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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 $231,275, lower than the Minnesota average of $345,793.
The average cost of rent is $880/mo in Spring Lake, primarily driven by the current value of real estate in the Spring Lake area. In Spring Lake, 8.06% of households rent, and 56.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Lake is $5,604 per month. Households that rent pay about 15.70% of their income on rent here. Spring Lake’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Max, MN: equally priced homes
- Talmoon, MN: higher priced homes
- Wirt, MN: equally priced homes
- Inger, MN: equally priced homes
- Dora Lake, MN: equally priced homes
- Squaw Lake, MN: higher priced homes
- Wildwood, MN: less expensive homes
- Bigfork, MN: equally priced homes
- Deer River, MN: less expensive homes
- Marcell, MN: higher priced homes
Cities with Similar Populations
- Rosston, TX: equally priced homes
- Mosher, SD: less expensive homes
- Mosling, WI: less expensive homes
- Mount Leonard, MO: less expensive homes
- Mount Nebo, AL: less expensive homes
- Mountain Fork, AR: equally priced homes
- Rockhill, OH: less expensive homes
- Rockville, SC: higher priced homes
- Rocky Branch, TX: less expensive homes
- Rodney, AR: less expensive homes
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