Affordable & Income-Based Housing in Hot Springs

Affordability in Hot Springs

According to Census ACS 5-Year data (2024), the median gross rent in Hot Springs is $897 per month and the median household income is $66,338 per year. Renters make up 38% of occupied households in the city.

Safety

According to FBI Crime Data Explorer, the Hot Springs Police Department reported a violent crime rate of 190 per 100,000 residents in 2024. Crime rates vary based on local reporting practices and population size, so they are not directly comparable across cities.

All 3 HUD-assisted properties in Hot Springs have been mapped for flood risk, and none fall in a high-risk flood zone.

Getting Around Hot Springs

According to Walk Score, the area around assisted properties in Hot Springs has a Walk Score of 49 (Car-Dependent) and a Bike Score of 18. Most errands and trips will likely require a car. No Transit Score is available for this area.

Schools

According to NCES Common Core of Data, 3 schools across 1 district serve Hot Springs, including 1 elementary, 1 middle, and 1 high school. Ratings vary by school and district, so renters should check the assigned schools for a specific address.

Cost of Living

The median household income in Hot Springs is $66,338 per year, according to Census ACS 5-Year estimates. The median asking rent is $897 per month, also per Census ACS 5-Year data.

Affordable and income-based housing in Hot Springs spans 113 units across 3 properties, providing options for renters who qualify based on income limits set by HUD or the LIHTC program.

Environment

All 3 assisted properties in Hot Springs have been mapped for flood risk, and none fall within a high-risk flood zone. Flood exposure for assisted housing here is low based on available FEMA flood map data.