Hot Springs, VA demographics:
population, income, and more

Total population
487
-9.8% year-over-year change
Median household income
$104,545/yr
2.5% year-over-year change
Housing units
555
-7.2% year-over-year change

Hot Springs population

How many people live in Hot Springs

Hot Springs is home to 487 residents, according to the most recent Census data. Gender-wise, 49.5% of Hot Springs locals are male, and 50.5% are female.

Total population
487
-9.8% year-over-year change
Gender ratio
Male
49.5%
241
Female
50.5%
246
Value Percent YoY change
Male 241 49.5% -14.2%
Female 246 50.5% -5.0%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Hot Springs is 60, with the population distributed as follows: about 2.9% are children under 15, then 1.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 10.1% of the population, while another 48% fall into the 45 to 64 bracket. Finally, around 37.2% are 65 or older.

Median age
60.3
Age breakdown
Under 15
2.9%
15 to 24
1.8%
25 to 44
10.1%
45 to 64
48%
Over 65
37.2%
Value Percent YoY change
Under 15 14 2.9% 16.7%
15 to 24 9 1.8% -74.3%
25 to 44 49 10.1% -24.6%
45 to 64 234 48% -3.3%
Over 65 181 37.2% -2.7%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

As for race, 86.4% of locals are Caucasian, 11.5% are African American and 2% have Asian roots.

Citizenship
U.S.-born citizens
100%
Non-U.S.-born citizens
0%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 487 100% -6.7%
Racial breakdown
White
86.4%
Black or African American
11.5%
American Indian and Alaska Native
0%
Asian
2%
Native Hawaiian and other Pacific Islander
0%
Two or more races
0%
Other
0%
Value Percent
White 421 86.4%
Black or African American 56 11.5%
Asian 10 2%

Households in Hot Springs

A peek inside Hot Springs households

Hot Springs has 236 households, with an average of 2 members in each. Of these, 64% are families, while the remaining 36% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
236
0.8% year-over-year change
Average people per household
2
Non-family households
85
Family households
151
Value Percent YoY change
Non-family households 85 36% 10.4%
Family households 151 64% -3.8%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Hot Springs

The housing landscape of Hot Springs

Hot Springs's housing consists of 555 units, with 76.2% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 4.7% and offer a more compact, shared living style.

Housing units
555
-7.2% year-over-year change
Housing types
Value Percent
1 unit, detached 423 76.2%
1 unit, attached 26 4.7%
2 units 22 4%
3 or 4 units 24 4.3%
50 or more units 60 10.8%
Homes built since 2020
6
% year-over-year change

The age of buildings in Hot Springs

In Hot Springs, the median construction year is 1973. Most development happened in the second half of the 20th century. Then, 11.5% of homes were added from 2000 to 2009, 10.4% between 2010 and 2019, and 1.1% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 227 40.9% 6.6%
Built between 1950 and 1959 21 3.8% 10.5%
Built between 1960 and 1969 15 2.7% -85.2%
Built between 1970 and 1979 57 10.3% -1.7%
Built between 1980 and 1989 83 15% 48.2%
Built between 1990 and 1999 24 4.3% 41.2%
Built between 2000 and 2009 64 11.5% -39.6%
Built between 2010 and 2019 58 10.4% 107.1%
Built in 2020 or later 6 1.1% N/A
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Hot Springs occupancy rates

Out of the 236 occupied housing units in Hot Springs, 74.2% are owner-occupied, while 25.8% are lived in by tenants. Meanwhile, 57.5% of all homes on the local market sit vacant.

Occupied housing units
236
0.8% year-over-year change
Occupancy breakdown
Renter occupied
61
Owner occupied
175
Value Percent YoY
change
Renter occupied 61 25.8% 15.1%
Owner occupied 175 74.2% -3.3%
Unoccupied housing units
57.5%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Hot Springs housing costs

Housing costs in Hot Springs come to a median of $706 per month, while tenants specifically pay a median gross rent of $876.

Median housing costs per month
$706/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Hot Springs
$876/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Hot Springs

Hot Springs education at a glance

About 59.6% of the population in Hot Springs went to high school, while 1.1% pursued college studies. Another 16.5% earned an associate degree and 10.6% hold a bachelor’s. Meanwhile, 5.9% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 30 6.3% 66.7%
High school diploma 282 59.6% -19.4%
College diploma 5 1.1% 0.0%
Associate degree 78 16.5% -7.1%
Bachelor's degree 50 10.6% 4.2%
Graduate degree 28 5.9% 21.7%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Hot Springs

How much people earn in Hot Springs

The average annual household income in Hot Springs was $88,026 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +3.4% change from the previous year. At the same time, the median income stood at $104,545, reflecting a +2.5% shift over the same period.

