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Spring Hope, NC Profile: Facts & Data

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Spring Hope, North Carolina - Basic Facts

The Town of Spring Hope had a population of 1,334 as of July 1, 2024.

The primary coordinate point for Spring Hope is located at latitude 35.9452 and longitude -78.1119 in Nash County. The formal boundaries for the Town of Spring Hope encompass a land area of 1.51 sq. miles and a water area of 0 sq. miles. Nash County is in the Eastern time zone (GMT -5).

The Town of Spring Hope has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Spring Hope is located within Township of Mannings, a minor civil division (MCD) of Nash County.


Jump to... (On This Page!)
  1. Spring Hope 2024 Demographic Data
  2. Growth Rates for Spring Hope (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. North Carolina Research Tools (Easy Tools & Current Data)
  3. North Carolina Data Comparison Tool - 2024 Demographics
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Spring Hope, NC Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 1,334 (100%)
Population in Households 1,334 (100.0%)
Population in Families 1,062 (79.6%)
Population in Group Quarters1 0
Population Density 882
Diversity Index2 64
 
 

INCOME

Median Household Income $47,590
Average Household Income $61,207
% of Income for Mortgage4 25%
Per Capita Income $28,906
Wealth Index5 43
Socioeconomic Status Index6 Moderate (46.6)
 

HOUSING

Total HU (Housing Units) 733 (100%)
Owner Occupied HU 429 (58.5%)
Renter Occupied HU 201 (27.4%)
Vacant Housing Units 103 (14.1%)
Median Home Value $190,625
Average Home Value $242,016
Housing Affordability Index3 100
 

HOUSEHOLDS

Total Households 630
Average Household Size 2.12
Family Households 391
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population 0.45% -0.12%
Households 0.19% 0.22%
Families   0.71%
Median Household Income   2.13%
Per Capita Income   4.05%
Owner Occupied HU   1.45%

Spring Hope, NC - Peer Comparisons by Rank and Percentile

The table below compares Spring Hope to the other 777 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 399 49th
Population Density # 272 65th
Median Household Income # 594 24th
Housing Affordability Index # 377 49th
Per Capita Income # 495 36th
Diversity Index # 213 72nd

Additional comparisons and rankings can be made with a VERY EASY TO USE North Carolina Census Data Comparison Tool.

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