Spring Lake, Indiana Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Spring Lake, Indiana rental market.
Spring Lake, Indiana
Average Apartment Rent
$1,248
Y-o-Y Change in Average
Apartment Rent
7.2%
As of July 2024
Compared to a year ago, Spring Lake, Indiana apartments have recorded a 7.2% rent increase.
Spring Lake, Indiana |Average apartment rent trend
Spring Lake, Indiana| Average apartment rent
Spring Lake, Indiana | Apartment rent ranges
At 83.51%, apartments priced $1,000 - $1,500 represent the bulk of Spring Lake, Indiana rentals, while condos priced $700 - $1000 hold the lowest share of the market – 6.14%.
Spring Lake, Indiana | Housing tenure**
Renters take up 5% of Spring Lake, Indiana real estate, occupying a total of 6 units, while homeowners live in 125 properties.
Spring Lake, Indiana | Renter-occupied housing units by no. of bedrooms**
There are 4 rentals in Spring Lake, Indiana with 2 beds making up the highest share of the market, at 67%. Units with 3 beds, on the other hand, hold the lowest percentage (33, amounting to 2 units.
Spring Lake, Indiana |Renter-occupied units by age of householder**
All condos for rent in Spring Lake, Indiana are occupied by residents in the 65 - 74 years age group.
Spring Lake, Indiana | Renter-occupied housing units by family type**
Spring Lake, Indiana | Renter-occupied housing units by the presence of own children**
Spring Lake, Indiana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 0% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Spring Lake, Indiana.
Spring Lake, Indiana | Renter-occupied units by year structure built**
The highest share of Spring Lake, Indiana apartment rentals, namely 67% or 4 units, were Built 1950 - 1959, followed by those Built 1940 - 1949 (33%, 2 units).
Spring Lake, Indiana | Renter-occupied units by year householder moved in**
Spring Lake, Indiana | Renter-occupied housing units by vehicles available**
Spring Lake, Indiana | Means of transportation to work of householders living in renter-occupied housing units**
When it comes to transportation options, all Spring Lake, Indiana renters have 1 or more vehicles available per household.
Spring Lake, Indiana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Spring Lake, Indiana | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Spring Lake, Indiana apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
