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Spring Lake and Elevé makes sense!
Spring Lake, North Carolina is part of the Fayetteville Metropolitan Statistical Area (MSA)—a fast-growing region of nearly 400,000 residents anchored by Fort Bragg and the City of Fayetteville to the South and Cameron, NC to the North. Investors evaluating Spring Lake should view it as a strategic submarket within the larger Fayetteville MSA, not as a standalone town. The corridor (Cameron to Fayetteville) offers a $28+ billion economy, a young workforce, and one of the nation’s largest concentrations of military and federal employment.
Because of its location between Fort Bragg, Fayetteville, and the expanding Cameron/Anderson Creek corridor, Spring Lake sits directly inside a high-demand rental housing corridor. The majority of renters in this area include active-duty soldiers, DoD civilians, government contractors, medical professionals, and commuters traveling along the north–south corridor between Harnett County and Fayetteville. These households rely heavily on stable Basic Allowance for Housing (BAH) income, which supports strong and predictable rent levels for Class A communities.
The Spring Lake–Fort Bragg submarket is one of the most undersupplied rental markets in the region. While Fayetteville has seen several new apartment communities in recent years, Spring Lake has not had a comparable Class A development since 2010. The reason is simple: Spring Lake is landlocked by the military installation, and nearly all large, developable parcels were built out years ago. As a result, there has been no available land suitable for modern, high-density multifamily construction—until now.
Elevé @ 604 N. Main represents the first meaningful tract of land to open in Spring Lake in years, providing a rare opportunity to deliver professionally managed Class A apartments in a market with virtually zero competing new supply. There are no other assembled, undeveloped sites of this size remaining within Spring Lake’s boundaries.
This scarcity gives Elevé a strategic advantage: it offers immediate proximity to Fort Bragg’s key entrances without the heavy traffic of the Cameron/Anderson Creek corridor or the urban congestion of Fayetteville. Residents can access restaurants, grocery stores, and everyday services within minutes—making Spring Lake uniquely positioned to attract military, federal, and professional renters seeking modern housing close to base, but without the headaches of high-traffic zones.
For accurate demand analysis, investors should consider the combined demographics of northern Fayetteville, Fort Bragg, Cameron/Anderson Creek, and Spring Lake. These areas form a single integrated housing market with higher household incomes, strong commuting patterns, transient military turnover, and consistent rental velocity.