Hot Springs, Madison County, NC

Median Home Price Price

$314,893 $314.9K

Median Monthly Rent Rent

$660 $660

39.0x

Market Snapshot

Hot Springs, Madison County, NC is a city market with a median home price of $314,893, a median monthly rent of $660, a GRM of 39.0x, and a price-to-rent ratio of 39.8.

More markets to explore

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Marshall Explore deeper
$367K $917 33.0x

Home prices

Monthly rent

GRM = home price / annual rent

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Carthage, Moore County, NC
$323K $1.4K 19.0x
Piney Creek, Alleghany County, NC
$289K $681 35.0x
Zirconia, Henderson County, NC Explore deeper
$444K $1.1K 33.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
West Augusta, Augusta County, VA
$257K $1.2K 17.0x
Urbana, Dallas County, MO Explore deeper
$220K $668 27.0x
Rose Hill, Fairfax County, VA
$691K $1.1K 53.0x

Home prices

Monthly rent

GRM = home price / annual rent

Hot Springs

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Benchmark comparison

Compare Hot Springs, NC to another market.

Compare to Marshall, NC
Hot Springs, NC
Marshall, NC
Delta
Median rent
$660
N/A
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Median price
$314,893
N/A
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YoY change
+$28
N/A
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Price-to-rent
39.8x
Data unavailable
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Key takeaways

  • Hot Springs, Madison County, NC has a higher-grm screening profile: At 39.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $28 year over year.
  • Next discovery step: compare Marshall, Madison County, NC from the Same county set.