Hot Spring County, Arkansas: commercial real estate data.
Hot Spring County, Arkansas had an estimated 33,313 residents on July 1, 2024, up 0.8 percent since the 2020 census base of 33,043, across 615 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Hot Spring County
How many people live in Hot Spring County
- Population, American Community Survey 2020-202433,180
- 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-equivalents, Puerto Rico included1389th of 3,222
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 affordable 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 story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hot Spring County
Is Hot Spring County's population growing?
- Population, July 1, 202433,313
- Census 2020 base population33,043
- Population change since the 2020 census base0.82 percent
- Population change, 2023 to 202454
- 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 of 3,144
The county has grown 0.82 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration 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 are people moving to Hot Spring County from?
- Tax returns filed by households arriving861
- People arriving, from those returns1,682
- Tax returns filed by households leaving773
- Net household movement88
- Adjusted gross income arriving$39.5 m
- Net adjusted gross income movement$11.4 m
- Average income of an arriving household$45,857
- Average income of a leaving household$36,317
- Largest single originGarland County (196 households)
- Largest single destinationGarland County (164 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Garland County | 196 | 417 | $8.4 m |
| Saline County | 120 | 226 | $6.0 m |
| Clark County | 64 | 141 | $2.5 m |
| Pulaski County | 55 | 92 | $1.7 m |
| Grant County | 32 | 70 | $1.7 m |
| Jefferson County | 26 | 38 | $823,000 |
Households arriving report $9,540 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Garland County, 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 is the Hot Spring County economy?
- 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 the Arkansas areas BEA publishes22nd of 75
- Rank by GDP among the US county areas BEA publishes1472nd of 3,127
- 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
Employment by industry in Hot Spring County
- Covered employment, annual average7,969
- Establishments reporting621
- Average annual pay$48,229
- Average weekly wage$927
- Manufacturing, employment1,526
- Manufacturing, average annual pay$63,933
- Retail trade, employment904
- Retail trade, average annual pay$32,113
- Accommodation and food services, employment716
- Accommodation and food services, average annual pay$21,789
- Transportation and warehousing, employment554
- Transportation and warehousing, average annual pay$62,750
- Administrative and support and waste management services, employment227
- Construction, employment193
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,526 | 24 | $63,933 |
| Retail trade | 904 | 92 | $32,113 |
| Accommodation and food services | 716 | 56 | $21,789 |
| Transportation and warehousing | 554 | 26 | $62,750 |
| Administrative and support and waste management services | 227 | 24 | $37,124 |
| Construction | 193 | 62 | $39,727 |
| Finance and insurance | 177 | 39 | $58,322 |
| Other services, except public administration | 154 | 38 | $30,712 |
Manufacturing is the largest private sector at 1,526 jobs, 19.1 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Hot Spring County
How many businesses are 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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Hot Spring County
Building permits in Hot Spring County
- Housing units authorized by permit, 20244
- Declared construction value permitted$1.1 m
- Single family units authorized4
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$286,548
- Units authorized per 1,000 households0.3
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Hot Spring County
SBA loans in Hot Spring County (7(a) and 504)
- 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$1,997,500
- 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
- Most active lenderU.S. Bank, National Association (11)
The average approval of $412,522 sits well above the median of $62,900, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in 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
Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hot Spring County
SBA lending by place in Hot Spring County
- Borrower cities with recorded lending2
- Malvern, approvals22
- Bismarck, approvals5
| Borrower city | 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 large 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.
Hot Spring County
Flood risk in Hot Spring County
- Participation of the county's own NFIP community Hot Spring County, unincorporated areasParticipating, community 050437
- Communities in the county in the NFIP Community Status Book7
- Of those, participating in the NFIP4
- NFIP participation rate57.1 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 10
- Communities carrying a CRS class1
- Radon levels in Hot Spring County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Hot Spring County (community 050437), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Hot Spring County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 10, which carries a flood insurance premium discount for policies written in that community. 57.1 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-202433,180
- 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?
The Census Bureau estimates 33,313 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 0.82 percent since the 2020 census base of 33,043, to 33,313 on July 1, 2024. 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 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 employment by industry in Hot Spring County?
Manufacturing is the largest private sector at 1,526 jobs, 19.1 percent of covered employment. Covered employment averages 7,969 jobs at an average annual pay of $48,229, or $927 a week. 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 totaling $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.
How many building permits were issued in Hot Spring County?
4 housing units were authorized 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 Garland County, with 196 households. Arriving households report an average income of $45,857 against $36,317 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Hot Spring County
Cities and places in Hot Spring.
9 Census places lie wholly or partly in Hot Spring County. All 9 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Malvern | city | 10,953 | 22 | Wholly in this county |
| Magnet Cove | CDP | 889 | None recorded | Wholly in this county |
| Rockport | city | 800 | None recorded | Wholly in this county |
| Midway | town | 728 | None recorded | Wholly in this county |
| Donaldson | town | 377 | None recorded | Wholly in this county |
| Jones Mills | CDP | 230 | None recorded | Wholly in this county |
| Friendship | town | 168 | None recorded | Wholly in this county |
| Perla | town | 141 | None recorded | Wholly in this county |
| Bismarck | CDP | 41 | 5 | Wholly in this county |
Nearby