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

 

Spanish Lake, MO Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Spanish Lake area can be challenging. Home prices in Spanish Lake are now at a median cost of $140,497, lower than the Missouri average of $246,641.

The average cost of rent is $1,249/mo in Spanish Lake, primarily driven by the current value of real estate in the Spanish Lake area. In Spanish Lake, 50.29% of households rent, and 34.51% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Spanish Lake is $4,756 per month. Households that rent pay about 26.27% of their income on rent here. Spanish Lake’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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