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City · 11,573 residents · Cumberland County, North Carolina

Spring Lake , North Carolina

In Spring Lake, a typical home is worth $124,000 and typical rent is $1,351 a month. Compared with all of Cumberland County, the typical home value is 38% lower, typical household income is 15% lower, and the share of households that own their home is 35 points lower.

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  • Typical home value

    $124,000

    38% below the county

    57% below North Carolina

    • Spring Lake
    • Cumberland
    • North Carolina

  • Typical rent

    $1,351a month

    11% above the county

    10% above North Carolina

    • Spring Lake
    • Cumberland
    • North Carolina

  • Typical household income

    $51,958a year

    15% below the county

    28% below North Carolina

    • Spring Lake
    • Cumberland
    • North Carolina

  • Households that own their home

    20%

    35 points below the county

    47 points below North Carolina

    • Spring Lake
    • Cumberland
    • North Carolina

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$257,340
about the same as 12 months ago
Typical rent
$1,430 a month
about the same as 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Spring Lake is in Cumberland County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Cumberland County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Spring Lake apart

What this place has that others do not, from public data, most unusual first.

  1. 20% of households in Spring Lake own their home, against 55% in Cumberland County.

  2. Spring Lake has the 6th lowest typical home value of the 166 cities in North Carolina with more than 5,000 people ($124,000).

  3. Nearby, in Hope Mills, the typical rent is $1,141: 16% less than in Spring Lake ($1,351).

  4. The typical household income in Spring Lake is $51,958, 15% less than in Cumberland County as a whole ($61,291).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Spring Lake

What homes there are in Spring Lake, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Homes in Spring Lake are varied: detached houses are the largest group, at 40%, against 65% in Cumberland County.

Year built

The typical year built in Spring Lake is 1990, about the same as in Cumberland County (1988).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,138 a month

Cumberland County: $1,508 a month

Without a mortgage

$338 a month

Cumberland County: $519 a month

Owners with a mortgage

56%

Cumberland County: 66%

Owning costs less in Spring Lake: with a mortgage, the typical cost is $1,138 a month; in Cumberland County, $1,508. Without one, $338.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, home values in Spring Lake moved so little that the Census cannot say whether they rose or fell.

Much as in Cumberland County, the typical rent in Spring Lake rose 31% since 2015–2019.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSpring LakeCumberland CountyNorth CarolinaUnited States
Rental vacancy 6.8%5.5%7.1%5.5%
Homeowner vacancy Unreliable estimate1.1%1.3%0.9%
More than one person per room Unreliable estimate2.6%2.2%3.4%
People per household 2.392.482.442.53
Drive alone 73%76%72%69%
Carpool 14%10%9%9%
Public transit Unreliable estimate0%1%3%
Walk or bike 9%5%2%3%
Work from home 3%8%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

In Spring Lake, the rental vacancy rate is 6.8%; in Cumberland County, 5.5%.

By size, households in Spring Lake look like those in Cumberland County: 2.39 people on average.

In Spring Lake, 14% of workers share a car to get to work; in Cumberland County, 10%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Spring Lake?

A typical home is within reach of the typical income

We start with a typical home in Spring Lake, worth $124,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 25% of the typical household income in Spring Lake, which is $51,958 a year.

The calculator's FHA and conventional loan limits are those of all of Cumberland County.

Your numbers

Local data
$

Starts at the typical home value in Spring Lake. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,340 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,068

at 7.18% · 30 years

Loan amount
$121,754
Total interest
$175,176
Paid off in
November 2056

Includes $2,094 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,212 a month

    Your payment · 25%

  • Tight

    $1,212 to $1,559 a month

  • Hard

    more than $1,559 a month

Compared with the typical household income in Spring Lake ($51,958 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,068
Principal & interest$825
Property tax$136
Home insurance$52
FHA mortgage insurance (MIP)$55

You need at least $4,340 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Spring Lake and Cumberland County

Spring Lake is in Cumberland County, North Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Spring Lake's own numbers

Typical home value
$124,000
Typical monthly rent
$1,351
Typical yearly household income
$51,958
Households that own their home
20%
Effective property tax rate
1.32%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Cumberland County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,476
Price change over 5 years (FHFA)
+67%
Homes in a high flood-risk zone
0.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Cumberland County.

Everything about Cumberland County

Buying

Buying a home in Spring Lake

A typical home in Spring Lake is worth $124,000: 38% below the county and 57% below North Carolina. With the typical household income in Spring Lake ($51,958 a year), a typical home costs 2.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Spring Lake 2.4 years
  • Cumberland 3.3 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Cumberland County

According to FHFA’s house price index, home prices in Cumberland County rose 87% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Cumberland County.

