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Affordable
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These days, finding an affordable place to live in the Springwood area can be challenging. Home prices in Springwood are now at a median cost of $494,966, higher than the North Carolina average of $323,314.
The average cost of rent is $1,705/mo in Springwood, primarily driven by the current value of real estate in the Springwood area. In Springwood, 7.77% of households rent, and 29.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Springwood is $12,072 per month. Households that rent pay about 14.12% of their income on rent here. Springwood’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Belmont, NC: less expensive homes
- Cramerton, NC: less expensive homes
- Dixie, NC: less expensive homes
- Lake Wylie, SC: equally priced homes
- McAdenville, NC: less expensive homes
- Lowell, NC: less expensive homes
- Gastonia, NC: less expensive homes
- Ranlo, NC: less expensive homes
- Clover, SC: less expensive homes
- Tega Cay, SC: higher priced homes
Cities with Similar Populations
- Altamont, KS: less expensive homes
- Cayuga, NY: less expensive homes
- Barnesville, PA: less expensive homes
- Belmont, NY: less expensive homes
- Benld, IL: less expensive homes
- Casnovia, MI: less expensive homes
- Burson, CA: higher priced homes
- Bybee, TN: less expensive homes
- Caldwell, WV: less expensive homes
- Caney, OK: less expensive homes
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