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

$99,100

  • -5.3% 1-year change
  • None 1-year forecast

The median home value in Spring Lake is $99,100. Spring Lake home values have declined -5.3% over the past year. The median list price per square foot in Spring Lake is $96, which is higher than the Fayetteville Metro average of $83. The median price of homes currently listed in Spring Lake is $199,900 while the median price of homes that sold is $186,325. The median rent price in Spring Lake is $1,009, which is higher than the Fayetteville Metro median of $875.

Foreclosures will be a factor impacting home values in the next several years. In Spring Lake 7.8 homes are foreclosed (per 10,000). This is greater than the Fayetteville Metro value of 7.7 and also greater than the national value of 4.2

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 3.8%, which is lower than the national value of 6.4%. 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 33.4%, which is higher than Fayetteville Metro at 32.1%.

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Relative ZHVI
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Spring Lake Market Overview

Data through Nov 30, 2014
  • $99,100 ZHVI
  • No data 1-yr forecast
  • $199,900 Median listing price
  • $186,325 Median sale price (Sep 30, 2014)
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Spring Lake Market Health

Data through Nov 30, 2014
  • 1.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 33.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

7.8 homes Spring Lake
7.7 homes Fayetteville Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Linden $172,000
Vass $160,400
Lillington $151,800
Name Median ZHVI
Parkton $139,100
Wade $134,600
Hope Mills $127,400
Name Median ZHVI
Broadway $124,500
Fayetteville $106,600
Erwin $82,900

Listings & Sales

Data through Nov 30, 2014
  • $96 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
32.1%
Sold below listing
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Spring Lake Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $833 Spring Lake
    $882 Fayetteville Metro
    $1,342 United States

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

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,009 Rent list price
  • $0.71 Rent list price / sq ft
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