Hot Springs

Population: 494
Median household income: $39,167
Median home value: $184,900

Hot Springs, a community in Madison County, North Carolina, has 494 residents. At $39,167, its median household income sits below Madison County's $58,628.

From 2019 to 2023, Hot Springs's population declined 7.1% from 532 to 494, while its median home value rose 14.1% from $162,100 to $184,900.

The largest age group is 45 to 54, 23.1% of residents. White (non-Hispanic) residents are the largest group, 97.4% of the population.

Demographics

ACS 2019–2023

Population: 494
Median age: 46.4 yrs
Median household income: $39,167
Median home value: $184,900
Median gross rent: $488
Housing units: 296
Homeownership rate: 51.5%
Bachelor's degree or higher: 25.3%
Unemployment rate: 4.2%

Trends

ACS 5-year · 2019–2023

Population

532494

Median household income

$40,156$39,167

Median home value

$162,100$184,900

Median gross rent

$420$488

Year	Population	Median household income	Median home value	Median gross rent
2019	532	$40,156	$162,100	$420
2020	530	$34,271	$161,800	$490
2021	521	$43,382	$165,700	$470
2022	519	$45,500	$178,000	$509
2023	494	$39,167	$184,900	$488

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.8%

5 to 1711.1%

18 to 249.3%

25 to 346.7%

35 to 4417.0%

45 to 5423.1%

55 to 6412.6%

65 to 748.1%

75 and over9.3%

	Count	Share
Under 5	14	2.8%
5 to 17	55	11.1%
18 to 24	46	9.3%
25 to 34	33	6.7%
35 to 44	84	17.0%
45 to 54	114	23.1%
55 to 64	62	12.6%
65 to 74	40	8.1%
75 and over	46	9.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	481	97.4%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	13	2.6%
Hispanic or Latino (any race)	0	0.0%

Educational attainment (age 25+)

No high school diploma2.6%

High school graduate40.4%

Some college or associate's31.7%

Bachelor's degree22.4%

Graduate or professional degree2.9%

	Count	Share
No high school diploma	10	2.6%
High school graduate	153	40.4%
Some college or associate's	120	31.7%
Bachelor's degree	85	22.4%
Graduate or professional degree	11	2.9%

Commute to work

Mean travel time to work: 25 min

Drove alone80.1%

Carpooled0.0%

Public transit0.0%

Walked11.0%

Bicycle0.0%

Worked from home8.9%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	189	80.1%
Carpooled	0	0.0%
Public transit	0	0.0%
Walked	26	11.0%
Bicycle	0	0.0%
Worked from home	21	8.9%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	111	51.6%
15 to 29 min	6	2.8%
30 to 44 min	19	8.8%
45 to 59 min	44	20.5%
60+ min	35	16.3%

Households

Average household size: 2.27
Poverty rate: 18.8% (93 of 494)

	Count	Share
Family households	99	48.5%
Nonfamily households	105	51.5%

Housing

Median year structure built: 1972

Occupancy

	Count	Share
Occupied	204	68.9%
Vacant	92	31.1%

Tenure (of occupied units)

	Count	Share
Owner-occupied	105	51.5%
Renter-occupied	99	48.5%

1-unit, detached56.8%

1-unit, attached0.0%

2 to 4 units22.3%

5 to 19 units0.7%

20 or more units0.3%

Mobile home & other19.9%

Units in structure

	Count	Share
1-unit, detached	168	56.8%
1-unit, attached	0	0.0%
2 to 4 units	66	22.3%
5 to 19 units	2	0.7%
20 or more units	1	0.3%
Mobile home & other	59	19.9%

Geography

Place GEOID: 3732840
Type (LSAD): 43
Land area: 2.87 sq mi
Water area: 0.27 sq mi
Center point: 35.8936, -82.8294