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Affordable
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These days, finding an affordable place to live in the Mill Spring area can be challenging. Home prices in Mill Spring are now at a median cost of $278,702, lower than the North Carolina average of $323,314.
The average cost of rent is $671/mo in Mill Spring, primarily driven by the current value of real estate in the Mill Spring area. In Mill Spring, 22.12% of households rent, and 59.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mill Spring is $5,597 per month. Households that rent pay about 11.99% of their income on rent here. Mill Spring’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sunny View, NC: equally priced homes
- Pea Ridge, NC: less expensive homes
- Columbus, NC: higher priced homes
- Lynn, NC: higher priced homes
- Tryon, NC: higher priced homes
- Green Hill, NC: equally priced homes
- Lake Lure, NC: higher priced homes
- Upward, NC: equally priced homes
- Chimney Rock Village, NC: higher priced homes
- Chimney Rock, NC: higher priced homes
Cities with Similar Populations
- Kirkwood, NY: less expensive homes
- Shannon, MS: less expensive homes
- Sneedville, TN: less expensive homes
- Sautee Nacoochee, GA: higher priced homes
- Salina, OK: less expensive homes
- Rock Rapids, IA: less expensive homes
- Rising Fawn, GA: equally priced homes
- Ridgeley, WV: less expensive homes
- Richmond, MN: higher priced homes
- Reno, TX: less expensive homes
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