Home Price Key
Affordable
Average
Expensive
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 $216,608, higher than the Indiana average of $175,617.
The average cost of rent is $1,077/mo in Spring Lake, primarily driven by the current value of real estate in the Spring Lake area. While nearly 40.53% of residents own their homes outright in Spring Lake, 22.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spring Lake is $6,227 per month. Households that rent pay about 17.30% of their income on rent here. Spring Lake's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Philadelphia, IN: less expensive homes
- Gem, IN: less expensive homes
- New Palestine, IN: equally priced homes
- Mount Comfort, IN: less expensive homes
- Greenfield, IN: less expensive homes
- Cumberland, IN: less expensive homes
- Mohawk, IN: less expensive homes
- Fountaintown, IN: equally priced homes
- Finly, IN: less expensive homes
- Maxwell, IN: less expensive homes
Cities with Similar Populations
- Rose Hill, OH: less expensive homes
- Roaring Creek, NC: equally priced homes
- Rock Island, TX: less expensive homes
- Rockbridge, IL: less expensive homes
- Rockhill, PA: less expensive homes
- Rockvale, MT: higher priced homes
- RoEllen, TN: less expensive homes
- Roeton, AL: less expensive homes
- Rolling Hills, IN: higher priced homes
- Romance, WV: less expensive homes
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