Hot Springs, VA
Population 540 · Virginia
About Hot Springs, VA
Hot Springs is a small community in Virginia with a population of 540 residents. The median household income is $101,964 per year, which is above the national average. The median age in Hot Springs is 59.5 years.
Housing in Hot Springs has a median home value of $254,400 and median monthly rent of $0. Of the 598 total housing units, the majority are owner-occupied, with 181 owner-occupied and 53 renter-occupied units.
The unemployment rate in Hot Springs is 1.5% and the poverty rate is 21.6%. 13.4% of residents hold a bachelor's degree or higher. The average commute time is 17.2 minutes.
How Hot Springs Ranks in Virginia
Cost of Living in Hot Springs, VA
Compared to national averages, Hot Springs has a median household income of $101,964 (36% above the national median of $75,149). Home values average $254,400, which is 4% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Virginia, Hot Springs's income is 16% above the state average of $87,957, and home values are 22% below the state median of $327,514.
Why Live in Hot Springs, VA?
Hot Springs offers a strong local economy with a median household income of $101,964, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.5%. Additionally, the city features short commute times averaging just 17.2 minutes.
Hot Springs has a population of 540 with a median age of 59.5 years. Compare Hot Springs with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Hot Springs
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| The University of Virginia's College at Wise | 538 | $0 | $0 | Compare |
| Haysi | 537 | $28,750 | $80,000 | Compare |
| Allison Gap | 544 | $24,052 | $69,600 | Compare |
| Dryden | 545 | $49,750 | $127,000 | Compare |
| Unionville | 534 | $0 | $228,800 | Compare |
| Cheriton | 548 | $37,125 | $0 | Compare |
| Dillwyn | 549 | $56,143 | $165,000 | Compare |
| Mount Crawford | 531 | $97,583 | $274,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hot Springs
What is the population of Hot Springs, VA?
The population of Hot Springs, VA is 540 according to the latest Census data.
What is the median household income in Hot Springs?
The median household income in Hot Springs, VA is $101,964 per year.
What is the median home value in Hot Springs?
The median home value in Hot Springs, VA is $254,400.
What is the average rent in Hot Springs?
The median monthly rent in Hot Springs, VA is $0.
What is the unemployment rate in Hot Springs?
The unemployment rate in Hot Springs, VA is 1.5%.