Hot Springs, NC is an attractive destination for potential homeowners. The median value of housing in Hot Springs is $299,600, which is significantly lower than the US median value of $338,100. However, in the past year, the appreciation rate for housing in Hot Springs was 18.83%, which is higher than the US average of 8.27%. This makes Hot Springs an ideal location for those looking to buy a home and benefit from increased equity over time.
The median home cost in Hot Springs is $299,600. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Hot Springs is up 22.1%.
Average Age of Homes
- The median age of Hot Springs real estate is 44 years old
The Rental Market in Hot Springs
- Renters make up 40.9% of the Hot Springs population
- 0.6% of houses and apartments in Hot Springs, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.