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CITY

Hot Springs

Virginia · 487 residents · 5.574 sq mi
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The short version

Hot Springs is wealthier than most US places, with a median household income of $104,545. Population has declined 10% since 2023. 16% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value is $260,100. With a median age of 60.3, the population is older than the US median of 38.9. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 60.3
US median: 38.9
Less educated
16% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
487
−10%since 2023
from 540 in 2023
2010 – 2024
Population density
87 / sq mi
−10%since 2023
from 97 / sq mi in 2023
US average: 281
Median age
60.3
+1%since 2023
from 59.5 in 2023
US average: 38.9
Population, 2010 – 2024
420524628732836201020202024Hot Springs
2024487
201020202024
Section 02

Income & economy

Median household income
$104,545
Unchangedinflation adjusted, since 2023
from $101,964 in 2023
US average: $82,259
2010 – 2024
Per capita income
$45,577
+16%since 2023
from $39,439 in 2023
US average: $44,673
Households earning $100K+
55.9%
−0.5 ptssince 2023
from 56.4% in 2023
US average: 53.3%
Poverty rate
16.4%
−5.2 ptssince 2023
from 21.6% in 2023
US average: 12.5%
Income inequality (Gini)
0.349
+2%since 2023
from 0.343 in 2023
US average: 0.476
Workforce by industry, 2024
Other services14.1%
US avg: 6.7%
Information12%
US avg: 10.8%
Public administration8%
US avg: 4.8%
Finance & insurance4%
US avg: 5.9%
Professional, scientific, technical4%
US avg: 5.1%
Arts, entertainment, food3.6%
US avg: 1.9%
Retail trade2.9%
US avg: 9.9%
Wholesale trade1.8%
US avg: 6.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$260,100
−1%inflation adjusted, since 2023
from $254,400 in 2023
US average: $376,019
2010 – 2024
Median gross rent
$876
US average: $1,442
Owner-occupied
74.2%
−3.2 ptssince 2023
from 77.4% in 2023
25.8% rent
Vacancy rate
57.5%
−3.4 ptssince 2023
from 60.9% in 2023
US average: 10.0%
Owner cost-burdened
24.6%
+4.7 ptssince 2023
from 19.9% in 2023
US average: 22.9%
Renter cost-burdened
31.1%
−6.6 ptssince 2023
from 37.7% in 2023
US average: 47.4%
Afford Score
2.5
Unchangedsince 2023
from 2.5 in 2023
2010 – 2024
Gentrification Score
47
RELATED:See current rent listings in Hot Springs on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic80.4%(434)
Black13%(70)
Hispanic / Latino3.3%(18)
Asian3.3%(18)
Other0%(0)
Diversity Score41.9%(226)
2024
White, non-Hispanic86.4%(421)
Black11.5%(56)
Hispanic / Latino0%(0)
Asian2.1%(10)
Other0%(0)
Diversity Score29.9%(146)
Diversity Score
30
−29%since 2023
from 42 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
15.7%
+2.3 ptssince 2023
from 13.4% in 2023
US average: 35.6%
High school or higher
88.8%
−2.7 ptssince 2023
from 91.5% in 2023
US average: 89.6%
Graduate degree
6.0%
+1.4 ptssince 2023
from 4.7% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
10.5 min
−39%since 2023
from 17.2 min in 2023
US average: 26.5
Drive alone to work
92.8%
+2.2 ptssince 2023
from 90.6% in 2023
US average: 68.9%
Carpooled to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
5.4%
−4.0 ptssince 2023
from 9.4% in 2023
US average: 15.0%
Walked to work
1.8%
+1.8 ptssince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
6.4%
+4.2 ptssince 2023
from 2.1% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.8%
+0.2 ptssince 2023
from 1.5% in 2023
US average: 5.2%
Labor force participation
59.4%
−2.0 ptssince 2023
from 61.4% in 2023
US average: 63.5%
Self-employed
28.3%
+2.2 ptssince 2023
from 26.0% in 2023
US average: 13.1%
Management & professional
59.1%
+8.0 ptssince 2023
from 51.1% in 2023
US average: 42.5%
Section 08

People & community

Male
49.5%
−2.6 ptssince 2023
from 52.0% in 2023
Female
50.5%
+2.6 ptssince 2023
from 48.0% in 2023
Foreign born
0.0%
−3.3 ptssince 2023
from 3.3% in 2023
US average: 14.1%
Veterans
12.9%
+0.8 ptssince 2023
from 12.1% in 2023
US average: 6.2%
With a disability
19.5%
+2.6 ptssince 2023
from 16.9% in 2023
US average: 13.3%
Uninsured
1.0%
−3.4 ptssince 2023
from 4.4% in 2023
US average: 8.4%
Broadband at home
80.5%
+0.2 ptssince 2023
from 80.3% in 2023
US average: 91.0%
English only at home
97.9%
+3.3 ptssince 2023
from 94.6% in 2023
US average: 77.7%
Spanish at home
0.0%
−3.3 ptssince 2023
from 3.3% in 2023
US average: 13.6%
Drill deeper

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Compare Hot Springs to nearby cities

HOT SPRINGS VS
Staunton
Income$65,581−37%
Home value$259,200same
Population26,801+5403%
SEE FULL COMPARISON →
HOT SPRINGS VS
Stuarts Draft
Income$79,332−24%
Home value$294,300+13%
Population11,780+2319%
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HOT SPRINGS VS
Hollins
Income$77,456−26%
Home value$244,300−6%
Population17,097+3411%
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HOT SPRINGS VS
Fishersville
Income$83,671−20%
Home value$348,900+34%
Population9,484+1847%
SEE FULL COMPARISON →
Frequently asked

How many people live in Hot Springs, Virginia?

Hot Springs, Virginia has about 487 residents according to the 2024 American Community Survey.

What is the median household income in Hot Springs, Virginia?

The typical household in Hot Springs, Virginia earns about $104,545 a year. Half of households make more than that, and half make less.

Is Hot Springs, Virginia expensive?

In Hot Springs, Virginia, the median home is worth about $260,100, and the typical rent is about $876 a month.

How educated are people in Hot Springs, Virginia?

About 15.7% of adults age 25 and over in Hot Springs, Virginia hold a bachelor's degree or higher.

What is the poverty rate in Hot Springs, Virginia?

About 16.4% of people in Hot Springs, Virginia live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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