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Hot Springs, NC
Full City Profile · North Carolina · Madison County County
3.1
/5.0
B
Good
494
Population
172/sq mi density
$39,167
Median Income
$29,428 per capita
$184,900
Home Value
$317,853 Zillow
$488
Median Rent
33.3% income on rent
58°F
Avg Temperature
310 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$39,167 median income, 2.5% unemployment
A
Affordability
4.0 / 5.0
$184,900 home value, $488/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
B
Education
3.0 / 5.0
25.3% bachelor's degree or higher
Housing Overview
Median Home Value
$184,900
34% below
US avg: $281,900
Median Rent
$488/mo
58% below
US avg: $1,163/mo
Homeownership Rate
51.5%
21% below US avg (65.4%)
Total Housing Units
312
Median year built: 1972
Home Value by Source
Census Median
$184,900
Zillow (ZHVI)
$317,853
Median Sale Price
$400,000
Median List Price
$245,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
51.5%
Owner-Occupied
48.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent:
$488/mo
Market Indicators (Redfin)
Median Days on Market
211 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
42.9%
of listings with price reduction
Price Per Sq Ft
$155
Active Inventory
7
homes for sale
Affordability & Housing Stock
Rent Burden
33.3%
of renters spending 30%+ of income on housing
7% above US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
51.5%
Complete Housing Data
Home Values
| Census Median Value | $184,900 |
| Zillow Home Value (ZHVI) | $317,853 |
| Median Sale Price | $400,000 |
| Median List Price | $245,000 |
| Price Per Sq Ft | $155 |
Rent
| Census Median Rent | $488 |
| FMR Studio | $932 |
| FMR 1-Bedroom | $981 |
| FMR 2-Bedroom | $1,161 |
| FMR 3-Bedroom | $1,499 |
| FMR 4-Bedroom | $1,780 |
Market
| Days on Market | 211 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 42.9% |
| Homes Sold | 1 |
| Active Inventory | 7 |
| Price Per Sq Ft | $155 |
Ownership & Stock
| Owner-Occupied | 51.5% |
| Renter-Occupied | 48.5% |
| Homeownership Rate | 51.5% |
| Total Housing Units | 312 |
| Median Year Built | 1972 |
| Rent Burden | 33.3% |