Hot Springs Village, AR Real Estate & Homes For Sale | RE/MAX (2024)

FAQs

Why is Hot Springs Village so cheap? ›

Affordable homes are just one reason the cost of living in Hot Springs Village is so low. People who live here pay much lower property taxes than they did in big cities, and Social Security, Military pensions, inheritances and estates and railroad retirement benefits are not subject to Arkansas state income tax.

Hot Springs Village has an overall crime rate of 12 per 1,000 residents, making the crime rate here near the average for all cities and towns of all sizes in America. According to our analysis of FBI crime data, your chance of becoming a victim of crime in Hot Springs Village is 1 in 84.

Spanning 26,000 acres of the Ouachita Mountains, Hot Springs Village is the largest gated community in North America.

While not an exclusively an age-restricted community, Hot Springs Village caters to buyers who are in search of a entertaining, active lifestyle.

Hot Springs Village is 20 minutes north on scenic Highway 7 from Hot Springs, Arkansas, and only 55 minutes west of Little Rock.

Arkansas is a predominantly rural state, with much of its economy based on agriculture, forestry, and mining. This means that there is less demand for land for commercial or residential purposes, which can also contribute to lower land prices.

Living in Hot Springs Village offers residents a rural feel and most residents own their homes. Many retirees live in Hot Springs Village and residents tend to be conservative. The public schools in Hot Springs Village are above average.

Hot Springs's housing expenses are 17% lower than the national average and the utility prices are 1% higher than the national average. Transportation expenses like bus fares and gas prices are 11% lower than the national average. Hot Springs has grocery prices that are 3% lower than the national average.

While not an exclusively 55+ community, Hot Springs Village caters to active adults who are in search of a fun, active lifestyle.