Comparative Site Selection
Austin, TX vs Hot Springs Village, AR
Side-by-side municipal, commercial underwriting, and travel logistics comparison for multi-unit operators.
Metric
Austin, TX
Hot Springs Village, AR
Population (2023 est.)
979,882
16,509
Population Change Since 2020
+1.9%
—
Median Household Income
$91,461
$69,953
Median Home Value
$512,700
$262,000
Median Gross Rent (monthly)
$1,655
$1,167
Effective Property Tax Rate
1.52%
0.51%
Combined Sales Tax Rate
8.25%
8.00%
Time Zone
CT
CT
How Austin and Hot Springs Village compare
- Austin has the higher median household income ($91,461 vs. $69,953 in Hot Springs Village).
- Austin has the higher median home value ($512,700 vs. $262,000 in Hot Springs Village).
- Austin has the higher median gross rent per month ($1,655 vs. $1,167 in Hot Springs Village).
- Austin has the higher effective property tax rate (1.52% vs. 0.51% in Hot Springs Village).
- Austin has the higher combined sales tax rate (8.25% vs. 8% in Hot Springs Village).
Housing cost relative to income: median home value is 5.6x median household income in Austin and 3.7x in Hot Springs Village. A lower multiple generally means homes are more affordable relative to local earnings.
Differences are computed directly from the table above. Sources: U.S. Census Bureau ACS 2023 5-year estimates (2019–2023), Population Estimates (July 2023), and state revenue departments for sales tax. Not financial advice.