menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Willow Spring, NC Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Willow Spring, NC Housing Market Trends

With 15,721 people, 1,060 houses or apartments, and a median cost of homes of $382,145, Willow Spring real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Willow Spring, accounting for 81.36% of the town's housing units. Other types of housing that are prevalent in Willow Spring include mobile homes or trailers ( 16.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Willow Spring. Owner-occupied housing accounts for 83.88% of Willow Spring's homes, and 87.78% have either three or four bedrooms, which is average sized relative to America.

Willow Spring homes and real estate are some of the newest in America. 49.14% of Willow Spring's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Willow Spring real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.34%), and between 1940-1969 ( 3.96%). There's also some housing in Willow Spring built before 1939 ( 1.56%).

Willow Spring Home Appreciation Rates

Appreciation rates for homes in Willow Spring have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.84%, which ranks in the top 30% nationwide. This equates to an annual average Willow Spring house appreciation rate of 7.64%.

Over the last year, Willow Spring appreciation rates have trailed the rest of the nation. In the last twelve months, Willow Spring's appreciation rate has been -0.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Willow Spring were at 4.25%, which equates to an annual appreciation rate of 18.12%.

Relative to North Carolina, our data show that Willow Spring's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Willow Spring differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Willow Spring - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Willow Spring real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$382,145

Willow Spring, NC Home Prices
> $1,559,000
$1,169,001 - $1,559,000
$779,001 - $1,169,000
$623,001 - $779,000
$468,001 - $623,000
$312,001 - $468,000
$156,001 - $312,000
$78,001 - $156,000
$0 - $78,000
0.4%
0.4%
0.4%
0.4%
2.7%
2.7%
5.2%
5.2%
16.7%
16.7%
39.7%
39.7%
27.5%
27.5%
4.3%
4.3%
3.1%
3.1%
0% 100.0%
% of Homes
High

for North carolina

High

for nation

Number of Homes And Apartments:

1,060

Willow Spring Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,100 / per month

Homeownership Rate

Owners
Renters
Vacant
83.9%
83.9%
16.1%
16.1%
7.1%
7.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
49.1%
49.1%
45.3%
45.3%
4.0%
4.0%
1.6%
1.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.4%
81.4%
0.9%
0.9%
0.0%
0.0%
1.0%
1.0%
16.8%
16.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
1.4%
1.4%
7.7%
7.7%
63.1%
63.1%
24.7%
24.7%
1.6%
1.6%
0% 100.0%
% of Homes