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

Written by:
November 23, 2022
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 September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 7 cities and towns with data available were included in the list.

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1 / 7
Stacker

#7. Mountain Pine, Mountain Pine

- 1-year price change: +$22,780 (+21.9%)
- 5-year price change: +$57,321 (+82.4%)
- Typical home value: $126,877 (#7 most expensive city in metro)
2 / 7
Stacker

#6. Bonnerdale, Bonnerdale

- 1-year price change: +$28,004 (+15.2%)
- 5-year price change: +$80,028 (+60.7%)
- Typical home value: $211,879 (#5 most expensive city in metro)
3 / 7
Stacker

#5. Jessieville, Jessieville

- 1-year price change: +$28,672 (+24.2%)
- 5-year price change: +$61,322 (+71.3%)
- Typical home value: $147,340 (#6 most expensive city in metro)
4 / 7
Stacker

#4. Pearcy, Pearcy

- 1-year price change: +$31,228 (+13.8%)
- 5-year price change: +$102,646 (+66.2%)
- Typical home value: $257,656 (#3 most expensive city in metro)
5 / 7
Stacker

#3. Royal, Royal

- 1-year price change: +$31,744 (+12.8%)
- 5-year price change: +$116,139 (+71.1%)
- Typical home value: $279,411 (#2 most expensive city in metro)

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6 / 7
Stacker

#2. Hot Springs, Hot Springs

- 1-year price change: +$34,211 (+16.6%)
- 5-year price change: +$102,259 (+73.7%)
- Typical home value: $240,921 (#4 most expensive city in metro)
7 / 7
Stacker

#1. Hot Springs Village, Hot Springs Village

- 1-year price change: +$47,757 (+19.6%)
- 5-year price change: +$120,299 (+70.4%)
- Typical home value: $291,167 (#1 most expensive city in metro)

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