Spruce Pine, NC


Highest Appreciating Spruce Pine Neighborhoods Since 2000

Spruce Pine, NC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Spruce Pine Housing Market Information

With 2,134 people, 922 houses or apartments, and a median cost of homes of $113,826, house prices in Spruce Pine are solidly below the national average.

Single-family detached homes are the single most common housing type in Spruce Pine, accounting for 66.29% of the town's housing units. Other types of housing that are prevalent in Spruce Pine include duplexes, homes converted to apartments or other small apartment buildings ( 11.58%), mobile homes or trailers ( 10.45%), and a few large apartment complexes or high rise apartments ( 10.45%).

The most prevalent building size and type in Spruce Pine are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.72% owning and 46.28% renting.

There is a lot of housing in Spruce Pine built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Spruce Pine built between 1940-1969 ( 41.81%). A lesser amount of the housing stock also hails from before 1939 ( 8.85%). There's also some housing in Spruce Pine built between 2000 and later ( 6.87%).

Vacant housing appears to be an issue in Spruce Pine. Fully 13.18% of the housing stock is classified as vacant. Left unchecked, vacant Spruce Pine homes and apartments can be a drag on the real estate market, holding Spruce Pine real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Spruce Pine Home Appreciation Rates

Appreciation rates for homes in Spruce Pine have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.31%, which ranks in the top 50% nationwide. This equates to an annual average Spruce Pine house appreciation rate of 0.13%.

Over the last year, Spruce Pine appreciation rates have trailed the rest of the nation. In the last twelve months, Spruce Pine's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Spruce Pine were at -0.54%, which equates to an annual appreciation rate of -2.13%.

Notably, Spruce Pine's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Spruce Pine's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

Average Home Values


Median Home Value:


Value Range
> $1,031,000 0.4
$773,001 - $1,031,000 0.0
$516,001 - $773,000 2.3
$413,001 - $516,000 1.6
$309,001 - $413,000 7.0
$206,001 - $309,000 17.3
$103,001 - $206,000 35.4
$52,001 - $103,000 22.4
$0 - $52,000 13.6

Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
69.0319934372436 67.8765880217786

Number Of Homes And Apartments:

Spruce Pine Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
32.34% 1.64% 7 4
* 10 is highest

Rent & Ownership


Average Market Rent:
$734 / per month

Homeownership Rate

Owners 53.72
Renters 46.28
Vacant 13.18

Housing Market Details


Age of Homes

AGE OF Spruce Pine HOMES
2000 or Newer 6.9
1970 - 1999 42.5
1940 - 1969 41.8
1939 or Older 8.9

Types of Homes

Single-Family 66.3
Townhomes 1.2
Small Apt. Buildings 11.6
Apt. Complexes 10.5
Mobile Homes 10.5
Other 0.0

Home Size

No Bedroom 0.09
1 Bedroom 9.70
2 Bedrooms 30.60
3 Bedrooms 45.39
4 Bedrooms 11.77
5 or more bedrooms 2.45

Popular Neighborhoods in Spruce Pine

Zip Codes in Spruce Pine, NC