Home prices
The median home in Hot Springs is valued at $118,100. This is approximately $39,640 (50%) higher compared to the surrounding areas.Compared to the entire country it is roughly $99,400 (45%) lower, and compared to the city of Rapid City is about $66,600 (36%) lower.
Rents
In Hot Springs the median rent is $584 a month. In comparison to its nearby areas it is roughly $177 (23%) lower.Compared to the United States as a whole it is about $478 (45%) lower, and it is roughly $253 (30%) lower compared to the city of Rapid City.
Nearby places
Edgemont
Edgemont is roughly 17 miles southwest of Hot Springs. Its housing prices are substantially less expensive. The median home in Edgemont costs $41,100, which is $77,000 (187%) lower than Hot Springs. The rent there is a bit more expensive. The median rent in Edgemont is $660 a month, which comes out to $76 (11%) higher than Hot Springs.
Oelrichs
Oelrichs is about 18 miles southeast of Hot Springs. The real estate prices there are significantly less expensive. Oelrichs's median home value is $64,300, which works out to $53,800 (83%) lower than Hot Springs. Rents there are a little less expensive. In Oelrichs the median monthly rent is $525, which is $59 (11%) lower than Hot Springs.
Fairburn
Fairburn is approximately 20 miles northeast from Hot Springs. Real estate prices there are a lot less expensive. The median home value in Fairburn is $70,000, which comes out to $48,100 (68%) lower than Hot Springs. Rents there are substantially more expensive. Fairburn's median rent is $1,042 per month, which comes out to $458 (43%) higher than Hot Springs.
Custer
Custer is roughly 23 miles north of Hot Springs. The real estate prices there are a bit more expensive. Custer's median home price is $139,400, which is $21,300 (15%) higher than Hot Springs. Its rents are a bit more expensive. Custer's median monthly rent is $703, which comes out to $119 (16%) higher than Hot Springs.
Hermosa
Hermosa is about 29 miles northeast of Hot Springs. The real estate prices there are significantly less expensive. Hermosa's median home value is $77,500, which works out to $40,600 (52%) lower than Hot Springs. Rents there are substantially more expensive. The median monthly rent in Hermosa is $875, which comes out to $291 (33%) higher than Hot Springs.
