Housing data for Hot Springs, NC
Hot Springs, NC has an estimated 567 residents and 310 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Madison County.
48.9% of households rent.
The median gross rent is $521 a month.
Figures last updated on .
- Residents
- 567 (±205)
- Housing units
- 310 (±76)
- Households that rent
- 48.9%
- Median gross rent
- $521
- Residents since 2015–2019
- +6.6%
What stands out in Hot Springs
Households that rent: 48.9% (±14.4 points) in Hot Springs, higher than in Madison County (22.5%).
Median real estate taxes: $763 (±$407) in Hot Springs, lower than in Madison County ($1,362).
Median home value: $179,200 (±$79,392) in Hot Springs, lower than in Madison County ($284,600).
Median gross rent: $521 (±$86) in Hot Springs, lower than in Madison County ($780).
Housing in Hot Springs at a glance
- Median rent: $521 median gross rent a month
- Rent by bedrooms: $544 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 62.5% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 48.9% of households rent
- Income and affordability: $44,688 median household income (Small sample: wide margin of error)
- Home values: $179,200 median home value
- Homeowner costs: $1,238 median monthly cost with a mortgage
- Property taxes: $763 median real estate taxes a year (Small sample: wide margin of error)
- Types of homes: 0.3% of homes are in buildings of 5 or more units
- Bedrooms: 49.9% of homes have 3 or more bedrooms
- Age of homes: 58.7% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 72.1% heat with electricity
- Commute and cars: 24.8 minutes average trip to work
- Growth: +6.6% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 22.7% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Hot Springs against Madison County, its state and the nation
| Hot Springs | Madison County | North Carolina | United States | |
|---|---|---|---|---|
| Residents | 567 (±205) | 21,867 (exact) | 10,730,404 (exact) | 334,922,499 |
| Housing units | 310 (±76) | 11,356 (±44) | 4,895,668 (±642) | 143,775,355 |
| Households that rent | 48.9% (±14.4 points) | 22.5% (±2.8 points) | 33.4% (±0.2 points) | 34.8% |
| Median gross rent | $521 (±$86) | $780 (±$64) | $1,228 (±$5) | $1,413 |
| Median household income | $44,688 (±$34,276) | $58,531 (±$4,714) | $72,388 (±$324) | $80,734 |
| Median home value | $179,200 (±$79,392) | $284,600 (±$22,454) | $288,900 (±$1,086) | $332,700 |
| Median real estate taxes (a year) | $763 (±$407) | $1,362 (±$66) | $1,896 (±$8) | $3,119 |
| Built before 1980 | 58.7% (±16.2 points) | 39.4% (±4.0 points) | 33.9% (±0.2 points) | 49.7% |
| Average commute | 24.8 minutes (±5.3) | 32.7 minutes (±3.6) | 25.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 91.3% (±6.9 points) | 83.3% (±3.0 points) | 90.1% (±0.2 points) | 91.0% |
| Median age of residents | 44.5 years (±6.5) | 44.5 years (±0.4) | 39.1 years (±0.2) | 38.9 years |
Hot Springs covers 2.9 square miles of land, about 198 residents per square mile (Census Bureau Gazetteer).
How Hot Springs has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 532 (±168) | 567 (±205) | +6.6% | Not a measurable change |
| Housing units | 358 (±74) | 310 (±76) | −13.4% | Not a measurable change |
| Median gross rent | $420 (±$126) | $521 (±$86) | +24.0% | No measurable change after inflation |
| Median home value | $162,100 (±$31,959) | $179,200 (±$79,392) | +10.5% | No measurable change after inflation |
| Median household income | $40,156 (±$29,432) | $44,688 (±$34,276) | +11.3% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,135 (±$143) | $1,238 (±$293) | +9.1% | No measurable change after inflation |
| Median real estate taxes | $993 (±$239) | $763 (±$407) | −23.2% | No measurable change after inflation |
| Households that rent | 36.8% (±11.1 points) | 48.9% (±14.4 points) | +12.1 percentage points | Not a measurable change |
| Rental vacancy rate | 2.3% (±3.6 points) | 0.0% (±30.6 points) | −2.3 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Places near Hot Springs
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Marshall | 11 mi | $733 | $282,100 | 44.8% |
| Mars Hill | 16 mi | $1,043 | $294,700 | 35.4% |
| Parrottsville | 17 mi | $806 | $134,400 | 58.3% |
| Greeneville | 19 mi | $650 | $227,400 | 37.0% |
| Tusculum | 20 mi | $841 | $267,500 | 11.9% |
| Weaverville | 20 mi | $1,783 | $463,700 | 27.5% |
| Newport | 21 mi | $720 | $133,500 | 44.3% |
| Woodfin | 22 mi | $1,546 | $366,700 | 46.3% |
Places in North Carolina most like Hot Springs
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Troy | $675 | $160,100 | $51,731 | 51.6% |
| Fairplains | $653 | $140,200 | $38,585 | 38.2% |
| Princeton | $690 | $215,400 | $45,500 | 50.3% |
| Star | $642 | $136,300 | $38,125 | 52.6% |
| Edenton | $388 | $274,100 | $38,417 | 48.4% |
| Ellenboro | $711 | $164,400 | $49,769 | 34.6% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across North Carolina.
HUD Fair Market Rent for Hot Springs, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,482 | $1,714 | $1,866 | $2,223 | $3,109 |
HUD income limits for Hot Springs, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $21,500 | $35,850 | $57,350 |
| 2 people | $24,600 | $40,950 | $65,550 |
| 3 people | $27,650 | $46,050 | $73,750 |
| 4 people | $33,000 | $51,200 | $81,900 |
| 5 people | $38,680 | $55,300 | $88,500 |
| 6 people | $44,360 | $59,400 | $95,050 |
| 7 people | $50,040 | $63,500 | $101,600 |
| 8 people | $55,720 | $67,550 | $108,150 |
These are the limits HUD sets for its housing programs in the Asheville, NC MSA, where HUD’s median family income for fiscal year 2026 is $103,200.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Hot Springs
What is the average rent in Hot Springs, NC?
The Census Bureau publishes the median rather than the average: the median gross rent in Hot Springs is $521 (±$86) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How many renters are there in Hot Springs?
Hot Springs has an estimated 112 (±47) renting households, 48.9% of its occupied homes (2020–2024 American Community Survey).
What is the average home value in Hot Springs, NC?
The Census Bureau publishes the median: $179,200 (±$79,392) for owner-occupied homes in Hot Springs (2020–2024 American Community Survey).
What is the average mortgage payment in Hot Springs?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Hot Springs, NC is $1,238 (±$293) a month, including taxes, insurance and utilities.
How many homes are in Hot Springs?
Hot Springs, NC has an estimated 310 (±76) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Hot Springs?
The most common size is 3 bedrooms, 43.5% of homes in Hot Springs, NC.
Is Hot Springs growing?
In Hot Springs, the number of residents went from 532 in 2015–2019 to 567 in 2020–2024 (+6.6%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Hot Springs town, North Carolina
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Hot Springs town, North Carolina
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Hot Springs town, North Carolina
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Hot Springs town, North Carolina
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Hot Springs town, North Carolina
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Hot Springs town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Hot Springs town, North Carolina
- HUD Fair Market Rents, fiscal year 2027: Asheville, NC MSA
- HUD Income Limits, fiscal year 2026: Asheville, NC MSA
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Hot Springs town, North Carolina (place:32840, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .