Home prices
The median home in Spring Hope costs $101,300. In comparison to other places in this area it is roughly $16,820 (14%) lower.It is about $116,200 (53%) lower compared to the entire nation, and compared to the city of Raleigh it is approximately $147,000 (59%) lower.
Rents
Spring Hope's median rent is $687 per month. This is approximately $157 (18%) lower in comparison to its surrounding areas.It is approximately $375 (35%) lower compared to the rest of the nation, and compared to the city of Raleigh is about $434 (38%) lower.
Nearby places
Lake Royale
Lake Royale is roughly 4 miles west from Spring Hope. Its housing prices are significantly more expensive. The median home in Lake Royale costs $209,800, which is $108,500 (51%) higher than Spring Hope. Rent there is significantly more expensive. The median monthly rent in Lake Royale is $1,129, which works out to $442 (39%) higher than Spring Hope.
Bunn
Bunn is roughly 7 miles west from Spring Hope. The real estate prices there are somewhat less expensive. The value of the median home in Bunn is $85,000, which works out to $16,300 (19%) lower than Spring Hope. Rent there is similar. The median monthly rent in Bunn is $721, which is $34 (4%) higher than Spring Hope.
Nashville
Nashville is roughly 7 miles east from Spring Hope. Real estate prices there are a bit more expensive. The cost of the median home in Nashville is $136,900, which comes out to $35,600 (26%) higher than Spring Hope. Rents there are a little more expensive. The median rent in Nashville is $865 per month, which works out to $178 (20%) higher than Spring Hope.
Castalia
Castalia is about 10 miles north of Spring Hope. Real estate prices there are substantially less expensive. The median home cost in Castalia is $51,700, which comes out to $49,600 (95%) lower than Spring Hope. The rent there is a bit less expensive. In Castalia the median monthly rent is $602, which comes out to $85 (14%) lower than Spring Hope.
Bailey
Bailey is approximately 11 miles south of Spring Hope. The housing prices there are somewhat more expensive. Bailey's median home price is $107,200, which comes out to $5,900 (5%) higher than Spring Hope. The rent there is somewhat more expensive. The median rent in Bailey is $903 per month, which is $216 (23%) higher than Spring Hope.
