Hot Springs National, AR?
The average rental price in Hot Springs National is $1,039.
What is the most expensive home in Hot Springs National?
The most expensive home sold in Hot Springs National had a price of $822,800.
What is currently the cheapest priced home in Hot Springs National, AR?
The cheapest home for sale in Hot Springs National is priced at $60,340.
Living in Hot Springs National, AR
Hot Springs National Park in Arkansas is a unique location renowned for its natural hot springs, stunning landscapes, and vibrant culture. It is a great place for outdoor enthusiasts, providing ample opportunities for hiking, camping, and enjoying the scenic beauty of the Ouachita Mountains. The area is also rich in history with its historic bathhouses and vibrant downtown area.
Current Market Conditions in Hot Springs National, AR
The real estate market in Hot Springs National is currently experiencing increased interest, especially from buyers looking for vacation homes and investment properties. The combination of natural beauty and historical significance makes it an attractive area for those seeking a peaceful retreat. In recent months, sales have accelerated, and homes are on the market for shorter periods due to the attractiveness of the location combined with relatively affordable prices compared to other hot spring destinations around the country.
As tourism rises in Hot Springs National, so do property values. The demand for homes near the national park is making it a competitive market, with prices expected to continue increasing as interest in outdoor recreation remains high. Investors are increasingly inclined to purchase properties for rentals, especially as the area sees a surge in visitors looking for unique lodging options.
Home Value Estimator For Hot Springs National, AR
There are currently 12 real estate properties
in Hot Springs National, AR,
with a median automated valuation model (AVM) price
of $255,619.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hot Springs National, AR, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Hot Springs National, AR,
is $275,739.00, with the most expensive house
in Hot Springs National, AR, topping out
at $822,800.00 and the cheapest home
in Hot Springs National, AR,
clocking in at $60,340.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hot Springs National, AR!
Rent Prices
In Hot Springs National, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hot Springs National, AR, is on
a rollercoaster ride. The
average rent price in Hot Springs National, AR,
is $1,039.00. Indeed, when looking to rent in
Hot Springs National, AR, you can expect to pay as little
as $600.00 or as much
as $1,900.00,
with the average rent median estimated to
be $830.00. The good news is that finding
an affordable and desirable property to rent in Hot Springs National, AR
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
