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Hot Springs, SD Real Estate


According to census data in the year 2000 there were 1,919 housing units in Hot Springs. This represents a 2.5% growth from 1,872 in 1990.

Of those housing units, 1,851 were located in either urbanized areas or urban clusters, and 68 were located in what is classified as a rural area.

Homeownership rate in Hot Springs is about 61%. Hot Springs's vacancy rate, including seasonal lodging, is about 11.5%. Average household size is 2.18 people.

The majority of houses, apartments or condos in Hot Springs were built after 1957.

Statistics

Housing Size

Housing Units by Size
Studio Type2.90%
One Bedroom20.50%
Two Bedrooms36.60%
Three Bedrooms27.20%
Four Bedrooms10.20%
Five Bedrooms or more2.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.36
Median year structure was built1955
Median Value of occupied units$58,700
Median Price asked for vacant units$9,999

Rented Homes, Apartments and Condos

Average Household Size1.91
Median year structure was built1960
Median Monthly Rent asked for vacant units$314

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.60%
Home Equity Loan2.70%
Simple Mortgage49.40%
Debt Free43.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.1%