HomeSouth DakotaFall River CountyHot Springs city
Hot Springs city, South Dakota: commercial real estate data.
Hot Springs city is a Census city of 3,548 people across 4.34 square miles of land, in Fall River County. Median household income is $66,338, 62.3 percent of occupied homes are owned, and the SBA record carries 7 7(a) approvals to borrowers here worth $4.5 m.
76 sourced place values · tier FULL · 8 sections
Hot Springs
What Hot Springs is
- Census place typecity
- Land area4.34 sq mi
- Water area0 sq mi
- Population per square mile of land818
- County holding the largest share of its areaFall River 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
- Population3,548
- Median age59.4
- Population under 18447 plus or minus 138
- Share under 1812.6 percent plus or minus 3.9
- Population 65 and over1,338
- Share 65 and over37.7 percent
- Households1,885
- Family households1,113
- Share of households that are families59.0 percent
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$66,338
- Per capita income$42,681 plus or minus $8,590
- Civilian labor force1,503
- Employed1,476
- Unemployed27 plus or minus 35
- Unemployment rate1.8 percent plus or minus 2.3
- Adults 25 and over2,976
- Adults 25 and over with a high school diploma or higher87.1 percent
- Adults 25 and over with a bachelor degree or higher28.9 percent plus or minus 7.4
- Adults 25 and over with a graduate degree11.8 percent plus or minus 4.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hot Springs
Housing in Hot Springs
- Housing units1,933
- Occupied units1,885
- Vacant units48 plus or minus 66
- Vacancy rate2.5 percent plus or minus 3.4
- Owner occupied1,175
- Renter occupied710 plus or minus 154
- Ownership rate62.3 percent
- Median owner-occupied home value$202,600
- Median gross rent, monthly$897
- Annual rent as a share of median income16.2 percent
- Single family units1,331
- Share single family68.9 percent
- Units in buildings of two or more500 plus or minus 143
- Share in buildings of two or more25.9 percent plus or minus 7.2
- Mobile homes102 plus or minus 74
- Median year structure built1946
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 commute1,304
- Commuting under 15 minutes1,045 plus or minus 256
- Share commuting under 15 minutes80.1 percent
- Commuting 30 minutes or more90 plus or minus 73
- Share commuting 30 minutes or more6.9 percent plus or minus 5.5
- Drove alone87.2 percent
- Carpooled1.5 percent plus or minus 2.9
- Public transport0.0 percent
- Walked4.4 percent plus or minus 3.9
- Worked from home4.3 percent plus or minus 3.5
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
- Approvals7
- Gross approval$4,537,000
- Average approval$648,143
- Median approval$243,000
- Ninetieth percentile approval$1,850,000
- Largest approval$1,850,000
- Jobs supported77
- Jobs per approval11.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term240 months
- Share on real estate terms of 20 years or more57.1 percent
- Share to franchises14.3 percent
- Distinct lenders5
- Distinct industries by NAICS6
A charge-off rate is not published here. only 0 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
- Approvals6
- Gross approval$2,995,000
- Average approval$499,167
- Median approval$457,000
- Largest approval$831,000
- Jobs supported24
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Fall River County, not Hot Springs
Fall River County context, not Hot Springs figures
These are Fall River 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 Fall River County209
- Employment at those establishments, Fall River County1,722
- Covered employment, Fall River County2,516
- Average annual pay, Fall River County$51,214
- Average weekly wage, Fall River County$985
- Housing units permitted, Fall River County9
- Of those, single family, Fall River County9
- County product, 2024, Fall River County$372,043,000
- County product change over the prior year, Fall River County11.7 percent
- Average income of an arriving household, Fall River County$72,950
Every figure in this section is published for Fall River 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.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- 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, South Dakota?
3,548, in 1,885 households. Hot Springs city covers 4.34 square miles of land, which is 818 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?
Fall River 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?
$66,338. The median owner-occupied home is valued at $202,600. Median gross rent is $897 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?
7 7(a) approvals totalling $4.5 m, across 5 lenders, median approval $243,000, plus 6 504 approvals worth $3.0 m. 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 0 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.
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 Fall River 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.
Nearby