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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 Type0.60%
One Bedroom17.90%
Two Bedrooms22.70%
Three Bedrooms47.20%
Four Bedrooms9.90%
Five Bedrooms or more1.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1956
Median Value of occupied units$106,800
Median Price asked for vacant units$112,500

Rented Homes, Apartments and Condos

Average Household Size1.85
Median year structure was built1953
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.30%
Second Mortgage6.70%
Home Equity Loan10.40%
Simple Mortgage39.80%
Debt Free41.80%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.7%