The Most Affordable Neighborhoods in Springville Lake Estates, AL by Home Value

 

Springville Lake Estates, AL Map of Most Affordable Neighborhoods
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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 $199,600, higher than the Alabama average of $185,232.

The average cost of rent is $583/mo in Springville Lake Estates, primarily driven by the current value of real estate in the Springville Lake Estates area. While nearly 45.68% of residents own their homes outright in Springville Lake Estates, 6.59% rent.

Housing affordability isn’t just about home prices, though. The average household income in Springville Lake Estates is $6,814 per month. Households that rent pay about 8.55% 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.


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