Bread Springs—87305
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bread Springs
Bread Springs lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bread Springs
Bread Springs lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bread Springs
Bread Springs lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Bread Springs
As of the latest ACS Survey released in 2023, Bread Springs has a population of 1,840, which has decreased by -46.0% over the past 5 years. Bread Springs is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 6.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,840 | -46.0% |
% Under 18 | 24.8% | 13.8% |
% Seniors | 12.8% | 43.8% |
% WFH | 10.1% | 62.9% |
% w/ College Degree | 6.0% | 71.4% |
As of the latest ACS Survey released in 2023, Bread Springs is a predominantly white area, with 6.1% of the population identifying as white. The white population has grown by 41.9% in the last 5 years. The second most common race or ethnicity in Bread Springs is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.0% of the population in Bread Springs, and this percentage has decreased by 100.0% 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 | 6.1% | 41.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.9% | -77.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Bread Springs
According to HUD data as of 2023, there were 11 mortgage originations in Bread Springs, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Bread Springs. Investor activity is low, as 0.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 11 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 0.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Bread Springs
Bread Springs lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Bread Springs
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $47,700 |