Spring Lake, NC 28390 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Spring Lake, NC—28390

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$241,000

0.0% YoY Growth

Household Income

$58,800

26.1% YoY Growth

Days on Market

38.0% Longer YoY

Home Price Forecast

3.2%

Median Rent

$1,400

2.0% YoY Growth

1-Bed Rent

$936

30.3% YoY Growth

2-Bed Rent

$1,150

5.0% YoY Growth

3-Bed Rent

$1,750

16.7% YoY Growth

Home Price Trends — Spring Lake, NC

As of Dec '25, the median home price in Spring Lake, NC is $241,000, with a year-over-year change of 0.0%. This indicates that home prices in Spring Lake, NC are flat. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$241,000	0.0%
Single Family	$242,000	0.0%
Condos	$225,000	0.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Spring Lake, NC

As of July '25, Rentcast reports the average rent in Spring Lake, NC is $1,560, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Spring Lake, NC is 1-bedrooms: $984, 2-bedrooms: $1,140, 3-bedrooms: $1,750, 4-bedrooms: $2,160. The most common rental property sizes in Spring Lake, NC are 2-bedroom and 3-bedroom, accounting for 40.5% and 35.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,560
Studio Rent	N/A	N/A
1 Bed Rent	$936	$984
2 Bed Rent	$1,150	$1,140
3 Bed Rent	$1,750	$1,750
4 Bed Rent	$2,200	$2,160

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% of Rental Stock

Studio

1.7%

1 Bedroom

10.2%

2 Bedrooms

40.5%

3 Bedrooms

35.0%

4 Bedrooms

9.2%

5+ Bedrooms

3.3%

Property Listings — Spring Lake, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Spring Lake, NC is 76. This is a increase of 41.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$332,000	3.0%
Listing Count	138	12.0%
Listings as % of Homes	0.9%	12.0%
Days on Market	85	38.0%

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Demographics — Spring Lake, NC

As of the latest ACS Survey released in 2023, Spring Lake, NC has a population of 24,200, which has increased by 1.5% over the past 5 years. Spring Lake, NC is a popular place for families, as children make up 28.2% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	24,200	1.5%
% Under 18	28.2%	1.4%
% Seniors	9.1%	18.2%
% WFH	6.0%	100.0%
% w/ College Degree	27.7%	23.1%

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As of the latest ACS Survey released in 2023, Spring Lake, NC is a predominantly white area, with 41.4% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Spring Lake, NC is black, making up 34.0% of the population. Foreign-born residents account for 6.6% of the population in Spring Lake, NC, and this percentage has increased by 17.9% 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	41.4%	-8.0%
% Black	34.0%	10.0%
% Hispanic	13.8%	-7.4%
% Asian	1.7%	-34.6%
% Foreign Born	6.6%	17.9%

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Mortgage and Risk — Spring Lake, NC

According to HUD data as of 2023, there were 565 mortgage originations in Spring Lake, NC, of which 31.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 61.0% above 90% LTV (very high). This implies large mortgage risk in Spring Lake, NC. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	565
% Conventional Loans	31.0%
% Government Loans	69.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Spring Lake, NC

As of 2024, the percent of homes in Spring Lake, NC under the Section 8 program is 5.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Spring Lake, NC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	254
Total Units Section 8	254
% Rentals under Section 8	5.3%
% Occupied Section 8	91.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$74	$936	$1,010
2 Bedroom	$20	$1,150	$1,170
3 Bedroom	-$150	$1,750	$1,600
4 Bedroom	-$220	$2,200	$1,980

Spring Lake, NC—28390

Key Metrics at a Glance

Home Price Trends — Spring Lake, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spring Lake, NC

% of Rental Stock

Property Listings — Spring Lake, NC

Demographics — Spring Lake, NC

Race and Ethnicity

Mortgage and Risk — Spring Lake, NC

Mortgages

Rentals and Section 8 — Spring Lake, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Spring Lake, NC

Home Price to Income Ratio

Spring Lake, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Pope Field

Normandy Heights, NC

Fayetteville, NC

Fayetteville, NC

Nijmegen

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$241,000
Median Household Income	$58,800

Spring Lake, NC—28390

Key Metrics at a Glance

Home Price Trends — Spring Lake, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spring Lake, NC

% of Rental Stock

Property Listings — Spring Lake, NC

Demographics — Spring Lake, NC

Race and Ethnicity

Mortgage and Risk — Spring Lake, NC

Mortgages

Rentals and Section 8 — Spring Lake, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Spring Lake, NC

Home Price to Income Ratio

Spring Lake, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Pope Field

Normandy Heights, NC

Fayetteville, NC

Fayetteville, NC

Nijmegen

Frequently Asked Questions

What is the average home price in Spring Lake, NC 28390?

How have home prices in Spring Lake, NC 28390 changed over the past year?

What is the home price projection for Spring Lake, NC 28390?

What are the demographics of Spring Lake, NC 28390?

How long does it take homes to sell in Spring Lake, NC 28390?

What is the average rent price in Spring Lake, NC 28390?