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 $172,449, lower than the South Dakota average of $199,518.
The average cost of rent is $498/mo in Spring Lake, primarily driven by the current value of real estate in the Spring Lake area. While nearly 75.64% of residents own their homes outright in Spring Lake, 27.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spring Lake is $5,522 per month. Households that rent pay about 9.03% of their income on rent here. Spring Lake's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Seneca, SD: less expensive homes
- Roy, SD: less expensive homes
- Highmore, SD: less expensive homes
- Owattonna, SD: less expensive homes
- Lebanon, SD: less expensive homes
- Holabird, SD: equally priced homes
- Onida, SD: less expensive homes
- Agar, SD: less expensive homes
- Bramhall, SD: less expensive homes
- Lucas, SD: less expensive homes
Cities with Similar Populations
- Rodarte, NM: less expensive homes
- New Cypress, KY: less expensive homes
- New Moore, TX: less expensive homes
- Newark, SD: less expensive homes
- Newville, CA: equally priced homes
- Niarada, MT: higher priced homes
- Nichols, KY: less expensive homes
- Nicodemus, KS: less expensive homes
- Nine Mile, MI: less expensive homes
- Nomini Grove, VA: higher priced homes
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