Commercial Real Estate Market in Hot Springs Village, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
496 active listings and 358 off-market properties in Hot Springs Village, AR.
Market Trends
Hot Springs Village, AR spans 79.3 square miles in Garland County, Arkansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hot Springs Village, AR asks $169/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Hot Springs Village, AR asks $89/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hot Springs Village, AR runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Hot Springs Village, AR asks $178/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Hot Springs Village, AR has 17,935 residents in 10,563 households. Density runs 226 people per square mile. Median household income here is $69,171 and median gross rent $1,143 a month.
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Jessieville | — | — |
| Blue Springs | — | — |
| Pleasant Hill | — | — |
| Fountain Lake | — | — |
Commercial property in Hot Springs Village, AR asks $175/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hot Springs Village?
Commercial property in Hot Springs Village, AR asks an average of $175 per square foot. The 4 most recent recorded sales traded at a median of $147/SF, so asking sits 19% above the achieved median. Multifamily carries the highest asking price at $178/SF.
Where does Realmo's Hot Springs Village market data come from?
Realmo compiles Hot Springs Village, AR figures from 6 recent recorded sales, 495 active sale listings, 1 active lease listings, 358 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 495 active for-sale and 1 active for-lease listings in Hot Springs Village, AR. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
