Home Price Key
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Average
Expensive
These days, finding an affordable place to live in the Spring Arbor area can be challenging. Home prices in Spring Arbor are now at a median cost of $170,983, lower than the Michigan average of $196,062.
The average cost of rent is $732/mo in Spring Arbor, primarily driven by the current value of real estate in the Spring Arbor area. While nearly 44.62% of residents own their homes outright in Spring Arbor, 26.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spring Arbor is $5,273 per month. Households that rent pay about 13.88% of their income on rent here. Spring Arbor's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Sandstone, MI: less expensive homes
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- Horton, MI: equally priced homes
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- Jackson, MI: less expensive homes
- Pulaski, MI: equally priced homes
- Liberty, MI: equally priced homes
- Devereaux, MI: less expensive homes
Cities with Similar Populations
- Centerville, IA: less expensive homes
- Chisholm, MN: less expensive homes
- Chauvin, LA: less expensive homes
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- Charleston, TN: equally priced homes
- Chariton, IA: less expensive homes
- Chapmanville, WV: less expensive homes
- Chamberlayne, VA: higher priced homes
- Chadron, NE: equally priced homes
- Chadbourn, NC: less expensive homes
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