Housing in Hot Springs, SD
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$328,864
Hot Springs vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Hot Springs is highlighted.
Median Home Value
47th%ilemost expensive$168,200show rank
Median Rent
38th%ilemost expensive rent$854show rank
Rent Burden
64th%ilehighest rent burden20.6%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$168,200
Median Rent
$854
Total Housing Units
2,031
Vacancy Rate
6.9%
Owner Occupied
65.2%
Renter Occupied
34.9%
Median Property Tax
$1,987
per year
Monthly Cost (w/ Mortgage)
$835
Housing Types
Single Family70.1%
Multi-Family25.9%
Mobile Home4.1%
The median home value in Hot Springs, SD is $168,200. According to Zillow, the home value index for Hot Springs is $328,864. The median rent is $854 per month (Census ACS). About 65.2% of housing units are owner-occupied. The median year homes were built is 1953. There are 2,031 total housing units.