Spring Lake, MI is a great place to call home. The housing median value in the area is $366,000, which is slightly higher than the US house median value of $338,100. In addition to being affordable and stable, housing in Spring Lake has seen an even greater appreciation rate over the past year with 13.62% compared to 8.27% for US houses overall. This makes Spring Lake a great choice for those looking for a community with plenty of housing options and strong appreciation potential.
The median home cost in Spring Lake is $366,000. Home appreciation the last 10 years has been 124.7%. Home Appreciation in Spring Lake is up 16.5%.
Average Age of Homes
- The median age of Spring Lake real estate is 58 years old
The Rental Market in Spring Lake
- Renters make up 13.8% of the Spring Lake population
- 0.3% of houses and apartments in Spring Lake, 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.