The median home value in Hot Springs, MT is $224,100. This is lower than the county median home value of $407,000. The national median home value is $338,100. The average price of homes sold in Hot Springs, MT is $224,100. Approximately 43.07% of Hot Springs homes are owned, compared to 32.85% rented, while 24.09% are vacant. Hot Springs real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Hot Springs real estate agent to arrange a tour today!
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Hot Springs has a population of approximately 618 and experiences a population change rate of 16.38%. The population density is 1,609.4 / sq mi.
The median household income for Hot Springs is $19,659, with 312 households and an average household size of 1.92.
The cost of living index in Hot Springs is 74.5%.
The median value of a home in Hot Springs is $224,100 with an appreciation rate of 19.4%. 43.1% of housing in the city is owned while 32.8% is rented.
The unemployment rate in Hot Springs is 4.30%, and recent job growth is at 3.64%. Future job growth is projected at 51.69%.
The sales tax rate in Hot Springs is 0.00%, while the income tax rate is 6.75%.
School expenditures in Hot Springs are $14,064, and the school ratio is 12.9:1.
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 20.7 degrees. The average rainfall is approximately 16 inches per year, with 39.3 inches of snow per year.
| Metric | City | County |
|---|---|---|
| High School Graduates | 81.37 | 91.03 |
| College Degree - 2 year | 5.69 | 9.59 |
| College Degree - 4 year | 17.45 | 18.98 |
| Graduate Degree | 6.08 | 2.27 |
| Expenditures per Student | $14,064 | $14,064 |
| Students per Teacher | 12.90 | 12.90 |
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Dixon Elementary School | PK - 06 | 32 | 5.4 | 59831 |
| Hot Springs School | PK - 06 | 96 | 11.6 | 59845 |
| K William Harvey Elementary School | PK - 04 | 410 | 15.8 | 59864 |
| Plains Elementary School | PK - 06 | 264 | 15.8 | 59859 |
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Dixon 7-8 | 07 - 08 | 9 | 6.4 | 59831 |
| Hot Springs 7-8 | 07 - 08 | 32 | 11.3 | 59845 |
| Paradise School | PK - 08 | 7 | 2.9 | 59856 |
| Plains 7-8 | 07 - 08 | 52 | 14.8 | 59859 |
| Ronan Middle School | 05 - 08 | 407 | 15.6 | 59864 |
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Hot Springs High School | 09 - 12 | 67 | 10.4 | 59845 |
| Plains High School | 09 - 12 | 143 | 14.3 | 59859 |
| Ronan High School | 09 - 12 | 337 | 15.1 | 59864 |