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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 $205,101, lower than the Michigan average of $250,415.
The average cost of rent is $915/mo in Spring Arbor, primarily driven by the current value of real estate in the Spring Arbor area. In Spring Arbor, 20.77% of households rent, and 50.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Arbor is $6,432 per month. Households that rent pay about 14.22% of their income on rent here. Spring Arbor’s most expensive areas are in the northwestern 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.
Nearby Cities
- Sandstone, MI: higher priced homes
- Parma, MI: higher priced homes
- Concord, MI: equally priced homes
- Horton, MI: higher priced homes
- Hanover, MI: higher priced homes
- Vandercook Lake, MI: less expensive homes
- Jackson, MI: less expensive homes
- Pulaski, MI: less expensive homes
- Liberty, MI: higher 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
- Chatham, VA: less expensive homes
- Charleston, TN: higher priced homes
- Chariton, IA: less expensive homes
- Chapmanville, WV: less expensive homes
- Chamberlayne, VA: higher priced homes
- Chadron, NE: less expensive homes
- Chadbourn, NC: less expensive homes
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