Spring Lake, MI Real Estate
According to census data in the year 2000 there were 1,258 housing units in Spring Lake.
This represents a 4.7% growth from 1,201 in 1990.
Of those housing units, 1,258 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Spring Lake is about 71.1%.
Spring Lake's vacancy rate, including seasonal lodging, is about 13.2%.
Average household size is 2.05 people.
The majority of houses, apartments or condos in Spring Lake were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 17.90% |
| Two Bedrooms | 22.70% |
| Three Bedrooms | 47.20% |
| Four Bedrooms | 9.90% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $106,800 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.30% |
| Second Mortgage | 6.70% |
| Home Equity Loan | 10.40% |
| Simple Mortgage | 39.80% |
| Debt Free | 41.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
