Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Spring Lake area can be challenging. Home prices in Spring Lake are now at a median cost of $164,912, lower than the Birmingham average of $276,622.
The average cost of rent is $1,168/mo in Spring Lake, primarily driven by the current value of real estate in the Spring Lake area. In Spring Lake, 47.55% of households rent, and 42.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Lake is $4,433 per month. Households that rent pay about 26.36% of their income on rent here. Spring Lake’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Huffman, Birmingham, AL: higher priced homes
- Roebuck, Birmingham, AL: less expensive homes
- Echo Highlands, Birmingham, AL: higher priced homes
- Apple Valley, Birmingham, AL: equally priced homes
- South East Lake, Birmingham, AL: less expensive homes
- Crestline, Birmingham, AL: higher priced homes
- Forest Park, Birmingham, AL: higher priced homes
- Norwood, Birmingham, AL: higher priced homes
- Highland Park, Birmingham, AL: higher priced homes
- Southside, Birmingham, AL: higher priced homes
Neighborhoods with Similar Populations
- Paradise Valley, South San Francisco, CA: higher priced homes
- Caufield, Oregon City, OR: higher priced homes
- Rock Creek Lexington Road, Louisville, KY: higher priced homes
- Haines Corner, Lewiston, ME: higher priced homes
- Mission Hills, El Paso, TX: higher priced homes
- Young-Lilly, Springfield, MO: higher priced homes
- Jeff Davis, Richmond, VA: less expensive homes
- Carver, Waco, TX: less expensive homes
- Bonham, San Angelo, TX: higher priced homes
- Benjamin Hills, Wichita, KS: equally priced homes
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