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These days, finding an affordable place to live in the Spring Grove area can be challenging. Home prices in Spring Grove are now at a median cost of $203,423, lower than the Minnesota average of $345,793.
The average cost of rent is $1,080/mo in Spring Grove, primarily driven by the current value of real estate in the Spring Grove area. In Spring Grove, 20.26% of households rent, and 52.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Grove is $5,361 per month. Households that rent pay about 20.15% of their income on rent here. Spring Grove’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Newhouse, MN: equally priced homes
- Riceford, MN: equally priced homes
- Wilmington, MN: equally priced homes
- Highlandville, IA: higher priced homes
- Mabel, MN: less expensive homes
- Sheldon, MN: equally priced homes
- Caledonia, MN: less expensive homes
- Tawney, MN: equally priced homes
- Newburg, MN: equally priced homes
- Burr Oak, IA: higher priced homes
Cities with Similar Populations
- Lacona, NY: less expensive homes
- Ruth, MI: equally priced homes
- Marlow, GA: higher priced homes
- Manomet, MA: higher priced homes
- Locke, NY: less expensive homes
- Livermore, CO: higher priced homes
- Barnardsville, NC: higher priced homes
- Laotto, IN: higher priced homes
- Lake Como, NJ: higher priced homes
- Shirley, IN: equally priced homes
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