Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hot Springs area can be challenging. Home prices in Hot Springs are now at a median cost of $191,732, lower than the Montana average of $298,413.
The average cost of rent is $601/mo in Hot Springs, primarily driven by the current value of real estate in the Hot Springs area. While nearly 63.82% of residents own their homes outright in Hot Springs, 27.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hot Springs is $2,952 per month. Households that rent pay about 20.35% of their income on rent here. Hot Springs's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Lonepine, MT: higher priced homes
- Plains, MT: higher priced homes
- Niarada, MT: higher priced homes
- Paradise, MT: higher priced homes
- Perma, MT: higher priced homes
- Elmo, MT: higher priced homes
- Big Arm, MT: higher priced homes
- Moiese, MT: higher priced homes
- Polson, MT: higher priced homes
- Dayton, MT: higher priced homes
Cities with Similar Populations
- Augusta, NJ: higher priced homes
- Bethany, WV: less expensive homes
- Belleville, AR: less expensive homes
- Bellefonte, DE: higher priced homes
- Beaver Meadows, PA: less expensive homes
- Tumtum, WA: higher priced homes
- Bancroft, WV: less expensive homes
- Baldwin Place, NY: higher priced homes
- Avery, TX: less expensive homes
- Armstrong, IA: less expensive homes
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