The Most Affordable Neighborhoods in Spring Lake, NC by Home Value

These days, finding an affordable place to live in the Spring Lake area can be challenging. Home prices in Spring Lake are now at a median cost of $189,683, lower than the North Carolina average of $323,314.

The average cost of rent is $1,252/mo in Spring Lake, primarily driven by the current value of real estate in the Spring Lake area. In Spring Lake, 53.43% of households rent, and 35.03% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Spring Lake is $5,168 per month. Households that rent pay about 24.22% of their income on rent here. Spring Lake’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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