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Spruce Pine

Learn about the people, housing, costs and businesses in Spruce Pine, North Carolina

Median Home$210,048
Median Rent$803/month
Population2,265
Leading IndustriesRetail · Public Administration18% retail
Home Value Growth+7.5% over 2 years
Young Adults29% of residentsslightly above average
Homeowners73% of occupied units
NotableAmenity Score72/100 · highly walkable area
Spruce Pine
NC

Frequently Asked Questions

What are today's mortgage rates in Spruce Pine?

As of today, the 30-year fixed mortgage rate for Spruce Pine is approximately 7.115% (7.161% 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 Spruce Pine?

The median home value in Spruce Pine is $210k. The median monthly rent is $803. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Spruce Pine?

Home values in Spruce Pine have increased 7.5% over the past two years. This represents moderate growth. 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 Spruce Pine?

Based on a typical all-in ownership cost of $654/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spruce Pine is $53k/year.

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What industries drive the economy in Spruce Pine?

The largest employment sectors in Spruce Pine are public administration (27%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.