The housing in Spring Lake township, MI is quite valuable compared to the national average. The median value of a house in Spring Lake township is $395,600, while the US median value is $338,100. Additionally, the appreciation rate of housing in Spring Lake township over the past year has been 13.62%, significantly higher than the US's 1 year appreciation rate of 8.27%. This demonstrates how strong and desirable the housing market in Spring Lake township is compared to other areas.
The median home cost in Spring Lake township is $395,600. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Spring Lake township is up 16.5%.
Average Age of Homes
- The median age of Spring Lake township real estate is 33 years old
The Rental Market in Spring Lake township
- Renters make up 21.6% of the Spring Lake township population
- 2.3% of houses and apartments in Spring Lake township, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.