Housing data for Spring Hope, NC
Spring Hope, NC has an estimated 1,387 residents and 724 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Nash County.
47.8% of households rent.
The median gross rent is $763 a month.
Figures last updated on .
- Residents
- 1,387 (±282)
- Housing units
- 724 (±115)
- Households that rent
- 47.8%
- Median gross rent
- $763
- Residents since 2015–2019
- −17.8%
What stands out in Spring Hope
Homes in buildings of 5 or more units: 14.8% (±6.4 points) in Spring Hope, higher than in Nash County (7.7%).
Median household income: $38,393 (±$14,440) in Spring Hope, lower than in Nash County ($62,426).
Homes built before 1980: 60.8% (±13.5 points) in Spring Hope, higher than in Nash County (40.4%).
Households that rent: 47.8% (±9.1 points) in Spring Hope, higher than in Nash County (36.4%).
- Types of homes in Spring Hope
- Income and affordability in Spring Hope
- Age of homes in Spring Hope
- Renters and owners in Spring Hope
Housing in Spring Hope at a glance
- Median rent: $763 median gross rent a month
- Rent by bedrooms: $754 median gross rent, 2 bedrooms
- Rent burden: 46.5% of renters pay 30% or more of income
- Renters and owners: 47.8% of households rent
- Income and affordability: $38,393 median household income
- Home values: $161,000 median home value
- Homeowner costs: $1,381 median monthly cost with a mortgage
- Property taxes: $1,181 median real estate taxes a year
- Types of homes: 14.8% of homes are in buildings of 5 or more units
- Bedrooms: 57.9% of homes have 3 or more bedrooms
- Age of homes: 60.8% of homes were built before 1980
- Vacancy rate: 1.3% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 74.1% heat with electricity
- Commute and cars: 29.8 minutes average trip to work
- Growth: −17.8% residents since 2015–2019
- How long people stay: 25.2% moved in since 2020
- Crowding and facilities: 4.1% of homes have more than 1 person per room (Small sample: wide margin of error)
Spring Hope against Nash County, its state and the nation
| Spring Hope | Nash County | North Carolina | United States | |
|---|---|---|---|---|
| Residents | 1,387 (±282) | 96,216 (exact) | 10,730,404 (exact) | 334,922,499 |
| Housing units | 724 (±115) | 43,797 (±152) | 4,895,668 (±642) | 143,775,355 |
| Households that rent | 47.8% (±9.1 points) | 36.4% (±1.8 points) | 33.4% (±0.2 points) | 34.8% |
| Median gross rent | $763 (±$253) | $953 (±$29) | $1,228 (±$5) | $1,413 |
| Median household income | $38,393 (±$14,440) | $62,426 (±$2,990) | $72,388 (±$324) | $80,734 |
| Median home value | $161,000 (±$22,521) | $191,000 (±$9,931) | $288,900 (±$1,086) | $332,700 |
| Median real estate taxes (a year) | $1,181 (±$103) | $1,362 (±$47) | $1,896 (±$8) | $3,119 |
| Built before 1980 | 60.8% (±13.5 points) | 40.4% (±2.5 points) | 33.9% (±0.2 points) | 49.7% |
| Average commute | 29.8 minutes (±4.6) | 23.7 minutes (±0.9) | 25.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 79.5% (±10.0 points) | 84.7% (±1.8 points) | 90.1% (±0.2 points) | 91.0% |
| Median age of residents | 53.4 years (±3.8) | 41.5 years (±0.5) | 39.1 years (±0.2) | 38.9 years |
Spring Hope covers 1.5 square miles of land, about 917 residents per square mile (Census Bureau Gazetteer).
