Market report

Hot Springs, AR short-term rental market report (2026)

Garland County, Arkansas. Rules, revenue, home values, demand, climate, reach and risk, each figure with its source.

33/100 Opportunity Score partial
  • RulesStrict (4/5)
  • 4-BR typical value$416K
  • FEMA riskRelatively Moderate
  • Demand drivers within 50 mi1
  • People within 300 mi25.3 million
  • ClimateFour-season
Data as of September 21, 2026 County figures: Garland County

Everything STR HUB holds on Hot Springs, AR in one place, in the order an investor needs it: whether you can operate, what the numbers are, why and when people come, who can reach it, and what could go wrong.

Every figure comes from a named dataset listed under Sources and method, dated September 21, 2026. Where we do not hold a figure, that part of the report is left out rather than estimated. The Opportunity Score here is partial: it was calculated without revenue data, with the cash-flow component assumed to be below average, so it can understate the market.

Can you operate in Hot Springs?

4/5 Strict

Hot Springs's short-term rental rules rate 4 out of 5 (Strict), on a scale from 1 (relaxed) to 5 (very strict). This rating was derived from the regulation text we hold and has not yet been reviewed by a person (evidence confidence: high). Treat it as provisional.

What the rating rests on: Hot Springs limits STR licenses in its residential zones (RR, RS, RN-1 through RN-6) to 400 citywide.

Rules change, and a city rating does not cover HOA or deed restrictions. Confirm current requirements with the jurisdiction before you buy or list.

Which way the rules are moving

Stable. The rules we hold report no recent or pending change.

The city reached that cap, and no new residential-zone licenses are available; those already above the cap may continue renewing.

Classified from the regulation text we publish; a direction is only kept when the sentence it rests on appears word for word in that text.

The numbers

We have not verified revenue figures for this market yet.

Home values in Garland County

Typical 4-bedroom home
$415,961
Arkansas statewide: $377K
Typical home, all sizes
$247,230
Arkansas statewide: $227K
One-year change, all homes
+0.5%
Arkansas statewide: +3.6%

Zillow Home Value Index: county-wide typical values for Garland County, not list prices. A specific property can sit well above or below them.

What it costs to own

Effective property tax rate
0.53%
county median taxes paid divided by median home value, owner-occupied homes
Estimated annual tax, typical 4BR
$2,188
county effective rate times the typical 4-bedroom value; not a bill
Estimated annual tax, typical home
$1,300
county effective rate times the typical home value; not a bill
Expected annual hazard loss
$185
per $100,000 of building value (FEMA, county average); not an insurance premium

Screening figures, not a bill or a quote. The tax rate is a county-wide median for owner-occupied homes (U.S. Census Bureau, ACS 2018-2022); second homes and rentals are often taxed more heavily, and a purchase usually resets the assessed value. Expected annual loss is from the FEMA National Risk Index.

Housing market momentum

Momentum
Steady
score 63 of 100, relative to the other tracked markets

County-level, for-sale housing market: it says nothing directly about STR bookings. A relative ranking among tracked markets, not a forecast. Sources: Realtor.com Economic Research, U.S. Census Bureau, Zillow Home Value Index.

Why people come

One demand driver sits within 50 miles of Hot Springs. Ordered by published attendance. Attendance appears only where a source publishes it.

Parks and public lands

  • Hot Springs National Park
    national park · Hot Springs, AR · 1 mi from Hot Springs
    When
    Year-round; peaks June, July, August (by recreation-visit volume, 2025).
    Attendance
    2,494,611 (NPS recreation visits, full calendar year 2025)
    STR angle
    Unusual urban-embedded park; drives historic-downtown hotel/STR demand in Hot Springs rather than a cabin market.

When they come

Four-season climate: comfortable months are spread across the year without one dominant season. 7 of 12 months have an average high between 60°F and 88°F. Warmest month: July (average high 91°F). Coldest: January (average low 35°F).

  1. Jan52°35°Cool
  2. Feb54°36°Cool
  3. Mar64°45°Comfortable
  4. Apr70°51°Comfortable
  5. May79°61°Comfortable
  6. Jun87°69°Comfortable
  7. Jul91°74°Hot
  8. Aug91°73°Hot
  9. Sep87°68°Comfortable
  10. Oct74°56°Comfortable
  11. Nov62°43°Comfortable
  12. Dec57°40°Cool
Monthly climate normals for Hot Springs, AR
MonthJanFebMarAprMayJunJulAugSepOctNovDec
Average high (°F)525464707987919187746257
Average low (°F)353645516169747368564340
Precipitation (in)5.55.96.55.85.44.53.93.52.54.13.44.5
Snowfall (in)1.11.70.50.00.00.00.00.00.00.00.00.3
Sunshine (hours a day)6.46.17.69.010.411.912.011.410.78.88.06.5

This is climate and events, not booking data. Monthly normals are 2019-2023 averages from the Open-Meteo Historical Weather API (ERA5 reanalysis) at the market pin. We do not hold monthly occupancy or rate data for this market.

