Spring Lake, IN Real Estate
According to census data in the year 2000 there were 105 housing units in Spring Lake.
This represents a 19.3% growth from 88 in 1990.
Of those housing units, 105 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 94.3%.
Average household size is 2.5 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% |
| One Bedroom | 0% |
| Two Bedrooms | 23.80% |
| Three Bedrooms | 64.80% |
| Four Bedrooms | 11.40% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $116,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1975 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.10% |
| Home Equity Loan | 3.20% |
| Simple Mortgage | 59.60% |
| Debt Free | 35.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.6% |
