HomeNorth CarolinaMadison CountyHot Springs
Hot Springs, North Carolina: commercial real estate data.
Hot Springs is a Census town of 567 people across 2.87 square miles of land, in Madison County. Median household income is $44,688, 51.1 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $2.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Hot Springs
What Hot Springs is
- Census place typetown
- Land area2.87 sq mi
- Water area0.27 sq mi
- Population per square mile of land198 plus or minus 72
- County holding the largest share of its areaMadison 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
- Population567 plus or minus 205
- Median age44.5
- Population under 1879 plus or minus 45
- Share under 1813.9 percent plus or minus 6.2
- Population 65 and over82 plus or minus 51
- Share 65 and over14.5 percent plus or minus 7.3
- Households229 plus or minus 68
- Family households108 plus or minus 50
- Share of households that are families47.2 percent plus or minus 16.8
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$44,688 plus or minus $34,276
- Per capita income$31,036 plus or minus $9,393
- Civilian labor force325 plus or minus 154
- Employed309 plus or minus 152
- Unemployed16 plus or minus 21
- Unemployment rate4.9 percent plus or minus 6.0
- Adults 25 and over413 plus or minus 169
- Adults 25 and over with a high school diploma or higher97.3 percent plus or minus 50.9
- Adults 25 and over with a bachelor degree or higher26.6 percent plus or minus 6.0
- Adults 25 and over with a graduate degree4.6 percent plus or minus 4.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hot Springs
Housing in Hot Springs
- Housing units310 plus or minus 76
- Occupied units229 plus or minus 68
- Vacant units81 plus or minus 44
- Vacancy rate26.1 percent plus or minus 12.7
- Owner occupied117 plus or minus 47
- Renter occupied112 plus or minus 47
- Ownership rate51.1 percent plus or minus 13.8
- Median owner-occupied home value$179,200 plus or minus $79,392
- Median gross rent, monthly$521
- Annual rent as a share of median income14.0 percent plus or minus 11.0
- Single family units155 plus or minus 58
- Share single family50.0 percent plus or minus 14.0
- Units in buildings of two or more73 plus or minus 38
- Share in buildings of two or more23.5 percent plus or minus 10.9
- Mobile homes82 plus or minus 39
- Median year structure built1976
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 commute263 plus or minus 146
- Commuting under 15 minutes131 plus or minus 94
- Share commuting under 15 minutes49.8 percent plus or minus 22.4
- Commuting 30 minutes or more115 plus or minus 71
- Share commuting 30 minutes or more43.7 percent plus or minus 11.9
- Drove alone83.3 percent plus or minus 23.2
- Carpooled1.0 percent plus or minus 2.3
- Public transport0.0 percent
- Walked5.5 percent plus or minus 8.1
- Worked from home10.2 percent plus or minus 6.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hot Springs
SBA loans in Hot Springs (7(a))
- Approvals3
- Gross approval$2,242,000
- Average approval$747,333
- Median approval$700,000
- Largest approval$1,392,000
- Jobs supported48
- Jobs per approval16.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more66.7 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
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
SBA loans in Hot Springs (504)
- Approvals1
- Gross approval$383,000
- Average approval$383,000
- Median approval$383,000
- Largest approval$383,000
- Jobs supported7
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Hot Springs, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hot Springs
Flood risk in Hot Springs
- NFIP communityTown of Hot Springs
- NFIP community number370153
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date01/06/10
The Town of Hot Springs participates in the National Flood Insurance Program as community 370153 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.
Madison County, not Hot Springs
Madison County context, not Hot Springs figures
- Establishments in Madison County402
- Covered employment, Madison County4,310
- Average annual pay, Madison County$47,583
- Housing units permitted, Madison County155
Every figure in this section is published for Madison 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. US Census Bureau, Building Permits Survey, 2024 annual.
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, North Carolina?
567, in 229 households. Hot Springs town covers 2.87 square miles of land, which is 198 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?
Madison 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?
$44,688. The median owner-occupied home is valued at $179,200. Median gross rent is $521 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?
3 7(a) approvals totaling $2.2 m since FY2020, across 3 lenders, median approval $700,000, plus 1 504 approvals worth $383,000 since FY2010. 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 370153, 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 Madison 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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