Quick facts: Willow spring, NC

Quick Facts

100.6
Cost of Living
above US average
4,500
Population
11.11
Crime Rate per 1000
below US average
$75,000
Median Income
below US average
$419,990
Median House Price
above US average
$1706.4
Average Rent
above US average
5%
Poverty Rate
below US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $75,000.

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Income Needed to Buy

βœ— Stretch
$132k/year
Based on $419,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $132k vs median $75,000
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Income Needed to Rent

βœ“ Affordable
$73k/year
Based on $1706.4/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($75,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Willow spring, NC

Willow Spring is a charming community located in Wake County, North Carolina, just southeast of the bustling city of Raleigh. Known for its idyllic rural atmosphere, the area offers a blend of picturesque landscapes, including farmland and wooded areas, making it an attractive spot for those looking to escape the hustle and bustle of city life while still having access to urban amenities. The community is primarily residential, featuring a mix of single-family homes, and offers a variety of local shops, restaurants, and services. Willow Spring is served by several public schools within the Wake County Public School System, providing educational opportunities for families. Outdoor enthusiasts will appreciate the proximity to several parks and recreational areas, perfect for hiking, biking, and enjoying nature. The area is also conveniently located near major highways, allowing for easy access to nearby cities such as Raleigh, Cary, and Fuquay-Varina. With its friendly small-town atmosphere, growing population, and a focus on community, Willow Spring presents a delightful blend of rural charm and accessibility to urban features.

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