Hot Springs-Malvern, AR

The Hot Springs-Malvern, AR CSA is located in the Ouachita Mountains and is known for its hot springs, spas, and casinos. The CSA has a population of approximately 250,000 people and an area of 1,856 square miles. The median home value in the CSA is $144,900, which is lower than the national median home value of $181,500. The median rent in the CSA is $850 per month, which is also lower than the national median rent of $1,000 per month.

There are several factors that contribute to the housing market trends in the Hot Springs-Malvern, AR CSA. One factor is that the CSA has a large number of retirees. According to the 2010 Census, 22.6% of the population in the CSA was over the age of 65. This demographic tends to prefer single-level homes that are easy to maintain. Another factor affecting housing market trends in the CSA is that it is located in a rural area. This means that there are not as many job opportunities available, which can make it difficult for people to afford a home. Additionally, many people who live in rural areas tend to prefer larger homes with more land because they want more privacy and space.