HomeMontanaSanders CountyHot Springs
Hot Springs, Montana: commercial real estate data.
Hot Springs is a Census town of 557 people across 0.38 square miles of land, in Sanders County. Median household income is $21,300, 64.2 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $35,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Hot Springs
What Hot Springs is
- Census place typetown
- Land area0.38 sq mi
- Water area0 sq mi
- Population per square mile of land1,452
- County holding the largest share of its areaSanders County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hot Springs
How many people live in Hot Springs
- Population557
- Median age52.0
- Population under 1862 plus or minus 24
- Share under 1811.1 percent plus or minus 3.6
- Population 65 and over166 plus or minus 37
- Share 65 and over29.8 percent
- Households268
- Family households99 plus or minus 26
- Share of households that are families36.9 percent plus or minus 8.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hot Springs
Income and work in Hot Springs
- Median household income$21,300
- Per capita income$19,365
- Civilian labor force207 plus or minus 57
- Employed190 plus or minus 57
- Unemployed17 plus or minus 12
- Unemployment rate8.2 percent plus or minus 5.3
- Adults 25 and over427
- Adults 25 and over with a high school diploma or higher87.6 percent
- Adults 25 and over with a bachelor degree or higher18.5 percent plus or minus 5.4
- Adults 25 and over with a graduate degree7.0 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hot Springs
Housing in Hot Springs
- Housing units338
- Occupied units268
- Vacant units70 plus or minus 16
- Vacancy rate20.7 percent
- Owner occupied172
- Renter occupied96 plus or minus 31
- Ownership rate64.2 percent
- Median owner-occupied home value$150,900
- Median gross rent, monthly$725
- Annual rent as a share of median income40.8 percent plus or minus 9.0
- Single family units249
- Share single family73.7 percent
- Units in buildings of two or more42 plus or minus 22
- Share in buildings of two or more12.4 percent plus or minus 6.2
- Mobile homes47 plus or minus 19
- Median year structure built1953
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hot Springs
How Hot Springs gets to work
- Workers 16 and over who commute152 plus or minus 51
- Commuting under 15 minutes120 plus or minus 47
- Share commuting under 15 minutes78.9 percent plus or minus 16.0
- Commuting 30 minutes or more19 plus or minus 17
- Share commuting 30 minutes or more12.5 percent plus or minus 10.1
- Drove alone45.1 percent plus or minus 9.2
- Carpooled17.9 percent plus or minus 19.9
- Public transport0.0 percent
- Walked15.2 percent plus or minus 4.7
- Worked from home17.4 percent plus or minus 6.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hot Springs
SBA loans in Hot Springs (7(a))
- Approvals2
- Gross approval$35,000
- Average approval$17,500
- Median approval$17,500
- Largest approval$25,000
- Jobs supported4
- Jobs per approval2.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term48 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Hot Springs, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hot Springs
Flood risk in Hot Springs
- NFIP communityTown of Hot Springs
- NFIP community number300073
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date06/05/12
The Town of Hot Springs participates in the National Flood Insurance Program as community 300073 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Sanders County, not Hot Springs
Sanders County context, not Hot Springs figures
- Establishments in Sanders County394
- Covered employment, Sanders County3,306
- Average annual pay, Sanders County$45,909
Every figure in this section is published for Sanders County as a whole and is not a measurement of Hot Springs.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Hot Springs questions, answered from the record.
How many people live in Hot Springs, Montana?
557, in 268 households. Hot Springs town covers 0.38 square miles of land, which is 1,452 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hot Springs in?
Sanders County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Hot Springs?
$21,300. The median owner-occupied home is valued at $150,900. Median gross rent is $725 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Hot Springs businesses?
2 7(a) approvals totaling $35,000 since FY2020, across 2 lenders, median approval $17,500. These count approvals to borrowers whose address is in Hot Springs, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Hot Springs borrowers get paid back?
No rate is published for Hot Springs. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Hot Springs in the National Flood Insurance Program?
Yes. Hot Springs appears in the FEMA Community Status Book as Hot Springs, town of, community 300073, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Hot Springs figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Sanders County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Hot Springs.
Is zoning published for Hot Springs?
No. Nothing on this page presents parcel level zoning.
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