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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 $107,266, lower than the New York average of $610,895.
The average cost of rent is $923/mo in Spring Lake, primarily driven by the current value of real estate in the Spring Lake area. In Spring Lake, 15.11% of households rent, and 55.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Lake is $7,503 per month. Households that rent pay about 12.31% of their income on rent here. Spring Lake’s most expensive areas are in the northeastern 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
- South Butler, NY: higher priced homes
- Savannah, NY: higher priced homes
- Emerson, NY: higher priced homes
- Butler Center, NY: equally priced homes
- Willow Grove, NY: higher priced homes
- Port Byron, NY: higher priced homes
- Cato, NY: higher priced homes
- Red Creek, NY: equally priced homes
- Meridian, NY: higher priced homes
- Montezuma, NY: higher priced homes
Cities with Similar Populations
- Scallorn, TX: higher priced homes
- Montpelier, MS: higher priced homes
- Roundhill, AL: higher priced homes
- Sand Springs, IA: higher priced homes
- Sandlick, WV: higher priced homes
- Sandy Creek, NC: higher priced homes
- Sandy Fork, TX: higher priced homes
- Santa Fe, MO: higher priced homes
- Sardis, SC: higher priced homes
- Sauney Stand, TX: higher priced homes
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