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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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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 14,860 people, 1,008 houses or apartments, and a median cost of homes of $364,402, 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 79.73% of the town's housing units. Other types of housing that are prevalent in Willow Spring include mobile homes or trailers ( 18.55%).

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 83.93% of Willow Spring's homes, and 86.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Willow Spring 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 Willow Spring built between 2000 and later ( 47.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.79%). There's also some housing in Willow Spring built before 1939 ( 1.39%).

Willow Spring Home Appreciation Rates

In the last 10 years, Willow Spring has experienced some of the highest home appreciation rates of any community in the nation. Willow Spring real estate appreciated 103.30% over the last ten years, which is an average annual home appreciation rate of 7.35%, putting Willow Spring in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Willow Spring definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Willow Spring that despite a nationwide downturn in the housing market, Willow Spring real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Willow Spring appreciation rates continue to be some of the highest in America, at 27.60%, which is higher than appreciation rates in 98.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Willow Spring. Willow Spring appreciation rates in the latest quarter were at 6.07%, which equates to an annual appreciation rate of 26.56%.

Importantly, this makes Willow Spring one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to North Carolina, our data show that Willow Spring's latest annual appreciation rate is higher 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:
$364,402

Willow Spring, NC HOME PRICES

> $1,602,000
$1,202,001 - $1,602,000
$801,001 - $1,202,000
$641,001 - $801,000
$481,001 - $641,000
$320,001 - $481,000
$160,001 - $320,000
$80,001 - $160,000
$0 - $80,000
0.0%
0.0%
0.0%
0.0%
1.5%
1.5%
1.9%
1.9%
12.6%
12.6%
37.5%
37.5%
35.5%
35.5%
4.5%
4.5%
6.4%
6.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for NC

Value Relative To Nation

Number Of Homes And Apartments:
1,008

Willow Spring Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
120.73% 3.58%
7
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,416 / per month

Homeownership Rate

Owners
Renters
Vacant
83.9%
83.9%
16.1%
16.1%
8.5%
8.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
47.3%
47.3%
47.5%
47.5%
3.8%
3.8%
1.4%
1.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.7%
79.7%
0.6%
0.6%
0.4%
0.4%
0.7%
0.7%
18.5%
18.5%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
2.5%
2.5%
8.3%
8.3%
66.7%
66.7%
20.0%
20.0%
1.4%
1.4%
0.0% 100.0%
% OF HOMES