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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 $1,566,326, higher than the New Jersey average of $496,577.
The average cost of rent is $2,024/mo in Spring Lake, primarily driven by the current value of real estate in the Spring Lake area. In Spring Lake, 19.30% of households rent, and 50.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Lake is $13,309 per month. Households that rent pay about 15.21% of their income on rent here. Spring Lake’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Spring Lake Heights, NJ: less expensive homes
- Lake Como, NJ: less expensive homes
- Sea Girt, NJ: less expensive homes
- Belmar, NJ: less expensive homes
- Manasquan, NJ: less expensive homes
- Avon-by-the-Sea, NJ: equally priced homes
- Shark River Hills, NJ: less expensive homes
- Neptune City, NJ: less expensive homes
- Brielle, NJ: less expensive homes
- Bradley Beach, NJ: less expensive homes
Cities with Similar Populations
- Battle Mountain, NV: less expensive homes
- Wellborn, FL: less expensive homes
- Wayne, WV: less expensive homes
- Tolono, IL: less expensive homes
- Seaford, VA: less expensive homes
- Rolling Hills Estates, CA: higher priced homes
- Riverside, MO: less expensive homes
- Richmond, VT: less expensive homes
- Pinetop-Lakeside, AZ: less expensive homes
- Kansasville, WI: less expensive homes
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