Average household income in Hot Springs
$88,026/year
3.4% year-over-year change
Median household income in Hot Springs
$104,545/year
2.5% year-over-year change

Hot Springs income by age

Those with someone between 45 and 64 in charge, often well established professionally, earn $74,000 overall. Overall, 83.6% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
45 - 64 $74,000 -26.1%
Over 65 $123,036 2.0%
Above poverty level
407
Below poverty level
80
Value Percent YoY
change
Above poverty level 407 83.6% -0.5%
Below poverty level 80 16.4% -29.2%

Average renter income in Hot Springs

To get a better sense of what renters earn on average in Hot Springs, their median household income was $26,953 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 39%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$26,953
Rent-to-income ratio
39%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Hot Springs

Workforce and job types in Hot Springs

The job market in Hot Springs is powered by 276 working residents, spread across a range of industries and roles. 84.4% of the working population are employed in professional or administrative positions, while 15.6% are in hands-on or service-based jobs. Also, 9.8% run their own businesses, 54.4% are employed by private companies, and 30.1% work in the public sector.

Workforce demographics

Working population
276
-13.5% year-over-year change
White collar
233
Blue collar
43
Value Percent YoY change
White collar 233 84.4% -4.5%
Blue collar 43 15.6% -42.7%
Employer type
Self employees
9.8%
Private companies
54.4%
Governmental workers
30.1%
Not for profit companies
5.8%
Value Percent YoY change
Self employees 27 9.8% 42.1%
Private companies 150 54.4% -24.2%
Governmental workers 83 30.1% -5.7%
Not for profit companies 16 5.8% 14.3%
Unemployment rate
1.8%
0.0% year-over-year change

Available workforce

The unemployment rate in Hot Springs stands at 1.8%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Hot Springs

How people get around in Hot Springs

Commuting methods vary: 92.8% of residents travel by personal vehicle and 1.8% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 256 92.8% -11.4%
Walk 5 1.8% N/A
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Hot Springs by zipcode?

Zipcode Population Number of households Median income Average income
24445 2,332 1,028 $51,500 $64,594

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FAQs about Hot Springs demographics 

What is the total population of Hot Springs?

Hot Springs has a total population of 487 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -9.8% compared to a year ago.

What is the gender ratio in Hot Springs?

The gender ratio in Hot Springs is as follows:
  • 49.5% males (241 residents)
  • 50.5% females (246 residents)

What is the median age in Hot Springs?

The median age in Hot Springs is 60.3.

What is the age distribution of the population in Hot Springs?

The age distribution in Hot Springs is as follows:
  • Under 15: 2.9% (14 residents)
  • Ages 15-24: 1.8% (9 residents)
  • Ages 25-44: 10.1% (49 residents)
  • Ages 45-64: 48% (234 residents)
  • Over 65: 37.2% (181 residents)

What is the racial and ethnic makeup of Hot Springs?

The racial and ethnic makeup of Hot Springs is as follows:
  • White: 86.4% (421 residents)
  • Black or African American: 11.5% (56 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 2% (10 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 0% (0 residents)
  • Other: 0% (0 residents)

What percentage of the population in Hot Springs are U.S.-born citizens?

U.S.-born citizens represent 100% of the population in Hot Springs.

How many housing units are there in Hot Springs?

There are 555 housing units in Hot Springs, reflecting a -7.2% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Hot Springs and what is the average household size?

Hot Springs has a total of 236 households, with an average of 2 people in each.

What is the median household income in Hot Springs?

Hot Springs has a median household income of $104,545, representing a +2.5% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Hot Springs?

The employment rate is 98.2% in Hot Springs, with a workforce of 276 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 84.4% (233 residents)
  • Blue-collar workers: 15.6% (43 residents)

Places of employment:
  • Self-employed: 9.8% (27 residents)
  • Private companies: 54.4% (150 residents)
  • Governmental workers: 30.1% (83 residents)
  • Not-for-profit companies: 5.8% (16 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025