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Why Live in Hot Springs

Hot Springs, North Carolina, is a small mountain community known for its mineral-rich hot springs and scenic beauty. Surrounded by the Pisgah National Forest, it attracts hikers from the Appalachian Trail, especially during the spring and fall. The town, home to about 540 residents, has been recovering from Hurricane Helene, which caused significant damage in 2024. The local real estate market features a mix of single-family homes and vacant lots, with occasional Victorian and midcentury properties. Common home styles include contemporary cabins and cottages, and flood insurance is necessary for properties near waterways. The area is served by highly rated Madison County Schools, with Hot Springs Elementary, Madison Middle, and Madison High offering strong educational programs, including dual enrollment options with Asheville-Buncombe Technical Community College. Outdoor enthusiasts can enjoy kayaking, hiking, and exploring the Blue Ridge Mountains, with notable spots like Lover’s Leap and the Hot Springs Resort and Spa. The town also features locally owned shops and eateries, such as The Grey Eagle Taqueria and Artisun Emporium. Essential services are available in town, but for larger shopping needs, residents travel to Asheville, 40 miles away. Access to Hot Springs is primarily via U.S. Route 25 and North Carolina Highway 209, with the nearest regional airport located 50 miles away in Asheville.

Home Trends in Hot Springs, NC

Housing Trends

Median Sale Price
$363,750
Median Single Family Sale Price
$454,000
Average Price Per Sq Ft
$380
Number of Homes for Sale
25
Last 12 months Home Sales
30
Months of Supply
10.00
Median List Price
$437,500
Median Change From 1st List Price
9%
Median Home Sale Price YoY Change
23%
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