Market Overview
Home Prices in Hot Springs, MT
The median home value in Hot Springs, MT is $268,623 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hot Springs are priced34% below average. Hot Springs is part of the Kalispell, MT metro area.
Over the past five years, Hot Springs home values have risen by approximately43.2%, reflecting strong long-term appreciation in this market.
Price History
Hot Springs Home Price Trend
City Comparison
Hot Springs vs. National Median
At $268,623, homes in Hot Springs cost 34% below the national median of $410,000. This makes Hot Springs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hot Springs?
20% Down Payment
$53,725
on $268,623
Monthly P&I
$1,401/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,779/mo
incl. taxes & insurance
Income Needed
$71,160
gross annual (30% rule)
10% Down Option
$26,862
+ PMI applies
Loan Amount (20% dn)
$214,898
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hot Springs, MT?
The median home value in Hot Springs is $268,623 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Hot Springs?
Over the past year, home values in Hot Springs have increased by 2.1%. Over five years, prices have risen approximately 43.2%.
How much do I need to earn to buy a home in Hot Springs?
To comfortably afford the median home price of $268,623 with a 20% down payment ($53,725) at today's rates (6.8%), you'd need a gross annual income of approximately $71,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Hot Springs compare to the national average home price?
The national median home value is approximately $410,000. At $268,623, homes in Hot Springs are 34% below the national average.
What metro area is Hot Springs part of?
Hot Springs is part of the Kalispell, MT metropolitan area. Home prices and market conditions can vary across the broader metro region.