Who can reach it

People within 150 miles
4.0 million
roughly a 2.5 to 3 hour drive
People within 300 miles
25.3 million
roughly a 5 hour drive

Largest counties within 150 miles

Largest counties by population within 150 miles of Hot Springs, AR
CountyPopulation
Pulaski County, AR398,322
Benton County, AR286,528
Washington County, AR247,331

County populations (U.S. Census Bureau, ACS 2018-2022) summed for every county whose centre lies within each straight-line radius. Straight lines are shorter than roads, so read these as generous upper bounds, not drive-time counts.

What could go wrong

FEMA National Risk Index
Relatively Moderate
overall rating for Garland County
Risk score
89.3
of 100, a national percentile: higher means more risk than more U.S. counties
Highest-scoring hazards
Tornado, Hail
of the hazards we track for Garland County
FEMA National Risk Index hazard ratings for Garland County
HazardFEMA ratingScore (0-100)
TornadoRelatively High96.4
HailRelatively High95.4
Winter weatherRelatively High91.0
River floodingRelatively Moderate90.1
EarthquakeRelatively Low89.2
WildfireRelatively Low72.9
HurricaneRelatively Low62.1

This is a county-level index, not an insurance quote or a flood-zone determination. A coastal or wildfire-fringe rental can carry far more exposure than its county average suggests. FEMA does not model coastal flooding for this county, which is not the same as zero risk. Get property-level flood, wind and wildfire quotes before you buy.

Market context

Housing and jobs in Garland County

Vacation-home share
8.4%
Arkansas statewide: 3.6%
Homes with 4+ bedrooms
13.7%
Arkansas statewide: 16.5%
Jobs in tourism industries
13.4%
Arkansas statewide: 7.9%

U.S. Census Bureau, American Community Survey 2018-2022. Vacation-home share is housing units held for seasonal, recreational or occasional use. All three describe the whole county, not one town or neighbourhood.

What is within 15 km of the Hot Springs pin

Amenity score
52
of 100, relative to the other tracked markets
Restaurants, cafes and bars
35
Attractions
15
Outdoor features
40
Hotels, motels and resorts
32
competing lodging, not counted in the amenity score

Counts of features mapped in OpenStreetMap within 15 km of the market pin. A fixed radius favours dense metros, and map coverage varies by area.

Similar markets

The 4 tracked markets whose numbers sit closest to Hot Springs's. Each links to its own report.

Closest by normalised distance across the figures both markets hold (typical 4BR value, revenue, occupancy, regulation rating, vacation-home share, tourism job share, 4+ bedroom share, amenity score, population within 300 miles, comfortable months and FEMA risk score). At most 2 of the 4 come from Arkansas, so the list is not just the neighbours. Similar numbers do not mean similar rules: check each market's regulation section.

See Hot Springs on the map

Open Hot Springs on the National STR Map to see it against its neighbours, switch overlays and run the deal calculator on your own assumptions.

Hot Springs STR questions, answered from the data

Is Airbnb legal in Hot Springs?

STR HUB rates Hot Springs's short-term rental rules 4/5 (Strict) on a scale from 1 (relaxed) to 5 (very strict). That rating was derived from the regulation text we hold and has not yet been reviewed by a person. Rules change, so confirm current requirements with the local jurisdiction before you buy or list.

How much does a 4-bedroom home cost in Hot Springs?

The typical 4-bedroom home in Garland County is valued at $415,961 (Zillow Home Value Index), and the typical home of any size at $247,230, with all-home values up 0.5% over the past year. These are county-wide typical values, not list prices.

What brings visitors to Hot Springs?

One demand driver sits within 50 miles of Hot Springs: Hot Springs National Park (2,494,611 published attendance). Attendance is shown only where a source publishes it, and each driver's source is linked in the report.

What natural hazards affect Hot Springs?

FEMA's National Risk Index rates Garland County "Relatively Moderate" overall, with a score of 89.3 out of 100 (a national percentile). The highest-scoring hazards we track there are tornado and hail. It is a county-wide index, not an insurance quote or a flood-zone determination.

When is the weather best in Hot Springs?

7 of 12 months have an average high between 60°F and 88°F (March, April, May, June, September, October and November). Four-season climate: comfortable months are spread across the year without one dominant season. These are 2019-2023 climate normals, not booking data.

Sources and method

  • Regulation summary and strictness rating: STR Agent HUB regulation research.
  • Home values: Zillow Home Value Index (ZHVI), county level. Data provided by Zillow Group.
  • Housing, employment and population figures: U.S. Census Bureau, American Community Survey (ACS) 5-year estimates, 2018-2022.
  • Natural hazard risk: FEMA National Risk Index, county level.
  • Amenity counts: © OpenStreetMap contributors.
  • Climate normals: Open-Meteo Historical Weather API (CC BY 4.0), 2019-2023 averages.
  • Park visitation: National Park Service, NPS Visitor Use Statistics.
  • Demand drivers: each entry links its own published source in the list above.

Figures come from the STR HUB national dataset dated September 21, 2026 and this page is regenerated whenever that dataset is rebuilt. County-level figures describe Garland County as a whole, not one street or neighbourhood. The Opportunity Score (0-100) is a screening heuristic that weighs revenue (35%), regulatory climate (25%), tourism employment (15%), nearby amenities (15%) and large-home supply (10%) relative to the other tracked markets.

Confirm before you act. Short-term rental rules change. Confirm current requirements with the jurisdiction, and work with a licensed local agent who knows which properties can legally operate. This report is screening data, not investment, legal or tax advice.

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