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Hot Springs, Virginia

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
487
Population
$104,545
Median Income
$260,100
Home Value
60.3
Median Age

Demographics

Hot Springs has a population of 487 with a median age of 60.3. Here is the racial and ethnic breakdown of the population:

White
86.4%
Black
11.5%
Asian
2.1%
Demographic Value
Total Population487
Median Age60.3
White86.4%
Black or African American11.5%
Asian2.1%
Hot Springs, Virginia — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 86.4%Black: 11.5%Asian: 2.1%487PopulationWhiteWhite86.4%BlackBlack11.5%AsianAsian2.1%

Income & Economy

The median household income in Hot Springs is $104,545, which is 29.7% above the national median of $80,610. The per capita income is $45,577. The poverty rate is 16.4%.

$104,545
Median Household Income
$45,577
Per Capita Income
16.4%
Poverty Rate

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Education

In Hot Springs, 88.8% of residents age 25+ have a high school diploma or higher, and 15.7% hold a bachelor's degree or higher (6.0% with a graduate or professional degree).

HS Diploma+
88.8%
Bachelor's+
15.7%
Graduate+
6.0%
Education Level % of Adults (25+)
High School Diploma or Higher88.8%
Bachelor's Degree or Higher15.7%
Graduate or Professional Degree6.0%

Housing

The median home value in Hot Springs is $260,100, below the national median of $303,400. The median monthly rent is $876. The homeownership rate is 74.2%.

$260,100
Median Home Value
$876/mo
Median Rent
74.2%
Homeownership Rate
Housing Metric Value
Median Home Value$260,100
Median Monthly Rent$876
Homeownership Rate74.2%
Vacancy Rate57.5%

Salaries in Virginia

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Frequently Asked Questions

What is the population of Hot Springs, Virginia?
The population of Hot Springs, Virginia is 487 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Hot Springs, Virginia?
The median household income in Hot Springs, Virginia is $104,545. This is 29.7% above the national median of $80,610.
What is the median home value in Hot Springs, Virginia?
The median home value in Hot Springs, Virginia is $260,100. The median monthly rent is $876.
What percentage of people in Hot Springs have a college degree?
In Hot Springs, Virginia, 15.7% of adults age 25 and older hold a bachelor's degree or higher, and 88.8% have a high school diploma or higher.
Is Hot Springs, Virginia an affordable place to live?
The home price-to-income ratio in Hot Springs, Virginia is 2.5x (median home value $260,100 vs. median income $104,545), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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