There are currently 3,549 real estate properties in Spruce Pine, NC, with a median automated valuation model (AVM) price of $214,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Spruce Pine, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Spruce Pine, NC, is $245,604.00, with the most expensive house in Spruce Pine, NC, topping out at $1,705,981.00 and the cheapest home in Spruce Pine, NC, clocking in at $16,550.00. In other words, there’s something for every potential homebuyer or savvy investor in Spruce Pine, NC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spruce Pine, NC, is on a rollercoaster ride. The average rent price in Spruce Pine, NC, is $1,042.00. Indeed, when looking to rent in Spruce Pine, NC, you can expect to pay as little as $410.00 or as much as $2,400.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Spruce Pine, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Spruce Pine is located in Mitchell, North Carolina, with an estimated municipal population of 2,143 residents. All of the best foreclosed homes for sale in Spruce Pine are located in the following zip code areas on Foreclosure.com: 28777. The estimated population per square kilometer (.62 miles) in Spruce Pine is 176.
So, about how much do homes cost in Spruce Pine? The most recent median value of resident-owned homes in Spruce Pine is 153,778. An estimated 61.2 percent of households in Spruce Pine own their homes, with an average family size of 3.01. The median household income in Spruce Pine is 40,913, with15 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Spruce Pine, the median commute time of resident workers (in minutes) is 19. And last, but certainly not least, are you looking for homes to rent in Spruce Pine? If so, the average rent price paid by renters in Spruce Pine is 584, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Spruce Pine, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Spruce Pine is 37.5, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in Spruce Pine is 43.8, with an average family size of 3.01.
The percentage of residents who report their race in Spruce Pine is as follows:
|Black / African American
|American Indian / Alaskan Native
|Native Hawaiian / Other Pacifc Islander
Looking for family-friendly neighborhoods in and/or near Spruce Pine? Or maybe you are searching for 55+ active adult communities in and/or near Spruce Pine?
The percentage of residents who report their age in Spruce Pine is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Spruce Pine with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Spruce Pine.
How do you know that living in -- or moving to -- Spruce Pine is right where you need to be? Perhaps you grew up in Spruce Pine or already live nearby; therefore, the decision to buy a home in Spruce Pine is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Spruce Pine for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Spruce Pine:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Spruce Pine.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Spruce Pine can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Spruce Pine, meanwhile, can field multiple offers from more qualified buyers.
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