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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 $257,415, higher than the Indiana average of $232,932.
The average cost of rent is $1,133/mo in Spring Lake, primarily driven by the current value of real estate in the Spring Lake area. In Spring Lake, 21.18% of households rent, and 35.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Lake is $8,113 per month. Households that rent pay about 13.96% of their income on rent here. Spring Lake’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Philadelphia, IN: equally priced homes
- Gem, IN: equally priced homes
- New Palestine, IN: higher priced homes
- Mount Comfort, IN: equally priced homes
- Greenfield, IN: equally priced homes
- Cumberland, IN: equally priced homes
- Mohawk, IN: higher priced homes
- Fountaintown, IN: higher priced homes
- Finly, IN: less expensive homes
- Maxwell, IN: equally priced 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: equally priced homes
- Romance, WV: less expensive homes
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