Cities with the fastest growing home prices in Hot Springs metro area

Written by:
January 19, 2023
Volodymyr Kyrylyuk // Shutterstock

Cities with the fastest growing home prices in Hot Springs metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Hot Springs, AR metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 7 cities and towns with data available were included in the list.

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1 / 7
Stacker

#7. Pearcy, AR

- 1-year price change: +$25,172 (+10.7%)
- 5-year price change: +$106,268 (+69.0%)
- Typical home value: $260,240 (#3 most expensive city in metro)
2 / 7
Stacker

#6. Mountain Pine, AR

- 1-year price change: +$26,075 (+24.9%)
- 5-year price change: +$61,999 (+90.3%)
- Typical home value: $130,622 (#7 most expensive city in metro)
3 / 7
Stacker

#5. Jessieville, AR

- 1-year price change: +$27,172 (+21.2%)
- 5-year price change: +$70,582 (+83.2%)
- Typical home value: $155,420 (#6 most expensive city in metro)
4 / 7
Stacker

#4. Hot Springs, AR

- 1-year price change: +$28,129 (+13.2%)
- 5-year price change: +$102,543 (+73.6%)
- Typical home value: $241,960 (#4 most expensive city in metro)
5 / 7
Stacker

#3. Bonnerdale, AR

- 1-year price change: +$30,507 (+15.4%)
- 5-year price change: +$91,203 (+66.2%)
- Typical home value: $228,872 (#5 most expensive city in metro)

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6 / 7
Stacker

#2. Royal, AR

- 1-year price change: +$32,441 (+12.6%)
- 5-year price change: +$123,458 (+74.0%)
- Typical home value: $290,376 (#1 most expensive city in metro)
7 / 7
Stacker

#1. Hot Springs Village, AR

- 1-year price change: +$35,679 (+14.0%)
- 5-year price change: +$117,477 (+68.1%)
- Typical home value: $289,921 (#2 most expensive city in metro)

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