Hot Spring County, Arkansas: commercial real estate data.
Hot Spring County, Arkansas has a population of 33,180 across 615 square miles, up 0.8 percent since the 2020 census base. County output reached $1.58 bn in 2024, 513 establishments operate here, and the SBA record carries 27 7(a) approvals worth $11.1 m.
107 sourced county values · tier FULL · 11 sections
Hot Spring County
How many people live in Hot Spring County
- Population33,180
- Households12,310
- Average household size2.70
- Median household income$55,405
- Median age43.1
- Median gross rent$768 per month
- Median owner-occupied home value$151,100
- Home value to household income2.7 times
- Annual rent as a share of median income16.6 percent
- Adults 25 and over with a bachelor degree or higher17.5 percent
- Adults 25 and over with a graduate degree6.7 percent
- Adults 25 and over24,053
- Population under 186,539
- Share under 1819.7 percent
- Population 65 and over6,653
- Share 65 and over20.1 percent
- Working age population, 18 to 6419,988
- Civilian labor force13,808
- Unemployment rate3.7 percent
- Labor force participation, adults 18 and over51.8 percent
- Rank by population among Arkansas counties22nd of 75
- Rank by population among US county-equivalents1389th
Hot Spring County is the 22nd largest of 75 Arkansas counties by population. A median home costs 2.7 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 20.1 percent against 19.7 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hot Spring County
Is Hot Spring County growing
- Population change since the 2020 census base0.82 percent
- Census 2020 base population33,043
- Births, 2024294
- Deaths, 2024497
- Natural change, 2024-203
- Net domestic migration, 2024262
- Net international migration, 2024-2
- Total net migration, 2024260
- Cumulative net domestic migration, 2021 to 20241,056
- Rank by growth among US county-equivalents1543rd
The county has grown 0.82 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Hot Spring County
Where people moving to Hot Spring County come from
- Tax returns filed by households arriving861
- People arriving, from those returns1,682
- Adjusted gross income arriving$39.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$45,857
- Largest single originHot Spring County Non-migrants (9,960 households)
- Largest single destination (9,960 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hot Spring County Non-migrants | 9,960 | 21,114 | $585.1 m |
| Other flows - Different State | 206 | 388 | $12.2 m |
| Garland County | 196 | 417 | $8.4 m |
| Other flows - Same State | 162 | 310 | $6.1 m |
| Saline County | 120 | 226 | $6.0 m |
| Other flows - South | 112 | 220 | $6.7 m |
| Clark County | 64 | 141 | $2.5 m |
| Other flows - West | 60 | 118 | $4.3 m |
The largest single source of arrivals is Hot Spring County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Hot Spring County
What the Hot Spring County economy runs on
- County GDP, 2024$1.58 bn
- County GDP, 2023$1.49 bn
- GDP change, 2023 to 20245.7 percent
- GDP change over five years50.4 percent
- Rank by GDP among Arkansas counties22nd
- Rank by GDP among US county-equivalents1472nd
- GDP per resident$47,583
Output grew 5.7 percent in the latest year and 50.4 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Hot Spring County
Who employs people in Hot Spring County
- Covered employment, annual average7,969
- Establishments reporting621
- Average annual pay$48,229
- Average weekly wage$927
- Sector 31-33, employment1,526
- Sector 31-33, average annual pay$63,933
- Sector 44-45, employment904
- Sector 44-45, average annual pay$32,113
- Sector 72, employment716
- Sector 72, average annual pay$21,789
- Sector 48-49, employment554
- Sector 48-49, average annual pay$62,750
- Sector 56, employment227
- Sector 23, employment193
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,526 | 24 | $63,933 |
| Sector 44-45 | 904 | 92 | $32,113 |
| Sector 72 | 716 | 56 | $21,789 |
| Sector 48-49 | 554 | 26 | $62,750 |
| Sector 56 | 227 | 24 | $37,124 |
| Sector 23 | 193 | 62 | $39,727 |
| Sector 52 | 177 | 39 | $58,322 |
| Sector 81 | 154 | 38 | $30,712 |
The largest sector is the biggest private employer group at 1,526 jobs, 19.1 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Hot Spring County
What businesses operate in Hot Spring County
- Establishments, all industries513
- Employment at those establishments5,761
- Annual payroll$270.0 m
- Establishments per 1,000 residents15.5
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Hot Spring County
What is being built in Hot Spring County
- Housing units authorised by permit, 20244
- Declared construction value permitted$1.1 m
- Single family units authorised4
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$286,548
- Units authorised per 1,000 households0.3
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Hot Spring County
How much SBA lending happens in Hot Spring County
- 7(a) approvals recorded27
- 7(a) gross approval dollars$11.1 m
- Average 7(a) approval$412,522
- Median 7(a) approval$62,900
- 10th percentile approval$20,000
- 90th percentile approval$2,059,000
- Largest single approval$2,475,000
- Jobs reported supported, 7(a)484
- Jobs per approval17.9
- Distinct 7(a) lenders active7
- Distinct industries receiving approvals16
- Median 7(a) term96 months
- Share of loans on real estate terms, 240 months or longer25.9 percent
- Loans on real estate terms7
- Loans on working capital terms, 120 months or shorter19
- Franchise loans1
- Franchise share of approvals3.7 percent
- Leading industry by approval countLandscaping Services (4)
- Most active lenderU.S. Bank, National Association (11)
The average approval of $412,522 sits well above the median of $62,900, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 25.9 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hot Spring County
Do SBA loans in Hot Spring County get paid back
- Loans with a final outcome recorded6
- Paid in full6
- Charged off0
- Status: Paid in full6
- Status: Exempt from disclosure14
- Status: Cancelled5
- Status: Committed, not yet disbursed2
Too few loans have reached a final outcome to publish a charge off rate. only 6 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hot Spring County
Which parts of Hot Spring County get the lending
- Places in the county with recorded lending2
- Malvern, approvals22
- BISMARCK, approvals5
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Malvern | 22 | $10,629,500 |
| BISMARCK | 5 | $508,600 |
Malvern accounts for 22 approvals against 5 in BISMARCK. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hot Spring County
How big is Hot Spring County
- Land area615 sq mi
- Rank by land area among Arkansas counties50th of 75
- Width, east to west42.2 mi
- Height, north to south24.6 mi
- Geographies sharing a boundary6
- Residents per square mile of land54
- Establishments per square mile0.83
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Hot Spring County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Hot Spring County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population33,180
- Households12,310
- Average household size2.70
- Median household income$55,405
- Median age43.1
Common questions
Hot Spring County questions, answered from the record.
How many people live in Hot Spring County, Arkansas?
33,180, in 12,310 households, ranking 22nd of 75 Arkansas counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hot Spring County growing?
The population has grown 0.82 percent since the 2020 census base. In 2024 there were 294 births against 497 deaths, with net migration of 260. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hot Spring County?
$55,405. The median owner-occupied home is valued at $151,100, which is 2.7 times income, and median gross rent is $768 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Hot Spring County?
513 establishments, employing 5,761 people with an annual payroll of $270.0 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Hot Spring County?
Average annual pay is $48,229, or $927 a week, across 7,969 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hot Spring County?
27 7(a) approvals totalling $11.1 m since FY2020, across 7 lenders, with a median approval of $62,900. These are approvals recorded in the release, not loans disbursed.
What is being built in Hot Spring County?
4 housing units were authorised by permit in 2024, with a declared construction value of $1.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hot Spring County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Hot Spring County come from?
The largest single origin is Hot Spring County Non-migrants, with 9,960 households. Arriving households report an average income of $45,857 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Hot Spring County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Hot Spring County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.