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 $192,084, lower than the North Carolina average of $226,477.
The average cost of rent is $570/mo in Hot Springs, primarily driven by the current value of real estate in the Hot Springs area. While nearly 62.77% of residents own their homes outright in Hot Springs, 21.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hot Springs is $4,496 per month. Households that rent pay about 12.67% of their income on rent here. Hot Springs's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Paint Rock, NC: less expensive homes
- Stackhouse, NC: less expensive homes
- Spring Creek, NC: equally priced homes
- Harmony Grove, TN: less expensive homes
- Wolf Creek, TN: less expensive homes
- Walnut, NC: less expensive homes
- Trust, NC: higher priced homes
- Nough, TN: less expensive homes
- Laurel, NC: less expensive homes
- Marshall, NC: equally priced homes
Cities with Similar Populations
- Wallace Ridge, LA: less expensive homes
- Upton, GA: less expensive homes
- Vaughn, MS: less expensive homes
- Trexlertown, PA: equally priced homes
- Brownlow, WV: less expensive homes
- Vulcan, MI: less expensive homes
- Brant, MI: less expensive homes
- Bowlegs, OK: less expensive homes
- Waterloo, OR: higher priced homes
- Bondville, VT: higher priced homes
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