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These days, finding an affordable place to live in the Springville Lake Estates area can be challenging. Home prices in Springville Lake Estates are now at a median cost of $269,592, higher than the Alabama average of $228,911.
The average cost of rent is $854/mo in Springville Lake Estates, primarily driven by the current value of real estate in the Springville Lake Estates area. In Springville Lake Estates, 3.37% of households rent, and 46.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Springville Lake Estates is $8,834 per month. Households that rent pay about 9.67% of their income on rent here. Springville Lake Estates’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
- Springville, AL: equally priced homes
- Remlap, AL: less expensive homes
- Argo, AL: higher priced homes
- Village Springs, AL: less expensive homes
- St. Clair Springs, AL: less expensive homes
- Highland Lake, AL: less expensive homes
- Margaret, AL: less expensive homes
- Clay, AL: less expensive homes
- Locust Fork, AL: less expensive homes
- Pinson, AL: less expensive homes
Cities with Similar Populations
- Leino Park, MA: higher priced homes
- Seymour, IL: less expensive homes
- Sevastopol, IN: less expensive homes
- Seney, GA: less expensive homes
- Sea Ranch Lakes, FL: higher priced homes
- Lohman, MT: equally priced homes
- Loch Lynn Heights, MD: equally priced homes
- Lobata, WV: less expensive homes
- Little Gap, PA: higher priced homes
- Liberty Center, IN: less expensive homes
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