Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Spring Bay area can be challenging. Home prices in Spring Bay are now at a median cost of $172,988, lower than the Illinois average of $242,002.
The average cost of rent is $910/mo in Spring Bay, primarily driven by the current value of real estate in the Spring Bay area. While nearly 48.40% of residents own their homes outright in Spring Bay, 20.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spring Bay is $4,468 per month. Households that rent pay about 20.37% of their income on rent here. Spring Bay's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Bay View Gardens, IL: less expensive homes
- Mossville, IL: higher priced homes
- Rome, IL: less expensive homes
- Oak Ridge, IL: higher priced homes
- Germantown Hills, IL: higher priced homes
- South Rome, IL: higher priced homes
- Chillicothe, IL: less expensive homes
- Peoria Heights, IL: less expensive homes
- Metamora, IL: higher priced homes
- Dunlap, IL: higher priced homes
Cities with Similar Populations
- White Sulphur Springs, NY: less expensive homes
- Lester, SC: less expensive homes
- Lignum, VA: higher priced homes
- Worth, MI: less expensive homes
- Little Sauk, MN: equally priced homes
- Locust, TX: equally priced homes
- Loom, WV: higher priced homes
- Woodson, IL: less expensive homes
- Woodland Park, IN: less expensive homes
- Witmer, PA: higher priced homes
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