Red Springs, NC 28377 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Red Springs, NC—28377

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$88,000

10.4% YoY Growth

Household Income

$34,900

23.8% YoY Growth

Days on Market

124

37.0% Longer YoY

Home Price Forecast

1.1%

Median Rent

$1,380

7.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,380

53.3% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Red Springs, NC

As of Dec '25, the median home price in Red Springs, NC is $88,000, with a year-over-year change of -10.4%. This indicates that home prices in Red Springs, NC are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$88,000	-10.4%
Single Family	$88,000	-10.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Red Springs, NC

As of July '25, Rentcast reports the average rent in Red Springs, NC is $1,380, with a year-over-year rent change of 7.0%. Per bedroom, the median rent as of July '25 in Red Springs, NC is 2-bedrooms: $1,380. The most common rental property sizes in Red Springs, NC are 3-bedroom and 2-bedroom, accounting for 41.5% and 23.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,380	$1,380
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,380	$1,380
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

21.5%

1 Bedroom

4.6%

2 Bedrooms

23.3%

3 Bedrooms

41.5%

4 Bedrooms

7.8%

5+ Bedrooms

1.3%

Property Listings — Red Springs, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Red Springs, NC is 85. This is a increase of 20.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$256,000	-2.0%
Listing Count	36	47.0%
Listings as % of Homes	0.2%	47.0%
Days on Market	124	37.0%

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Demographics — Red Springs, NC

As of the latest ACS Survey released in 2023, Red Springs, NC has a population of 11,200, which has decreased by -13.5% over the past 5 years. Red Springs, NC is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 12.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	11,200	-13.5%
% Under 18	25.5%	-11.5%
% Seniors	16.0%	25.0%
% WFH	3.2%	113.3%
% w/ College Degree	12.8%	-14.1%

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As of the latest ACS Survey released in 2023, Red Springs, NC is a predominantly black area, with 24.6% of the population identifying as black. The black population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Red Springs, NC is white, making up 15.6% of the population. Foreign-born residents account for 6.2% of the population in Red Springs, NC, and this percentage has decreased by 23.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	15.6%	20.0%
% Black	24.6%	-5.0%
% Hispanic	12.5%	-27.7%
% Asian	0.9%	200.0%
% Foreign Born	6.2%	-23.5%

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Mortgage and Risk — Red Springs, NC

According to HUD data as of 2023, there were 73 mortgage originations in Red Springs, NC, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Red Springs, NC. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	73
% Conventional Loans	64.0%
% Government Loans	36.0%
% Investor Loans	5.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Red Springs, NC

Red Springs, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	261
Total Units Section 8	61
% Rentals under Section 8	4.7%
% Occupied Section 8	76.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$730
2 Bedroom	-$430	$1,380	$950
3 Bedroom	N/A	N/A	$1,340
4 Bedroom	N/A	N/A	$1,610

Red Springs, NC—28377

Key Metrics at a Glance

Home Price Trends — Red Springs, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Red Springs, NC

% of Rental Stock

Property Listings — Red Springs, NC

Demographics — Red Springs, NC

Race and Ethnicity

Mortgage and Risk — Red Springs, NC

Mortgages

Rentals and Section 8 — Red Springs, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Red Springs, NC

Home Price to Income Ratio

Red Springs, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Shannon, NC

Pembroke, NC

Lumber Bridge, NC

Maxton, NC

Lumberton, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$88,000
Median Household Income	$34,900

Red Springs, NC—28377

Key Metrics at a Glance

Home Price Trends — Red Springs, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Red Springs, NC

% of Rental Stock

Property Listings — Red Springs, NC

Demographics — Red Springs, NC

Race and Ethnicity

Mortgage and Risk — Red Springs, NC

Mortgages

Rentals and Section 8 — Red Springs, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Red Springs, NC

Home Price to Income Ratio

Red Springs, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Shannon, NC

Pembroke, NC

Lumber Bridge, NC

Maxton, NC

Lumberton, NC

Frequently Asked Questions

What is the average home price in Red Springs, NC 28377?

How have home prices in Red Springs, NC 28377 changed over the past year?

What is the home price projection for Red Springs, NC 28377?

What are the demographics of Red Springs, NC 28377?

How long does it take homes to sell in Red Springs, NC 28377?

What is the average rent price in Red Springs, NC 28377?