Willow Spring, NC—27592
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Willow Spring, NC
As of Oct '25, the median home price in Willow Spring, NC is $409,000, with a year-over-year change of -1.2%. This indicates that home prices in Willow Spring, NC are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $409,000 | -1.3% |
| Single Family | $409,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $330,000 | -2.1% |
3 Bed | $362,000 | -1.6% |
4 Bed | $505,000 | -0.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Willow Spring, NC
As of July '25, Rentcast reports the average rent in Willow Spring, NC is $1,980, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Willow Spring, NC is 3-bedrooms: $1,880, 4-bedrooms: $2,470. The most common rental property sizes in Willow Spring, NC are 3-bedroom and 2-bedroom, accounting for 58.6% and 20.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,820 | $1,880 |
| 4 Bed Rent | $2,650 | $2,470 |
% of Rental Stock
Property Listings — Willow Spring, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Willow Spring, NC is 49. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 0.0% |
Listing Count | 102 | 2.0% |
| Listings as % of Homes | 1.1% | 2.0% |
Days on Market | 49 | -11.0% |
Demographics — Willow Spring, NC
As of the latest ACS Survey released in 2023, Willow Spring, NC has a population of 20,200, which has increased by 29.8% over the past 5 years. Willow Spring, NC is a popular place for families, as children make up 28.4% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,200 | 29.8% |
% Under 18 | 28.4% | 15.0% |
% Seniors | 9.6% | -14.3% |
% WFH | 18.6% | 165.7% |
% w/ College Degree | 37.1% | 12.4% |
As of the latest ACS Survey released in 2023, Willow Spring, NC is a predominantly white area, with 75.2% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Willow Spring, NC is hispanic, making up 15.3% of the population. Foreign-born residents account for 9.4% of the population in Willow Spring, NC, and this percentage has increased by 129.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.2% | 0.1% |
% Black | 5.9% | -55.3% |
% Hispanic | 15.3% | 68.1% |
% Asian | 1.1% | 0.0% |
% Foreign Born | 9.4% | 129.3% |
Mortgage and Risk — Willow Spring, NC
According to HUD data as of 2023, there were 615 mortgage originations in Willow Spring, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Willow Spring, NC. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 615 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Willow Spring, NC
Willow Spring, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,320 |
| 2 Bedroom | N/A | N/A | $1,490 |
| 3 Bedroom | $20 | $1,820 | $1,840 |
| 4 Bedroom | -$210 | $2,650 | $2,440 |
Affordability — Willow Spring, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $409,000 |
| Median Household Income | $94,600 |