Cost of Living in Hot Spring County, Arkansas

$763/mo
Median Monthly Rent
$127,900
Median Home Value
0% above state averageUnaffordable

At a Glance

Median Monthly Rent
$763/mo
0% above state average
Median Home Value
$127,900
55% below national
Rent-to-Income Ratio
24.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Hot Spring County Compares

Median monthly rent comparison

Hot Spring County$763/mo
Arkansas Average$760/mo
National Median$1,163/mo

Detailed Housing Stats

$763/mo
Median Gross Rent
$127,900
Median Home Value
$666/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Hot Spring County, Arkansas

Hot Spring County offers below-average housing burden

At 17.4%, Hot Spring County's rent-to-income ratio sits comfortably below the national threshold, giving renters here an advantage compared to typical U.S. households. The median household income of $52,644 trails the national average of $74,755, yet median rent of $763 per month ranks as one of the region's most affordable options.

Hot Spring beats Arkansas's affordability average

With a rent-to-income ratio of 17.4%, Hot Spring County outperforms the state average of 18.1%, placing it in the more affordable half of Arkansas counties. This edge reflects the county's low rental market relative to household incomes.

Hot Spring offers some of the region's cheapest rents

At $763 per month, Hot Spring's median rent ranks lowest in this county cluster, undercutting Grant ($779), Independence ($814), and Garland ($942) by meaningful margins. Home values ($127,900) also remain moderate, making Hot Spring attractive to budget-conscious households.

Hot Spring housing costs align with household income

Renters in Hot Spring County dedicate 17.4% of their $52,644 median income—$763 per month—to housing, a sustainable ratio that leaves room for other priorities. Homeowners pay $666 monthly on properties worth $127,900, with both groups enjoying balanced relationships between income and shelter costs.

Hot Spring County delivers rural affordability

Hot Spring County combines some of the region's lowest rents with moderate home values and a below-average housing burden, making it ideal for families prioritizing affordability. Review these metrics against your current location and other Arkansas options to gauge the financial impact of relocating here.

Affordability Calculator

See how your income compares to housing costs in Hot Spring County

$

Rent Burden

17.4%

of gross income

Max Housing (28% Rule)

$1,228

per month

Owner Cost Burden

15.2%

of gross income

You can likely afford the median home in Hot Spring County

Median home value is $127,900. Estimated monthly cost: $1,021 vs. your max of $1,228.

Rent Affordability Guide

Your rent-to-income ratio17.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Hot Spring County, Arkansas?
Hot Spring County, Arkansas has a median monthly rent of $763/mo and a median home value of $127,900. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Hot Spring County?
The median gross rent in Hot Spring County is $763/mo. This is 0% above state average for Arkansas.
Is Hot Spring County affordable?
Hot Spring County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Hot Spring County's rent compare to the state average?
Hot Spring County's median rent of $763/mo is 0% above state average of $760/mo for Arkansas.
What is the median home value in Hot Spring County?
The median home value in Hot Spring County, Arkansas is $127,900. This is 55% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.