Home prices
The median home in Spring Lake is valued at $131,700. In comparison to other places in this area this is roughly $43,680 (24%) lower.It is approximately $85,800 (39%) lower compared to the nation as a whole, and compared to the city of Bloomington it is approximately $69,000 (34%) lower.
Rents
In Spring Lake the median rent is $933 per month. Compared to the surrounding areas it is roughly $35 (3%) lower.It is roughly $129 (12%) lower compared to the entire country, and is about $16 (1%) higher in comparison to the city of Bloomington.
Nearby places
Greenfield
Greenfield is about 3 miles east of Spring Lake. The real estate prices there are a bit more expensive. Greenfield's median home value is $139,000, which is $7,300 (5%) higher than Spring Lake. The rent there is a bit less expensive. Greenfield's median rent is $867 a month, which works out to $66 (7%) lower than Spring Lake.
New Palestine
New Palestine is roughly 3 miles southwest from Spring Lake. The housing prices there are substantially more expensive. New Palestine's median home value is $202,900, which comes out to $71,200 (35%) higher than Spring Lake. Its rents are a bit more expensive. In New Palestine the median rent is $1,007 per month, which works out to $74 (7%) higher than Spring Lake.
Cumberland
Cumberland is roughly 4 miles west of Spring Lake. Its housing prices are a little more expensive. Cumberland's median home price is $156,300, which comes out to $24,600 (15%) higher than Spring Lake. Rents there are a little less expensive. Cumberland's median rent is $835 per month, which comes out to $98 (11%) lower than Spring Lake.
McCordsville
McCordsville is roughly 8 miles north from Spring Lake. Real estate prices there are a lot more expensive. The cost of the median home in McCordsville is $230,000, which is $98,300 (42%) higher than Spring Lake. Rents there are somewhat more expensive. In McCordsville the median monthly rent is $1,228, which is $295 (24%) higher than Spring Lake.
Lawrence
Lawrence is roughly 8 miles northwest of Spring Lake. Housing prices there are somewhat more expensive. The median home in Lawrence is valued at $148,700, which comes out to $17,000 (11%) higher than Spring Lake. The rent there is pretty similar. Lawrence's median monthly rent is $903, which works out to $30 (3%) lower than Spring Lake.
