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City · 16,327 residents · Saline County, Arkansas

Hot Springs Village , Arkansas

In Hot Springs Village, a typical home is worth $272,000 and typical rent is $1,209 a month. Compared with all of Saline County, the typical home value is 23% higher, typical rent is 17% higher, and the share of households that own their home is 9 points higher.

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  • Typical home value

    $272,000

    23% above the county

    45% above Arkansas

    • Hot Springs Village
    • Saline
    • Arkansas

  • Typical rent

    $1,209a month

    17% above the county

    28% above Arkansas

    • Hot Springs Village
    • Saline
    • Arkansas

  • Typical household income

    $75,370a year

    5% below the county

    24% above Arkansas

    • Hot Springs Village
    • Saline
    • Arkansas

  • Households that own their home

    88%

    9 points above the county

    21 points above Arkansas

    • Hot Springs Village
    • Saline
    • Arkansas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$306,048
2.2% more than 12 months ago
Typical rent
$1,452 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Hot Springs Village is in Saline County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Saline County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Hot Springs Village apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Malvern, the typical home value is $104,500: 62% less than in Hot Springs Village ($272,000).

  2. Hot Springs Village has the 3rd highest homeownership rate of the 71 cities in Arkansas with more than 5,000 people (88%).

  3. Nearby, in Malvern, the typical rent is $764: 37% less than in Hot Springs Village ($1,209).

  4. The typical home in Hot Springs Village is worth $272,000, 23% more than in Saline County as a whole ($221,200).

  5. The typical rent in Hot Springs Village is $1,209 a month, 17% more than in Saline County as a whole ($1,033).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Hot Springs Village

What homes there are in Hot Springs Village, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 86% of homes here, against 76% in Saline County.

Year built

The typical year built in Hot Springs Village is 1994, about the same as in Saline County (1997).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Saline County is $541,287, and about 90% of owner-occupied homes in Hot Springs Village are worth less than that.

Monthly rent with utilities

With a mortgage

$1,452 a month

Saline County: $1,448 a month

Without a mortgage

$538 a month

Saline County: $465 a month

Owners with a mortgage

43%

Saline County: 60%

Owning costs about the same in Hot Springs Village as in Saline County: with a mortgage, $1,452 a month; without one, $538.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The Census does not compare Hot Springs Village with 2015–2019 because its boundaries changed. In Saline County, over that time, the typical home value rose 41%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHot Springs VillageSaline CountyArkansasUnited States
Rental vacancy Unreliable estimate5.4%6.4%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate2.1%2.7%3.4%
People per household 1.942.512.462.53
Drive alone 75%79%79%69%
Carpool 6%9%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 18%10%9%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes10 to 19 minutes20 to 29 minutes

Households in Hot Springs Village are smaller: 1.94 people on average; in Saline County, 2.51.

Many people here do not commute at all: 18% work from home; in Saline County, 10%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Hot Springs Village?

A typical home is tight for the typical income

We start with a typical home in Hot Springs Village, worth $272,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Hot Springs Village, which is $75,370 a year. For that payment to be 28% of income, a household would need to earn about $92,409 a year.

The calculator's FHA and conventional loan limits are those of all of Saline County.

Your numbers

Local data
$

Starts at the typical home value in Hot Springs Village. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $9,520 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,156

at 7.18% · 30 years

Loan amount
$267,073
Total interest
$384,256
Paid off in
November 2056

Includes $4,593 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,759 a month

  • Tight

    $1,759 to $2,261 a month

    Your payment · 34%

  • Hard

    more than $2,261 a month

Compared with the typical household income in Hot Springs Village ($75,370 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,156
Principal & interest$1,809
Property tax$113
Home insurance$113
FHA mortgage insurance (MIP)$120

You need at least $9,520 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Hot Springs Village and Saline County

Hot Springs Village is in Saline County, Arkansas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Hot Springs Village's own numbers

Typical home value
$272,000
Typical monthly rent
$1,209
Typical yearly household income
$75,370
Households that own their home
88%
Effective property tax rate
0.5%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Saline County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,121
Price change over 5 years (FHFA)
+43%
Homes in a high flood-risk zone
1.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Saline County.

Everything about Saline County

Buying

Buying a home in Hot Springs Village

A typical home in Hot Springs Village is worth $272,000: 23% above the county and 45% above Arkansas. With the typical household income in Hot Springs Village ($75,370 a year), a typical home costs 3.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Hot Springs Village 3.6 years
  • Saline 2.8 years
  • Arkansas 3.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Saline County

According to FHFA’s house price index, home prices in Saline County rose 61% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Saline County.

