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Hot Springs

Hot Springs

Located in Fall River County

$295,185 Average Value
$234 Average Price per Sq Ft
27 Homes For Sale

Hot Springs has mild weather at the foot of the Black Hills

At the southern gateway to South Dakota's Black Hills, Hot Springs is a city of around 3,400. Named for several sites considered sacred by the Native Americans, the area was once known for its health resorts. Today, people are more frequently attracted to its relatively mild weather — it's in the so-called Banana Belt, an area with warmer winters than the rest of the region. "Of all the communities in the hills, we're more arid," says Cathy Sotherland, a broker with The Real Estate Group. "We don't get as much snow – it's a really temperate climate." With easy access to campsites, hiking trails and other open-air activities, Hot Springs appeals to nature lovers. Sotherland says new homeowners are frequently former tourists, attracted to lower real estate prices than the region's average. "When those people retire, they often come back," she says. "We're seeing a lot of retirees and baby boomers moving in."

The newest homes are typically on the outskirts of the area

In the city's center, homes are on a grid pattern of roads. Lots are typically a quarter acre or smaller, with backyards that end in alleys with sheds and one-car garages. Early 20th-century Cape Cods and bungalows are typical of the area, generally priced between $90,000 and the $310,000s, depending on their condition and upgrades. One-story midcentury homes are also available and sell in the $200,000 to $315,000 range. Larger 21st-century homes are usually on the city's outer edges and feature more elbow room and views of the Black Hills. Depending on size and location, these New Traditional and ranch-style homes go for around $330,000 to $570,000.

Historic sites are in the city, with scenic sites just outside

Central to the city, Centennial Park has a walking trail, a public stage and scenic views of the Fall River. Sites like Butler Park and Chautauqua Park have playgrounds, picnic shelters and various sports fields and facilities. As the city's name suggests, there are several hot springs in and around the city, with Moccasin Springs being one of the best known. "The Native Americans often used that spring in particular," says Sotherland. "It's become a beautiful, higher-end experience." Originally a 19th-century schoolhouse, the Fall River Pioneer Museum tells the story of Hot Springs and the greater Black Hills region, featuring historic photos, clothing and tools. Touting itself as the world's largest mammoth research facility, The Mammoth Site is an active archaeological dig site where visitors can learn about prehistoric animals while taking in the remains of over 60 mammoths.


Campsites for tent and RV campers fill the Black Hills, with Big Pine and Comanche Park being two of the closest to Hot Springs. Nearby hiking trails include Hell Canyon, Sunday Gulch and Cathedral Spires. About 10 miles north of the city is Wind Cave National Park, known for having one of the longest caves in the world. "If people weren't rock hounds when they got here, they are when they leave," says Sotherland. Above ground, visitors can hike through the prairie in search of elk, American Bison and over 100 species of birds.

Most shopping is done along River Street or in Rapid City

Shopping is focused along River Street, and includes local businesses, boutique shops and grocery stores like Lynn's Dakotamart and Sonny Superfoods. Locals frequently visit Rapid City , about an hour's drive north, for retail. In addition to a full bar, Whiskey River offers upscale bar food in a rustic atmosphere of exposed brick and weathered wood. Wandering Bison Coffee serves handcrafted coffee drinks and a menu that includes breakfast burritos, paninis and chili made with locally raised bison.

The Fall River Hot Air Balloon Festival fills the sky with color

Founded in 2015, the Fall River Hot Air Balloon Festival fills the sky with dozens of manned balloons. Visitors can join the 5K fun run, listen to live music or just sit on a blanket and watch the colorful sky. Held during the first weekend of December, Christmas in the Hills celebrates the holiday season with a tree lighting, Christmas market and parade.

Hot Springs High celebrated a football championship in 2023

Hot Springs School District serves local students with three public schools and a C from Niche. Hot Springs High School, which has a B-minus, won its first state football championship in 2023.

Hospital care is available for veterans

One of the closest highways is U.S. Route 18, which leads to State Route 79 and Rapid City, about 60 miles north. Fall River Health Services is a 25-bed hospital with emergency services and a nursing home. The Hot Springs VA Medical Center is a 100-bed facility that offers care for veterans, including treatment for PTSD, traumatic brain injury and substance abuse.

