The Most Affordable Neighborhoods in Lake Spring, MO by Home Value

 

Lake Spring, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lake Spring area can be challenging. Home prices in Lake Spring are now at a median cost of $101,296, lower than the Missouri average of $194,908.

The average cost of rent is $812/mo in Lake Spring, primarily driven by the current value of real estate in the Lake Spring area. While nearly 53.59% of residents own their homes outright in Lake Spring, 30.90% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lake Spring is $4,588 per month. Households that rent pay about 17.69% of their income on rent here. Lake Spring's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.


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