Rent-to-Own Homes in Hot Springs, AR: What You Need to Know
Hot Springs is a resort town in the heart of Arkansas. Its namesake natural hot springs and the beautiful mountains surrounding them attract tourists looking to experience its beauty. By day, there’s endless nature to explore, and by night the town buzzes with energy.
Homes are affordable in Hot Springs, at a median value of $126,468. Homeownership is evenly split, with 51% of the population owning their properties and 49% renting. You’ll mostly find 2-3 bedroom single-family homes of varying decades in the area. 15% of households are from 1939 or before, 37% are from 1940-1969, 35.7% are from 1970-1999, and 11.8% are from 2000 or later.
Know Your Neighborhoods
Life in Hot Springs can vary significantly based on which zone you’re in. The heart of the city, Central Avenue Historic District, is always alive with action. If you want a more relaxed atmosphere, try Euclid Heights, an affordable suburb on the east side of the city. At the edge of town tucked away from the tourist chaos are Lake Hamilton and Rockwell, two neighborhoods by the river. Water views come at a cost, however – these are the two priciest areas in town.
After taking a dip in the springs at one of the historic bathhouses of Bathhouse Row, you can soak in the views at the Mountain Tower. Though Hot Springs National Park is the main attraction, it’s not the only one. Another beautiful area to visit is Garvan Woodland Gardens, a 210-acre botanical garden along the river. A short drive away is Lake Catherine State Park, providing its own set of hiking trails to explore.
Things to Do in Town
Natural beauty aside, there’s plenty more to see and do in Hot Springs. Magic Springs Amusement Park, Tiny Town, and Funtrackers Park are just a few of the many family-friendly spots in town. Adults will enjoy the Oaklawn Racing Casino Resort and the Winery of Hot Springs. There are also several museums, an alligator petting zoo, and a mini-golf park to visit. Needless to say, you won’t get bored living in this Arkansas town.
Live horse races to watch and bet on occur every weekend. Otherwise, many locals enjoy fishing and boating at the river. Recreational sports leagues are also available for interested residents.