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Real Estate Prices & Overview

Hot Springs East median real estate price is $176,904, which is more expensive than 38.8% of the neighborhoods in Arkansas and 19.3% of the neighborhoods in the U.S.

The average rental price in Hot Springs East is currently $1,412, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.7% of Arkansas neighborhoods.

Hot Springs East is a remote neighborhood (based on population density) located in Hot Springs, Arkansas.

Hot Springs East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Hot Springs East neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Hot Springs East. The current real estate vacancy rate here is 26.2%. This is higher than the rate of vacancies in 92.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Hot Springs, the Hot Springs East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

The Hot Springs East neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 51.4% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.1% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

People

Priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Hot Springs East neighborhood may actually hold the key. 71.2% of its residents are married, which is a higher percentage than is found in 97.2% of the neighborhoods in America.

Diversity

Did you know that the Hot Springs East neighborhood has more Irish and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 27.2% of this neighborhood's residents have Irish ancestry and 2.1% have British ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Hot Springs East neighborhood in Hot Springs are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 76.8% of U.S. neighborhoods. In addition, 0.8% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 79.5% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Hot Springs East neighborhood, 35.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 33.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.7%), and 14.2% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Hot Springs East neighborhood is English, spoken by 99.0% of households. Some people also speak Italian (2.6%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Hot Springs East neighborhood in Hot Springs, AR, residents most commonly identify their ethnicity or ancestry as Irish (27.2%). There are also a number of people of German ancestry (5.8%), and residents who report Mexican roots (3.6%), and some of the residents are also of Sub-Saharan African ancestry (2.1%), along with some British ancestry residents (2.1%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Hot Springs East neighborhood spend between 15 and 30 minutes commuting one-way to work (78.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (85.3%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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