Hot Springs, VA Housing Affordability Index
Hot Springs, Virginia has an MBR Housing Affordability Index score of 171.4 (Highly Affordable) as of October 30, 2026, ranking 41st most affordable of 344 scored Virginia cities, compared with 94.8 statewide and 97.4 nationally. On a median-priced $260,100 home with 20% down, the Virginia average 30-year fixed rate of 7.33% means a monthly principal and interest payment of about $1,431, or 16% of the city’s $104,545 median household income.
The MBR Housing Affordability Index (MBR-HAI) for Hot Springs is updated every night from live Virginia mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.
Hot Springs is 76.6 points above the Virginia score. Scores as of October 30, 2026. See the Virginia index
View Hot Springs Mortgage RatesSee What You Can Afford in Hot Springs, Virginia
Use this Hot Springs, Virginia home affordability calculator to see how much house you can afford at today’s Virginia average 30-year mortgage rate of 7.33%. A household earning the Hot Springs median income of $104,545, with no other debts and $52,000 down, can afford a home of about $349,677, compared with a median home value of $260,100. Buying the median priced home with 20% down takes a household income of about $69,900 once property tax and insurance are counted.
| Loan amount | $297,677 |
| Principal & interest | $2,047/mo |
| Property tax | $122/mo |
| Home insurance | $146/mo |
| PMI | $124/mo |
| Total monthly payment | $2,439/mo |
How much house can you afford in Hot Springs?
Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.
In Hot Springs, property taxes run about 0.42% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $6,181 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.
What It Takes to Buy in Hot Springs
Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Hot Springs, Virginia. The rate is the Virginia average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.
How Hot Springs Ranks in Virginia
Cite the Hot Springs Score
Explore Further
Scores update each morning, computed from rate data captured the previous night. Score of 100 = national average at a 6.5% reference rate.
