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Hot Springs town, NC

ZIP 28743 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 28743

Median Home Value
$150,900
Median Rent
$480
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$969/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

26.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 28743 in Hot Springs town, NC, a household would need roughly $42,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $969. That sits below the local median household income ($47,266), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 32% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
77.5%+18% vs US avg
x
Vacancy Rate
32.2%+213% vs US avg
x
Broadband Access
71.5%-18% vs US avg
x
4+ Bedrooms
2.4%-84% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
3.4%-51% vs US avg
x
Rent Burden >30%
19.9%-60% vs US avg
x
Mortgage-Free
65.9%+73% vs US avg
x
$150,900
Home Value
$480
Rent
1989
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.1%
  • 1-unit attached0.0%
  • 2-9 units4.7%
  • 10+ units0.1%
  • Mobile home & other31.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$150,900
Median rent$480
Owner-occupied77.5%
Vacant32.2%
Price-to-income3.2x
Est. income to buy$42,000