How Spring Hope has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,687 (±378) | 1,387 (±282) | −17.8% | Not a measurable change |
| Housing units | 760 (±103) | 724 (±115) | −4.7% | Not a measurable change |
| Median gross rent | $687 (±$143) | $763 (±$253) | +11.1% | No measurable change after inflation |
| Median home value | $101,300 (±$12,662) | $161,000 (±$22,521) | +58.9% | Up after inflation |
| Median household income | $32,017 (±$12,817) | $38,393 (±$14,440) | +19.9% | No measurable change after inflation |
| Median owner cost with a mortgage | $998 (±$117) | $1,381 (±$214) | +38.4% | No measurable change after inflation |
| Median real estate taxes | $862 (±$197) | $1,181 (±$103) | +37.0% | No measurable change after inflation |
| Households that rent | 62.8% (±8.3 points) | 47.8% (±9.1 points) | −15.0 percentage points | Measurable decrease |
| Rental vacancy rate | 1.6% (±2.9 points) | 1.3% (±1.9 points) | −0.3 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Places near Spring Hope
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Momeyer | 3.6 mi | $817 | $98,800 | 14.9% |
| Lake Royale | 4.9 mi | $1,390 | $280,400 | 5.5% |
| Bunn | 8.1 mi | $1,067 | $256,300 | 34.8% |
| Nashville | 8.7 mi | $1,073 | $205,300 | 48.0% |
| Castalia | 10.0 mi | $654 | $52,500 | 34.0% |
| Bailey | 11 mi | $814 | $155,700 | 41.7% |
| Middlesex | 12 mi | $645 | $216,900 | 36.6% |
| Sims | 13 mi | $1,027 | $196,900 | 14.8% |
Places in North Carolina most like Spring Hope
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Oxford | $995 | $196,200 | $43,054 | 47.1% |
| Selma | $820 | $171,600 | $41,368 | 56.9% |
| Walnut Cove | $674 | $217,300 | $44,815 | 45.3% |
| Coats | $909 | $125,200 | $37,009 | 51.6% |
| Roxboro | $860 | $157,700 | $36,553 | 49.3% |
| Mayodan | $817 | $120,600 | $38,446 | 40.3% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across North Carolina.
HUD Fair Market Rent for Spring Hope, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $967 | $972 | $1,167 | $1,567 | $1,787 |
HUD income limits for Spring Hope, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $16,850 | $28,100 | $44,950 |
| 2 people | $21,640 | $32,100 | $51,350 |
| 3 people | $27,320 | $36,100 | $57,750 |
| 4 people | $33,000 | $40,100 | $64,150 |
| 5 people | $38,680 | $43,350 | $69,300 |
| 6 people | $44,360 | $46,550 | $74,450 |
| 7 people | $49,750 | $49,750 | $79,550 |
| 8 people | $52,950 | $52,950 | $84,700 |
These are the limits HUD sets for its housing programs in the Rocky Mount, NC MSA, where HUD’s median family income for fiscal year 2026 is $80,200.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Spring Hope
What is the average rent in Spring Hope, NC?
The Census Bureau publishes the median rather than the average: the median gross rent in Spring Hope is $763 (±$253) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Spring Hope?
The median gross rent for a one-bedroom home in Spring Hope, NC is $363 (±$119) a month (2020–2024 American Community Survey).
Are renters in Spring Hope rent-burdened?
46.5% of renting households in Spring Hope pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Spring Hope?
Spring Hope has an estimated 315 (±74) renting households, 47.8% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Spring Hope?
The median household income in Spring Hope is $38,393 (±$14,440) a year (2020–2024 American Community Survey).
What is the average home value in Spring Hope, NC?
The Census Bureau publishes the median: $161,000 (±$22,521) for owner-occupied homes in Spring Hope (2020–2024 American Community Survey).
Is Spring Hope growing?
In Spring Hope, the number of residents went from 1,687 in 2015–2019 to 1,387 in 2020–2024 (−17.8%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Spring Hope town, North Carolina
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spring Hope town, North Carolina
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Spring Hope town, North Carolina
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Spring Hope town, North Carolina
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Spring Hope town, North Carolina
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Spring Hope town, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Spring Hope town, North Carolina
- HUD Fair Market Rents, fiscal year 2027: Rocky Mount, NC MSA
- HUD Income Limits, fiscal year 2026: Rocky Mount, NC MSA
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Spring Hope town, North Carolina (place:64160, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .