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Affordable
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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 $367,770, higher than the Michigan average of $250,415.
The average cost of rent is $1,319/mo in Spring Lake, primarily driven by the current value of real estate in the Spring Lake area. In Spring Lake, 16.40% of households rent, and 33.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Lake is $8,365 per month. Households that rent pay about 15.77% of their income on rent here. Spring Lake’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ferrysburg, MI: less expensive homes
- Grand Haven, MI: less expensive homes
- Fruitport, MI: less expensive homes
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- Norton Shores, MI: less expensive homes
- Muskegon Heights, MI: less expensive homes
- Sullivan, MI: less expensive homes
- Roosevelt Park, MI: less expensive homes
- Muskegon, MI: less expensive homes
- West Olive, MI: equally priced homes
Cities with Similar Populations
- Callahan, FL: less expensive homes
- Cloquet, MN: less expensive homes
- Clinton, MA: equally priced homes
- Clifton Heights, PA: less expensive homes
- Clewiston, FL: less expensive homes
- Chickamauga, GA: less expensive homes
- Cedar Springs, MI: less expensive homes
- Cayce, SC: less expensive homes
- Carbondale, CO: higher priced homes
- Canton, IL: less expensive homes
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