Willow Spring, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Willow Spring, 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

Willow Spring Housing Market Information

With a population of 10,642, 2,293 total housing units (homes and apartments), and a median house value of $177,448, 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 84.18% of the town's housing units. Other types of housing that are prevalent in Willow Spring include mobile homes or trailers ( 14.87%).

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 87.61% of Willow Spring's homes, and 90.52% 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 ( 41.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.30%). There's also some housing in Willow Spring built before 1939 ( 1.60%).

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 4.96%, which ranks in the top 40% nationwide. This equates to an annual average Willow Spring house appreciation rate of 0.48%.

NeighborhoodScout's data show that during the latest twelve months, Willow Spring's appreciation rate, at 5.24%, has been at or slightly above the national average. In the latest quarter, Willow Spring's appreciation rate has been 2.42%, which annualizes to a rate of 10.04%.

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 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$177,448

Willow Spring, NC HOME PRICES

Value Range
> $1,156,000 0.9
$867,001 - $1,156,000 0.0
$578,001 - $867,000 2.2
$462,001 - $578,000 2.3
$347,001 - $462,000 3.2
$231,001 - $347,000 18.6
$116,001 - $231,000 60.1
$58,001 - $116,000 5.7
$0 - $58,000 7.0

High for NC
High for Nation

Value Relative to Nation Value Relative to State
39.0132427047932 30.3085299455535

Number Of Homes And Apartments:
2,293

Willow Spring Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
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
25.22% 1.31% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,033 / per month

Homeownership Rate

Homeownership
Owners 87.61
Renters 12.39
Vacant 8.90

Housing Market Details

 

Age of Homes

AGE OF Willow Spring HOMES
2000 or Newer 42.0
1970 - 1999 52.1
1940 - 1969 4.3
1939 or Older 1.6

Types of Homes

TYPE OF Willow Spring HOMES
Single-Family 84.2
Townhomes 0.0
Small Apt. Buildings 0.2
Apt. Complexes 0.7
Mobile Homes 14.9
Other 0.0

Home Size

SIZE OF Willow Spring HOMES
No Bedroom 0.72
1 Bedroom 0.20
2 Bedrooms 7.75
3 Bedrooms 73.55
4 Bedrooms 16.97
5 or more bedrooms 0.81

Popular Neighborhoods in Willow Spring

Zip Codes in Willow Spring, NC