Total monthly cost of ownership
Cost to Own a Home in Spring Lake, North Carolina
A $101,000 home here costs
$965per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $519. The real number is $446 higher every month — 86% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Spring Lake against Cumberland County and North Carolina
| Measure | Spring Lake | Cumberland County |
|---|---|---|
| Median home value | $101,300 | $183,700 |
| Median property tax | $1,465 | $1,823 |
| Effective tax rate | 1.446% | 0.992% |
| Median gross rent | $1,228 | $1,156 |
| Population | 11,613 | 336,749 |
The weather behind that power bill
Spring Lake sits in Cumberland County, which averages a high of 90.9°F in its hottest month and a low of 31.8°F in its coldest, with 47.93" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,890 cooling and 2,969 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Cumberland County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cumberland County
Full Cumberland County cost breakdown · Every county in North Carolina
Common questions
How much does it cost to own a home in Spring Lake?
A $101,000 home in Spring Lake, North Carolina costs approximately $965 per month with 20% down at 6.66%. That is $519 principal and interest, $122 property tax, $37 homeowners insurance, $204 utilities and $84 set aside for maintenance.
What is the property tax rate in Spring Lake?
Spring Lake has an effective property tax rate of 1.446%, based on a median home value of $101,300 and median real estate taxes of $1,465. That is higher than the Cumberland County average of 0.992%.
What is the average home price in Spring Lake?
The median owner-occupied home value in Spring Lake, North Carolina is $101,300, against $183,700 across Cumberland County.
Is it cheaper to rent or buy in Spring Lake?
Median gross rent in Spring Lake is $1,228 a month, against $965 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Spring Lake — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for North Carolina.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.