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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 $158,375, lower than the North Carolina average of $323,314.
The average cost of rent is $553/mo in Hot Springs, primarily driven by the current value of real estate in the Hot Springs area. In Hot Springs, 23.69% of households rent, and 71.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hot Springs is $4,921 per month. Households that rent pay about 11.23% of their income on rent here. Hot Springs’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Paint Rock, NC: less expensive homes
- Stackhouse, NC: higher priced homes
- Spring Creek, NC: higher priced homes
- Harmony Grove, TN: less expensive homes
- Wolf Creek, TN: less expensive homes
- Walnut, NC: higher priced homes
- Trust, NC: higher priced homes
- Nough, TN: less expensive homes
- Laurel, NC: higher priced homes
- Marshall, NC: higher priced homes
Cities with Similar Populations
- Wallace Ridge, LA: less expensive homes
- Upton, GA: equally priced homes
- Vaughn, MS: higher priced homes
- Trexlertown, PA: higher priced homes
- Brownlow, WV: equally priced homes
- Vulcan, MI: equally priced homes
- Brant, MI: equally priced homes
- Bowlegs, OK: less expensive homes
- Waterloo, OR: higher priced homes
- Bondville, VT: higher priced homes
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