Period County Arkansas U.S.
Last year (2025) +2.2% +3.4% +2.9%
5 years (2020–2025) +43% +52% +47%
10 years (2015–2025) +61% +79% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Hot Springs Village next to Saline County, Arkansas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Hot Springs Village $272,000
  • Saline $221,200
  • Arkansas $188,000
  • United States $332,700
Typical monthly rent
  • Hot Springs Village $1,209
  • Saline $1,033
  • Arkansas $947
  • United States $1,413
Typical yearly household income
  • Hot Springs Village $75,370
  • Saline $79,046
  • Arkansas $60,773
  • United States $80,734
See the full table
Hot Springs Village next to Saline County and Arkansas
Measure Hot Springs Village Saline County Arkansas U.S.
Typical home value $272,000 $221,200 $188,000 $332,700
Typical monthly rent $1,209 $1,033 $947 $1,413
Typical yearly household income $75,370 $79,046 $60,773 $80,734
Households that own their home 88% 78% 66% 65%
Typical yearly property tax $1,367 $1,367 $1,040 $3,119
Effective property tax rate 0.5% 0.62% 0.55% 0.94%
Renters with high rent for their income 49% 37% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Saline County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Hot Springs Village

For a typical $272,000 home in Hot Springs Village, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Hot Springs Village's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,156a month

    Least cash to close
    Down payment
    $9,520
    Cash to close
    $17,680
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $120

  • Conventional, 5% down $2,106a month

    Down payment
    $13,600
    Cash to close
    $21,760
    Rate
    7.18%
    Mortgage insurance
    PMI · $129

  • Conventional, 20% down, no PMI $1,701a month

    Down payment
    $54,400
    Cash to close
    $62,560
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,952a month

    Down payment
    $40,800
    Cash to close
    $48,960
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Hot Springs Village and for Saline County.

Property tax

Effective rate in Hot Springs Village

0.5%of the home’s value each year

$1,367 a year for the typical owner in Hot Springs Village.

  • Hot Springs Village 0.5%
  • Saline 0.62%
  • Arkansas 0.55%

What Arkansas publishes Homestead property tax credit (Arkansas General Assembly (Act 174 of the 2026 Fiscal Session))

Exemptions and deadlines in Arkansas

Flood risk in Saline County

FEMA does not publish these numbers by city: they are for all of Saline County.

Homes in the high-risk zone
1.4%
651
Of those, with NFIP insurance
22%
County Arkansas U.S.
Homes in the high-risk zone 1.4% 3.4% 3.5%
Of those, with NFIP insurance 22% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Hot Springs Village

Typical rent in Hot Springs Village is $1,209 a month: 17% above the county. In Hot Springs Village, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Saline County, by unit size. To pay the 2-bedroom one ($1,121 a month) without spending more than 30% of your income, you would need to earn $21.56 an hour working full time.

HUD fair market rent for all of Saline County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $964 $18.54 $38,560
1 bedroom $969 $18.63 $38,760
2 bedrooms $1,121 $21.56 $44,840
3 bedrooms $1,504 $28.92 $60,160
4 bedrooms $1,810 $34.81 $72,400

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Hot Springs Village

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hot Springs Village is in ZIP code 71909.

For 2 bedrooms it is $1,300: $179 more than the fair market rent for Saline County ($1,121).

  • 71909 $1,300$1,690

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Hot Springs Village when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Hot Springs Village

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Saline County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Hot Springs Village

No down payment, repair or rent-help program on our list is for Hot Springs Village or Saline County. The ones below are statewide in Arkansas: they work in Hot Springs Village the same as in the rest of the state.

Which programs do I qualify for? All programs in Arkansas

  • ADFA Down Payment Assistance Loan Program

    Statewide in Arkansas

    Arkansas state authority second mortgage of $1,000 to $15,000 for the down payment and closing costs, over 10 years and at the same rate as the ADFA first mortgage (Move-Up or StartSmart). Offered by Arkansas Development Finance Authority (ADFA).

    Repayable

    See the program Official page

Housing counselors near Hot Springs Village

The HUD-approved agencies closest to the center of Hot Springs Village, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Southern Bancorp Community Partners

    206 Airport Rd, Hot Springs · 14 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    501-406-6000-2863

  • In Affordable Housing, Incorporated

    3224 Shackleford Pass, Little Rock · 33 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 4 more
    (501) 221-2203

  • NSC (naca Counseling Subsidiary) - Little Rock, AR

    1501 N University Ave Ste 680, Little Rock · 36 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (501) 492-0083

All counseling agencies in Arkansas

Help in Spanish near Hot Springs Village

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Hot Springs Village

In HUD’s record, no housing authority with an office in Saline County is named for Hot Springs Village or Saline County.

One other authority has an office in Saline County: see the list Source: HUD

Cities

Other cities in Saline County

These cities are also in Saline County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Saline County Housing in Arkansas

Nearby cities

The cities closest to Hot Springs Village, with the typical home value.

Neighboring counties

If Saline County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Hot Springs Village.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about Hot Springs Village

Short answers with the numbers for Hot Springs Village and all of Saline County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Hot Springs Village?

The typical home value in Hot Springs Village is $272,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Saline County it is $221,200.

How much does it cost to rent in Hot Springs Village?

Typical rent in Hot Springs Village is $1,209 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Saline County is $1,121.

What is the FHA loan limit in Hot Springs Village?

Hot Springs Village uses the FHA limit for all of Saline County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Hot Springs Village?

The typical homeowner in Hot Springs Village pays $1,367 a year, according to the U.S. Census Bureau. That is 0.5% of the home’s value; in Saline County, the rate is 0.62%.

Where can I find free help to buy or rent in Hot Springs Village?

We found no HUD-approved counseling agencies with an office in Saline County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).