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Spring Hope

Learn about the people, housing, costs and businesses in Spring Hope, North Carolina

Median Home$162,500
Median Rent$837/month
Population1,438
Leading IndustriesTransportation · Wholesale Trade · Retail4% transportation
Home Value Growth⬆⬆⬆+31.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners67% of occupied units
NotableTransit80/100 · excellent transit access
NotableAffordable Market$163k median home · lower cost than 69% of the country
Spring Hope
NC

Frequently Asked Questions

What are today's mortgage rates in Spring Hope?

As of today, the 30-year fixed mortgage rate for Spring Hope is approximately 7.042% (7.083% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Spring Hope?

The median home value in Spring Hope is $163k. The median monthly rent is $837. Annual property taxes average $932. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Spring Hope?

Home values in Spring Hope have increased 31.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Spring Hope?

Based on a typical all-in ownership cost of $727/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spring Hope is $45k/year.

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What industries drive the economy in Spring Hope?

The largest employment sectors in Spring Hope are public administration (19%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.