Period County North Carolina U.S.
Last year (2025) +4.0% +2.5% +2.9%
5 years (2020–2025) +67% +60% +47%
10 years (2015–2025) +87% +107% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Spring Lake next to Cumberland County, North Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Spring Lake $124,000
  • Cumberland $199,200
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Spring Lake $1,351
  • Cumberland $1,222
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Spring Lake $51,958
  • Cumberland $61,291
  • North Carolina $72,388
  • United States $80,734
See the full table
Spring Lake next to Cumberland County and North Carolina
Measure Spring Lake Cumberland County North Carolina U.S.
Typical home value $124,000 $199,200 $288,900 $332,700
Typical monthly rent $1,351 $1,222 $1,228 $1,413
Typical yearly household income $51,958 $61,291 $72,388 $80,734
Households that own their home 20% 55% 67% 65%
Typical yearly property tax $1,637 $1,850 $1,896 $3,119
Effective property tax rate 1.32% 0.93% 0.66% 0.94%
Renters with high rent for their income 52% 52% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cumberland County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Spring Lake

For a typical $124,000 home in Spring Lake, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Spring Lake's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,068a month

    Least cash to close
    Down payment
    $4,340
    Cash to close
    $8,060
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $55

  • Conventional, 5% down $1,045a month

    Down payment
    $6,200
    Cash to close
    $9,920
    Rate
    7.18%
    Mortgage insurance
    PMI · $59

  • Conventional, 20% down, no PMI $860a month

    Down payment
    $24,800
    Cash to close
    $28,520
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $975a month

    Down payment
    $18,600
    Cash to close
    $22,320
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Spring Lake and for Cumberland County.

Property tax

Effective rate in Spring Lake

1.32%of the home’s value each year

$1,637 a year for the typical owner in Spring Lake.

  • Spring Lake 1.32%
  • Cumberland 0.93%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in Cumberland County

FEMA does not publish these numbers by city: they are for all of Cumberland County.

Homes in the high-risk zone
0.9%
1,035
Of those, with NFIP insurance
33%
County North Carolina U.S.
Homes in the high-risk zone 0.9% 2.8% 3.5%
Of those, with NFIP insurance 33% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Spring Lake

Typical rent in Spring Lake is $1,351 a month: 11% above the county. In Spring Lake, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Cumberland County, by unit size. To pay the 2-bedroom one ($1,476 a month) without spending more than 30% of your income, you would need to earn $28.38 an hour working full time.

HUD fair market rent for all of Cumberland County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,302 $25.04 $52,080
1 bedroom $1,334 $25.65 $53,360
2 bedrooms $1,476 $28.38 $59,040
3 bedrooms $1,937 $37.25 $77,480
4 bedrooms $2,380 $45.77 $95,200

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Spring Lake

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Spring Lake has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,320 in 28390 to $1,560 in 28310.

2 of the 3 are above the fair market rent for Cumberland County ($1,476).

  • 28308 $1,490$1,990
  • 28310 $1,560$2,070
  • 28390 $1,320$1,780

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Spring Lake when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Spring Lake

HUD lists 2 buildings with rents for lower incomes in Spring Lake. These are the largest.

  • Cumberland Gardens 812 McLamb Ct, Spring Lake 28390 100 low-income homes · For families (910) 497-2948
  • Spring Lake Green Apartments 612 Wellingly Cir, Spring Lake 28390 48 low-income homes · 2 bd: 36 · 3 bd: 12 · In service since 2010 · For families

See all 76 buildings in Cumberland County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Spring Lake

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Cumberland County; 1 says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Spring Lake

No down payment, repair or rent-help program on our list is for Spring Lake or Cumberland County. The ones below are statewide in North Carolina: they work in Spring Lake the same as in the rest of the state.

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near Spring Lake

The HUD-approved agencies closest to the center of Spring Lake, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Kingdom Community Development Corporation

    129 N Main St, Spring Lake · 2 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (910) 484-2722

  • North Carolina Community Housing and Consulting, Inc

    321 Dick St Ste 102, Fayetteville · 12 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (910) 849-0113

  • Brick Capital Community Development Corporation

    822 S Horner Blvd, Sanford · 22 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    919-775-2300x3

Every agency in Cumberland County All counseling agencies in North Carolina

Help in Spanish near Spring Lake

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Spring Lake

In HUD’s record, no housing authority with an office in Cumberland County is named for Spring Lake or Cumberland County.

One other authority has an office in Cumberland County: see the list Source: HUD

Cities

Other cities in Cumberland County

These cities are also in Cumberland County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Cumberland County Housing in North Carolina

Nearby cities

The cities closest to Spring Lake, with the typical home value.

Neighboring counties

If Cumberland County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Spring Lake.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Spring Lake

Short answers with the numbers for Spring Lake and all of Cumberland County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Spring Lake?

The typical home value in Spring Lake is $124,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cumberland County it is $199,200.

How much does it cost to rent in Spring Lake?

Typical rent in Spring Lake is $1,351 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cumberland County is $1,476.

What is the FHA loan limit in Spring Lake?

Spring Lake uses the FHA limit for all of Cumberland County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Spring Lake?

The typical homeowner in Spring Lake pays $1,637 a year, according to the U.S. Census Bureau. That is 1.32% of the home’s value; in Cumberland County, the rate is 0.93%.

Where can I find free help to buy or rent in Spring Lake?

There are 2 HUD-approved counseling agencies with an office in Cumberland County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).