Spring Hope renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Spring Hope is about $835 per month. This puts it in the 59th percentile compared to the state average cost of rent, which is $1,066. Households in Spring Hope have a median income of $4,043 per month so the average renter in Spring Hope is spending roughly 21% of their earnings on housing.
Nationally, and in Spring Hope, home values are the data point most closely correlated with the cost of rent. The median price of a home in Spring Hope is $127,494 right now, which is lower than nearby cities, meaning that rents in Spring Hope also tend to be lower versus these nearby cities.
Higher rent prices are common in the northwestern parts of Spring Hope while lower rent rates are often available in eastern areas.
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