Similar to other places in this area, it's significantly less expensive compared to the country as a whole. It's close to average compared to the city of Peoria.
Home prices
The median home value in Spring Bay is $129,800. Compared to the surrounding areas this is about $5,020 (3%) lower.Compared to the US as a whole it is about $87,700 (40%) lower, and is roughly $4,100 (3%) higher compared to the city of Peoria.
Rents
In Spring Bay the median monthly rent is $900. This is approximately $107 (13%) higher in comparison to its surrounding areas.It is about $162 (15%) lower compared to the country as a whole, and compared to the city of Peoria is about $94 (11%) higher.
Nearby places
Bay View Gardens
Bay View Gardens is Spring Bay's neighbor to the south. The real estate prices there are somewhat less expensive. The median home in Bay View Gardens costs $102,400, which comes out to $27,400 (26%) lower than Spring Bay. Rents there are somewhat less expensive. Bay View Gardens's median monthly rent is $725, which is $175 (24%) lower than Spring Bay.
Rome
Rome is approximately 3 miles north from Spring Bay. Housing prices there are pretty similar. The median home value in Rome is $133,100, which is $3,300 (2%) higher than Spring Bay. Rent there is pretty similar. The median monthly rent in Rome is $894, which is very similar to Spring Bay.
Germantown Hills
Germantown Hills is approximately 4 miles southeast of Spring Bay. Its real estate prices are significantly more expensive. The median home in Germantown Hills costs $233,900, which is $104,100 (44%) higher than Spring Bay. Rents there are similar. In Germantown Hills the median monthly rent is $889, which works out to $11 (1%) lower than Spring Bay.
Peoria Heights
Peoria Heights is about 5 miles south from Spring Bay. The housing prices there are significantly less expensive. The median home value in Peoria Heights is $82,800, which works out to $47,000 (56%) lower than Spring Bay. The rent there is a bit less expensive. In Peoria Heights the median monthly rent is $731, which is $169 (23%) lower than Spring Bay.
Chillicothe
Chillicothe is approximately 6 miles north from Spring Bay. Its housing prices are a little less expensive. Chillicothe's median home price is $121,900, which works out to $7,900 (6%) lower than Spring Bay. Rents there are a bit less expensive. The median monthly rent in Chillicothe is $724, which is $176 (24%) lower than Spring Bay.
