Home Values

Spring Lake Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$97,900

  • -2.7% 1-year change
  • None 1-year forecast

The median home value in Spring Lake is $97,900. Spring Lake home values have declined -2.7% over the past year. The median list price per square foot in Spring Lake is None.

Foreclosures will be a factor impacting home values in the next several years. In Spring Lake 9.6 homes are foreclosed (per 10,000). This is greater than the Fayetteville Metro value of 8.3 and also greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Spring Lake is 3.2%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Spring Lake homeowners underwater on their mortgage is 30.7%, which is higher than Fayetteville Metro at 30.2%.

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Relative ZHVI
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Spring Lake Market Overview

Data through May 31, 2015
  • $97,900 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $138,462 Median sale price
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Spring Lake Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 30.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.2% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

9.6 homes Spring Lake
8.3 homes Fayetteville Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Linden $166,100
Vass $163,900
Lillington $151,000
Name Median ZHVI
Parkton $133,800
Hope Mills $129,000
Wade $128,600
Name Median ZHVI
Broadway $124,700
Fayetteville $107,700
Erwin $84,600

Listings & Sales

  • No data
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Spring Lake Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $820 Spring Lake
    $878 Fayetteville Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $0.69 Rent list price / sq ft
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