The housing market in Spring Lake, WI is quite impressive. The median value for homes in the area is $192,800, which is much lower than the US House Median Value of $338,100. Despite this difference in prices, the appreciation rate for homes in Spring Lake has been higher than the US average over the last year at 14.18%, as opposed to 8.27%. This makes Spring Lake an attractive option for potential homeowners looking to invest and take advantage of a thriving market.
The median home cost in Spring Lake is $192,800. Home appreciation the last 10 years has been 87.4%. Home Appreciation in Spring Lake is up 16.3%.
Average Age of Homes
- The median age of Spring Lake real estate is 57 years old
The Rental Market in Spring Lake
- Renters make up 9.8% of the Spring Lake population
- 0.0% 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.