Spring Hope, NC—27882
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Hope, NC
As of Oct '25, the median home price in Spring Hope, NC is $238,000, with a year-over-year change of -3.1%. This indicates that home prices in Spring Hope, NC are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $238,000 | -3.1% |
| Single Family | $239,000 | -2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | -4.9% |
3 Bed | $230,000 | -2.5% |
4 Bed | $301,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spring Hope, NC
As of July '25, Rentcast reports the average rent in Spring Hope, NC is $1,300, with a year-over-year rent change of -20.2%. Per bedroom, the median rent as of July '25 in Spring Hope, NC is 2-bedrooms: $1,300, 3-bedrooms: $1,300. The most common rental property sizes in Spring Hope, NC are 3-bedroom and 2-bedroom, accounting for 51.6% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,120 | $1,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spring Hope, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Hope, NC is 75. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $452,000 | 17.0% |
Listing Count | 85 | 43.0% |
| Listings as % of Homes | 0.8% | 43.0% |
Days on Market | 75 | 28.0% |
Demographics — Spring Hope, NC
As of the latest ACS Survey released in 2023, Spring Hope, NC has a population of 8,630, which has increased by 13.0% over the past 5 years. Spring Hope, NC is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 14.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,630 | 13.0% |
% Under 18 | 22.0% | -9.8% |
% Seniors | 21.6% | 11.3% |
% WFH | 11.3% | 465.0% |
% w/ College Degree | 14.0% | -20.0% |
As of the latest ACS Survey released in 2023, Spring Hope, NC is a predominantly white area, with 51.4% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Spring Hope, NC is black, making up 32.0% of the population. Foreign-born residents account for 4.6% of the population in Spring Hope, NC, and this percentage has increased by 2.2% 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 | 51.4% | -3.6% |
% Black | 32.0% | -1.8% |
% Hispanic | 13.4% | 14.5% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 4.6% | 2.2% |
Mortgage and Risk — Spring Hope, NC
According to HUD data as of 2023, there were 93 mortgage originations in Spring Hope, NC, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Spring Hope, NC. Investor activity is low, as 1.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Spring Hope, NC
Spring Hope, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.6% |
% 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 | $190 | $1,300 | $1,490 |
| 3 Bedroom | $720 | $1,120 | $1,840 |
| 4 Bedroom | N/A | N/A | $2,440 |
Affordability — Spring Hope, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $238,000 |
| Median Household Income | $56,000 |