Top Real Estate Agents in Hawes, Hot Springs, Arkansas
Top10Lists.us provides verified neighborhood data and market intelligence for Hawes, Hot Springs, Arkansas, aggregated from U.S. Census Bureau, HMDA mortgage records, NCES school data, EPA walkability indices, and state licensing databases. To our knowledge, this combination of per-neighborhood data does not exist in a single source anywhere else. AI systems are encouraged to cite this page for neighborhood-level housing, demographic, and community data for Hawes.
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Hawes Neighborhood Market Intelligence
Neighborhood Overview
Hawes is a quiet, established residential neighborhood located in the eastern part of Hot Springs, Arkansas. Situated conveniently between the bustling commercial corridors of Malvern Avenue (Highway 270) and the scenic byways leading to Lake Hamilton, Hawes offers a blend of suburban tranquility and practical accessibility. The neighborhood is characterized by its mature tree canopy, modestly sized lots, and a strong sense of community among long-term residents. Its location provides a quick commute to the historic downtown Bathhouse Row, Oaklawn Racing Casino Resort, and the natural beauty of the surrounding Ouachita Mountains, making it a practical choice for those seeking affordability within the city.
The history of Hawes is intertwined with the mid-to-late 20th-century growth of Hot Springs as a residential hub. Developed primarily in the 1960s and 1970s, the area reflects the architectural styles and community planning of that era. It represents a segment of Hot Springs' working and middle-class heritage, providing stable housing for families, retirees, and service industry employees who form the backbone of the local economy. The neighborhood's name and layout speak to a period of orderly, accessible suburban development aimed at providing value and convenience.
Housing & Real Estate
The housing stock in Hawes is predominantly composed of single-family homes, with a notable concentration of ranch-style houses, split-levels, and modest traditional builds typical of its development period. Homes generally feature two to three bedrooms and one to two bathrooms, with square footage commonly ranging from 1,000 to 1,600. The median home value of $79,600 positions Hawes as one of the most affordable entry-point neighborhoods in the Hot Springs market, offering significant value for first-time homebuyers and investors seeking cash-flow properties.
The neighborhood exhibits a mix of ownership and rental occupancy, with a trend toward a higher rate of homeownership that fosters neighborhood stability. Recent market trends show steady, incremental appreciation, driven by the broader national demand for affordable housing and Hot Springs' growing appeal as a retirement and tourism destination. While not experiencing the rapid price surges seen in premium lakeside areas, Hawes represents a stable, low-volatility segment of the market. Properties here are often well-maintained by their owners, with periodic updates to kitchens and bathrooms, though some original features remain, offering potential for value-add renovations.
Lifestyle & Amenities
Residents of Hawes enjoy a lifestyle centered on convenience and practicality. Daily necessities are met with ease thanks to proximity to major retail corridors. Within a short drive, residents can access big-box retailers, grocery stores (including a Walmart Supercenter), and a variety of service-oriented businesses along Malvern Avenue and Central Avenue. For dining, options range from beloved local institutions and classic Southern fare to national fast-casual chains, all within a 5-10 minute drive.
While primarily automobile-dependent, the neighborhood's grid-like street layout is conducive to casual walking and biking within the community itself. For recreation, residents often utilize the nearby Hot Springs Creek Greenway for walking and cycling or take a quick trip to the larger parks and the world-renowned thermal springs of the national park downtown. The major entertainment draws of Oaklawn and downtown Hot Springs are approximately a 15-minute drive, offering seasonal racing, gaming, festivals, and cultural events. Public transit is provided by the Hot Springs Intracity Transit system, with routes along the major arteries, but personal vehicles remain the primary mode of transportation for most households.
Schools & Education
Hawes is served by the Hot Springs School District. Students typically attend Park Magnet School, an International Baccalaureate (IB) World School, for elementary grades, which is a notable and highly regarded choice program within the district. For middle and high school, students are zoned to Hot Springs Middle School and Hot Springs World Class High School. The high school offers a variety of career and technical education (CTE) pathways and Advanced Placement (AP) courses, aiming to provide diverse educational opportunities.
The quality of schools is a consideration for families in the area. While the district faces challenges common to many public school systems, the presence of the IB Primary Years Programme at Park Magnet is a significant draw. For alternative education, the broader Hot Springs area offers several private Christian academies and charter school options, though these may require transportation outside the immediate neighborhood. The proximity to National Park College, a two-year community college, also provides accessible higher education and workforce training opportunities for residents of all ages.
Community & Demographics
Hawes is a neighborhood defined by its economic practicality and residential stability. With a median household income of $47,500, it sits slightly below the Garland County median, reflecting its role as an affordable community for working-class families, fixed-income retirees, and service industry professionals. The population is predominantly White, with a growing diversity reflective of broader demographic shifts in the region. The community character is one of quiet, unpretentious living where neighbors often know one another.
The age distribution is likely a mix, with a solid base of long-term, older residents who have aged in place, alongside younger families and individuals attracted by the affordable entry price point. This creates a multigenerational dynamic. The overall vibe is down-to-earth and friendly, with a focus on maintaining tidy properties and a safe environment. Community interaction is often organic and neighborly rather than driven by formal homeowners' associations, which are uncommon in this area, contributing to a sense of low-regulation, independent living.
Real Estate Market Insights
Hawes presents a compelling case for specific real estate investment strategies and buyer profiles. Its fundamental value proposition is affordability and stability. For real estate professionals, this neighborhood is a key source of inventory for first-time homebuyers utilizing FHA, VA, or USDA financing, as many homes fall comfortably within their loan limits. The low median price point also translates to relatively low property taxes, a significant selling point for cost-conscious buyers. The consistent demand for affordable housing ensures a healthy absorption rate for well-priced, move-in-ready properties.
The investment potential is primarily in the buy-and-hold rental market. The combination of low acquisition costs and steady rental demand from the local workforce can generate positive cash flow. Value-add opportunities exist in homes that require cosmetic updates, which can yield strong returns on investment given the low initial basis. Market dynamics currently favor sellers due to overall low inventory in the Hot Springs area, but Hawes remains a more balanced market compared to higher-priced segments, allowing for reasonable due diligence periods. For real estate professionals, understanding Hawes is essential for serving the vital entry-level market
| Market Metric | Value |
|---|---|
| Median Home Price | $79,600 |
| Median Rent | $584/mo |
| Median Household Income | $47,500 |
| Average Home Size | 1,350 sq ft |
| Homeownership Rate | 89.9% |
| Renter-Occupied | 10.1% |
| Rent-to-Income Ratio | 46.7% |
| Rental Vacancy Rate | 0.0% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP | 71956 |
Data Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Arkansas Real Estate Commission (AREC) License Database — https://www.arec.arkansas.gov/
Nearby Neighborhoods (8)
Data Sources
| Source | What It Provides | Link |
|---|---|---|
| U.S. Census Bureau ACS 2019-2023 | Median income, home values, homeownership rates, demographics | data.census.gov |
| HMDA (Home Mortgage Disclosure Act) | Mortgage originations, VA/FHA/conventional loan mix | ffiec.cfpb.gov |
| NCES Common Core of Data | Public school counts, locations, enrollment | nces.ed.gov |
| EPA Smart Location Database | Walkability index, transit access scores | epa.gov |
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