Real Estate Investing in Hot Springs, Arkansas (71901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 71901 (Hot Springs, AR)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.4% of homes vacant — above national norms.
What’s happening in Hot Springs, AR (71901)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 71901 Hot Springs
ZIP 71901 inside Garland County looks affordable on the surface — median value of $212K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 71901 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 71901's metrics run below Garland County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 71901 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 71901 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Hot Springs:
Property Strategy for 71901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $83,659 | $770 | 6.6% | +7.4% | $83,659 |
| 2BR | $117,085 | $1,000 | 6.1% | +8.1% | $58,542 |
| 3BR | $221,345 | $1,280 | 4.2% | +8.9% | $73,782 |
| 4BR | $379,907 | $1,530 | 2.9% | +8.3% | $94,977 |
| 5BR | $496,843 | — | — | +8.2% | $99,369 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 71901 Compare?
| Metric | 71901 | Hot Springs | Hot Springs, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $211,709 | $79,053 | N/A | $216,341 |
| 5-Year CAGR | 5.1% | 4.9% | N/A | 5.7% |
| Avg Rent | $1,041 | $1,193 | N/A | - |
| Cap Rate | 3.8% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 71901 (Hot Springs, AR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $211,709 |
| Monthly Rent | $1,041 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -5.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 71901
Population: 29,719
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 71901
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,329 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Hot Springs, AR?
In Hot Springs, AR the median home value sits at $212K. Against the broader AR market, that reads as reasonable for most investors.
What kind of tenants rent in Hot Springs, AR?
Hot Springs, AR offers a steady renter base at the $1,041/mo rent level. Tenant turnover is reasonable for well-managed properties.
Where do rents currently stand in Hot Springs, AR?
Investors in Hot Springs, AR typically see rents near $1,041/mo per month against $212K home values - a solid setup for rental cash flow.
Is Hot Springs, AR a friendly market for rental owners?
Hot Springs, AR falls under AR landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does house hacking work in Hot Springs, AR?
House hacking in Hot Springs, AR is reasonable to execute. Prices around $212K and rents of $1,041/mo solid owner-occupant economics.
You know 71901 now. You don’t know where it ranks.
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How 71901 ranks in Hot Springs, AR
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