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Real Estate Prices & Overview

Hot Springs Northeast median real estate price is $175,486, which is more expensive than 42.9% of the neighborhoods in Arkansas and 16.5% of the neighborhoods in the U.S.

The average rental price in Hot Springs Northeast is currently $2,025, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.1% of the neighborhoods in Arkansas.

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

Hot Springs Northeast real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Hot Springs Northeast neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Hot Springs Northeast. The current real estate vacancy rate here is 17.4%. This is higher than the rate of vacancies in 82.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (11.6%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

Single parenting is hard. But you don't have to tell the Hot Springs Northeast neighborhood about it; they already know. 30.8% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.6% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, neighborhoodScout's analysis shows that the Hot Springs Northeast neighborhood has a greater concentration of residents currently enrolled in college than 95.3% of the neighborhoods in the U.S. With 11.1% of the population here attending college, this is very much a college-focused neighborhood.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Hot Springs Northeast 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 79.9% of U.S. neighborhoods. With 20.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.9% of U.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 Northeast neighborhood, 36.1% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 30.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.5%), and 11.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Hot Springs Northeast neighborhood is English, spoken by 97.4% of households.

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 Northeast neighborhood in Hot Springs, AR, residents most commonly identify their ethnicity or ancestry as Irish (13.0%). There are also a number of people of Mexican ancestry (4.9%), and residents who report Spanish roots (4.7%), and some of the residents are also of English ancestry (4.3%), along with some German ancestry residents (2.9%), 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 Northeast neighborhood spend between 15 and 30 minutes commuting one-way to work (43.0% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (79.6%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (17.2%) . 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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Race & Ethnic Diversity
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Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
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Educational Expenditures

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