Home Insurance in Spring Lake, North Carolina
The median home value in Spring Lake is $124,000, 38% lower than the Cumberland County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Spring Lake was built around 1990. About 8% of homes were built before 1960, about 2 points below Cumberland County's 10%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Spring Lake is 48% single-family homes, 31% apartments in buildings with 5+ units and 4% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 56% of owner-occupied homes in Spring Lake have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 16%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 20% of occupied homes in Spring Lake are owner-occupied.
In Spring Lake, 83% of homes are primarily heated with electricity.
FEMA rates Cumberland County's overall risk as Relatively Moderate, led by winter weather (Very High). Cumberland County had 1,546 active NFIP flood policies as of September 2026. See the full Cumberland County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in North Carolina carries a statewide average premium of $1,852 per year.
Key figures
| Median home value | $124,000 |
|---|---|
| Median year built | 1990 |
| Owner-occupied share | 20% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Cumberland County | 1,546 |
| Home insurance premium | $1,852 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)