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 $382,403, higher than the Utah average of $361,191.
The average cost of rent is $1,012/mo in Spring Lake, primarily driven by the current value of real estate in the Spring Lake area. While nearly 20.79% of residents own their homes outright in Spring Lake, 11.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spring Lake is $8,218 per month. Households that rent pay about 12.32% of their income on rent here. Spring Lake's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Santaquin, UT: less expensive homes
- Payson, UT: less expensive homes
- Elk Ridge, UT: higher priced homes
- Woodland Hills, UT: higher priced homes
- Genola, UT: higher priced homes
- Salem, UT: higher priced homes
- Rocky Ridge, UT: less expensive homes
- Goshen, UT: less expensive homes
- Spanish Fork, UT: equally priced homes
- Lake Shore, UT: higher priced homes
Cities with Similar Populations
- Neel, OH: less expensive homes
- Mount Carmel, ND: less expensive homes
- Mount Clare, NE: less expensive homes
- Mount Hamill, IA: less expensive homes
- Mount Jefferson, AL: less expensive homes
- Mount Lebanon, KY: less expensive homes
- Mount Lebanon, LA: less expensive homes
- Mount Lemmon, AZ: higher priced homes
- Mount Nebo, TN: less expensive homes
- Mount Signal, CA: less expensive homes
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