Real Estate Investing in Hot Springs, Arkansas (71913)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 71913 (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: 18.4% of homes vacant — above national norms.
What’s happening in Hot Springs, AR (71913)?
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Market Analysis: 71913 Hot Springs
The 71913 ZIP covers a section of Hot Springs that demands careful diligence. Prices near $263K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 71913 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Hot Springs have seen price recovery that 71913 has not matched. Garland County data supports the view that the spread is structural rather than temporary.
The demographic picture in 71913 includes headwinds that any investor should price in. Income distribution skews lower than Hot Springs averages, and tenant stability requires active management.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Hot Springs:
Property Strategy for 71913
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $174,824 | $860 | 3.5% | +8.6% | $174,824 |
| 2BR | $215,930 | $1,130 | 3.8% | +9.3% | $107,965 |
| 3BR | $270,519 | $1,440 | 3.8% | +8.7% | $90,173 |
| 4BR | $457,997 | $1,730 | 2.7% | +8.6% | $114,499 |
| 5BR | $770,266 | — | — | +10.1% | $154,053 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 71913 Compare?
| Metric | 71913 | Hot Springs | Hot Springs, AR | Arkansas |
|---|---|---|---|---|
| Home Value | $262,611 | $79,053 | N/A | $216,341 |
| 5-Year CAGR | 4.8% | 4.9% | N/A | 5.7% |
| Avg Rent | $1,344 | $1,193 | N/A | - |
| Cap Rate | 4.0% | 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 71913 (Hot Springs, AR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $262,611 |
| Monthly Rent | $1,344 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | -7.2% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 71913
Population: 46,853
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 71913
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 1,315 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Hot Springs, AR?
In Hot Springs, AR the median home value sits at $263K. Against the broader AR market, that reads as reasonable for most investors.
Are renters plentiful in Hot Springs, AR?
Hot Springs, AR draws a predictable base of working renters. Demand at the $1,344/mo rent level is reasonable for standard single-family and small multi rentals.
Are rents high in Hot Springs, AR?
Hot Springs, AR rentals go for roughly $1,344/mo a month. That puts gross yield in solid territory relative to $263K acquisition costs.
Is house hacking profitable in Hot Springs, AR?
House hacking in Hot Springs, AR is reasonable to execute. Prices around $263K and rents of $1,344/mo solid owner-occupant economics.
Is Hot Springs, AR better for rentals, flips, or BRRRR?
Hot Springs, AR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($263K prices, $1,344/mo rents) make it a reasonable choice.
You know 71913 now. You don’t know where it ranks.
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How 71913 ranks in Hot Springs, AR
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