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 $178,879, lower than the Minnesota average of $269,934.
The average cost of rent is $714/mo in Spring Lake, primarily driven by the current value of real estate in the Spring Lake area. While nearly 57.45% of residents own their homes outright in Spring Lake, 9.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spring Lake is $5,263 per month. Households that rent pay about 13.56% of their income on rent here. Spring Lake's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
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: equally priced homes
- Marcell, MN: higher priced homes
Cities with Similar Populations
- Rosston, TX: higher 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: less expensive 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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