Spindale, NC—28160
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spindale, NC
As of Oct '25, the median home price in Spindale, NC is $143,000, with a year-over-year change of -6.8%. This indicates that home prices in Spindale, NC are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $143,000 | -6.8% |
| Single Family | $143,000 | -4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $116,000 | -6.5% |
3 Bed | $174,000 | -1.7% |
4 Bed | $224,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spindale, NC
As of July '25, Rentcast reports the average rent in Spindale, NC is $1,050, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Spindale, NC is 1-bedrooms: $665, 2-bedrooms: $1,240. The most common rental property sizes in Spindale, NC are 2-bedroom and 3-bedroom, accounting for 44.3% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $665 | $665 |
| 2 Bed Rent | $1,200 | $1,240 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spindale, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Spindale, NC is 107. This is a increase of 90.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | -6.0% |
Listing Count | 26 | 2.0% |
| Listings as % of Homes | 1.1% | 2.0% |
Days on Market | 107 | 90.0% |
Demographics — Spindale, NC
As of the latest ACS Survey released in 2023, Spindale, NC has a population of 3,820, which has increased by 6.7% over the past 5 years. Spindale, NC is a less popular place for families, as children make up 11.2% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,820 | 6.7% |
% Under 18 | 11.2% | -46.4% |
% Seniors | 21.7% | 63.2% |
% WFH | 9.2% | 1,740.0% |
% w/ College Degree | 14.9% | 4.9% |
As of the latest ACS Survey released in 2023, Spindale, NC is a predominantly white area, with 76.9% of the population identifying as white. The white population has grown by 24.8% in the last 5 years. The second most common race or ethnicity in Spindale, NC is black, making up 15.8% of the population. Foreign-born residents account for 1.5% of the population in Spindale, NC, and this percentage has increased by 25.0% 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 | 76.9% | 24.8% |
% Black | 15.8% | -52.1% |
% Hispanic | 2.2% | 10.0% |
% Asian | 1.0% | ∞% |
% Foreign Born | 1.5% | 25.0% |
Mortgage and Risk — Spindale, NC
According to HUD data as of 2023, there were 79 mortgage originations in Spindale, NC, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Spindale, NC. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 79 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Spindale, NC
Spindale, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 116 |
Total Units Section 8 | 105 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $145 | $665 | $810 |
| 2 Bedroom | -$270 | $1,200 | $930 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Spindale, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $143,000 |
| Median Household Income | $38,600 |