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Spring Hope, NC

Full City Profile · North Carolina · Wake County County

2.6 /5.0
C+ Fair
1,334 Population 883/sq mi density
$35,577 Median Income $26,721 per capita
$142,400 Home Value $230,996 Zillow
$743 Median Rent 28.1% income on rent
61°F Avg Temperature 310 sunny days/yr
302 Violent Crime/100K 1,208 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$35,577 median income, 3.0% unemployment
A
Affordability
4.4 / 5.0
$142,400 home value, $743/mo rent
F
Safety
1.0 / 5.0
302 violent crimes/100K
D
Education
1.9 / 5.0
10.8% bachelor's degree or higher

Housing Overview

Median Home Value
$142,400
49% below
US avg: $281,900
Median Rent
$743/mo
36% below
US avg: $1,163/mo
Homeownership Rate
44.0%
33% below US avg (65.4%)
Total Housing Units
814
Median year built: 1971

Home Value by Source

Census Median
$142,400
Zillow (ZHVI)
$230,996
Median Sale Price
$224,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

44.0%
Owner-Occupied
56.0%
Renter-Occupied
44%
56%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent: $743/mo

Market Indicators (Redfin)

Median Days on Market
106 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
2
Price Drops
20.0%
of listings with price reduction
Price Per Sq Ft
$157
Active Inventory
5
homes for sale

Affordability & Housing Stock

Rent Burden
28.1%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
44.0%

Complete Housing Data

Home Values

Census Median Value$142,400
Zillow Home Value (ZHVI)$230,996
Median Sale Price$224,000
Price Per Sq Ft$157

Rent

Census Median Rent$743
FMR Studio$932
FMR 1-Bedroom$981
FMR 2-Bedroom$1,161
FMR 3-Bedroom$1,499
FMR 4-Bedroom$1,780

Market

Days on Market106
Sale-to-List Ratio0.9%
Price Drops20.0%
Homes Sold2
Active Inventory5
Price Per Sq Ft$157

Ownership & Stock

Owner-Occupied44.0%
Renter-Occupied56.0%
Homeownership Rate44.0%
Total Housing Units814
Median Year Built1971
Rent Burden28.1%