HomeNorth CarolinaMadison CountyHot Springs town
Hot Springs town, North Carolina: commercial real estate data.
Hot Springs town 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.
80 sourced place values · tier FULL · 9 sections
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 7(a) lending to Hot Springs borrowers
- Approvals3
- Gross approval$2,242,000
- Average approval$747,333
- Median approval$700,000
- Ninetieth percentile approval$1,392,000
- 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
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hot Springs
SBA 504 lending to Hot Springs borrowers
- 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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hot Springs
Flood programme status in Hot Springs
- Listed NFIP communities1
- Of those, participating1
- NFIP community number370153
- Currently effective map date01/06/10
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Madison County, not Hot Springs
Madison County context, not Hot Springs figures
These are Madison County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Hot Springs measurements.
- Establishments in Madison County402
- Employment at those establishments, Madison County3,298
- Covered employment, Madison County4,310
- Average annual pay, Madison County$47,583
- Average weekly wage, Madison County$915
- Housing units permitted, Madison County155
- Of those, single family, Madison County151
- County product, 2024, Madison County$632,142,000
- County product change over the prior year, Madison County10.2 percent
- Average income of an arriving household, Madison County$72,557
Every figure in this section is published for Madison County as a whole and is not a measurement of Hot Springs. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $2.2 m, across 3 lenders, median approval $700,000, plus 1 504 approvals worth $383,000. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. 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 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 labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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