The area has a severe risk of wildfires

According to First Street, Hot Springs is severely at risk for wildfires due to high heat and dry conditions.

Phil Keeling
Written By
Phil Keeling

Interested in learning more about homes in this area? Reach out to Dante Colicheski, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Hot Springs Housing Trends

Housing Trends

Median List Price
$390,000
Median Sale Price
$362,000
Median Single Family Sale Price
$362,000
Median Townhouse Sale Price
$299,500
Median Change From 1st List Price
6%
Last 12 months Home Sales
132
Median Home Sale Price YoY Change
33%
Average Price Per Sq Ft
$234

Neighborhood Facts

Number of Homes in Neighborhood
564
Number of Homes for Sale
27
Median Year Built
1949
Months of Supply
2.50
Average Single Family Home Size Sq Ft
1,813
Below the national average
1,924
Average Townhouse Size Sq Ft
1,385
Average 2 Bedroom Size Sq Ft
1,597
Median Lot Size Sq Ft
10,454

Open Houses

  • 12523 Black Hills Flyway Rd, Hot Springs, SD 57747

    $675,000

    • 3 Beds
    • 2 Baths
    • 2,182 Sq Ft
    • 12523 Black Hills Flyway Rd
    • New 7 days ago

    Great horse property in the Black Hills! This 10-acre property includes a beautifully updated 3-bedroom, 2-bath home with a thoughtfully designed 2023 addition. The new extension features a spacious 40x30 attached two-car garage, a breakfast/game room, an expanded loft with a brand-new master suite, walk-in closets, office space, a family room, and a new bathroom. The inviting farm-style kitchen

    Agent Photo
    Resa Rutz
    Century 21 Stevens & Associates
    (605) 605-0578
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  • 12523 Black Hills Flyway Rd, Hot Springs, SD 57747

    $585,000

    • 3 Beds
    • 2 Baths
    • 2,182 Sq Ft
    • 12523 Black Hills Flyway Rd
    • New 7 days ago

    Great horse property in the Black Hills! This 10-acre property includes a beautifully updated 3-bedroom, 2-bath home with a thoughtfully designed 2023 addition. The new extension features a spacious 40x30 attached two-car garage, a breakfast/game room, an expanded loft with a brand-new master suite, walk-in closets, office space, a family room, and a new bathroom. The inviting farm-style kitchen

    Agent Photo
    Resa Rutz
    Century 21 Stevens & Associates
    (605) 423-7439
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  • 12523 Black Hills Flyway Rd, Hot Springs, SD 57747

    $548,500

    • 3 Beds
    • 2 Baths
    • 2,182 Sq Ft
    • 12523 Black Hills Flyway Rd
    • New 7 days ago

    Looking for space, updates, and wide-open skies? This beautifully updated 3-bedroom, 2-bathroom home on 5 acres offers room to spread out with comfort and style. A 2023 addition expanded the living space with an oversized garage, charming breakfast room, and an impressive upper-level extension that includes a spacious primary suite with walk-in closets, a full bathroom, sitting area, office, and

    Agent Photo
    Resa Rutz
    Century 21 Stevens & Associates
    (605) 453-6040
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Hot Springs Has More Owners

Demographics

Total Population
4,294
Median Age
54
Population under 18
18.5%
Below the national average
23.8%
Population over 65
34.4%
Above the national average
19.1%

Finances

Median Household Income
$49,321
Significantly below the national average
$71,702
Average Household Income
$62,149

Education and Workforce

High School Graduates
93.5%
College Graduates
21%
Below the national average
34.1%
Advanced Degrees
8.3%
% Population in Labor Force
54%
Below the national average
65.1%

Weather

Annual Precipitation
18''
Average Winter Low Temperature
14°F
Average Summer High Temperature
88°F
Annual Snowfall
11''

Area Factors

Somewhat Bikeable

Bike Score®®

16 / 100

Car-Dependent

Walk Score®®

45 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Hot Springs
Dante Colicheski
BLACK HILLS REALTY
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