Cities with the most expensive homes in the Hot Springs metro area
Cities with the most expensive homes in the Hot Springs metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Hot Springs metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 7 cities and towns with data available were included in the list.
#7. Mountain Pine, AR
- Typical home value: $103,812
- 1-year price change: -2.0%
- 5-year price change: +55.7%
#6. Jessieville, AR
- Typical home value: $133,457
- 1-year price change: -0.3%
- 5-year price change: +47.7%
#5. Bonnerdale, AR
- Typical home value: $234,941
- 1-year price change: +12.9%
- 5-year price change: +63.0%
#4. Hot Springs, AR
- Typical home value: $236,035
- 1-year price change: +3.5%
- 5-year price change: +63.8%
#3. Pearcy, AR
- Typical home value: $251,279
- 1-year price change: +5.0%
- 5-year price change: +61.7%
#2. Royal, AR
- Typical home value: $275,026
- 1-year price change: +8.0%
- 5-year price change: +63.4%
#1. Hot Springs Village, AR
- Typical home value: $288,467
- 1-year price change: +2.8%
- 5-year price change: +61.3%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.