Neighborhood Profile

Spring Lake

Spring Lake, MI | Ottawa County
Scored premium profile
Best Neighborhoods USA Index
66.6
National rank: #2,096 of 14,967
Stability and Strength
64.7
Score
Value Opportunity
62.8
Score
Momentum
75.1
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationSpring Lake, MI
CountyOttawa County
National rank#2,096 of 14,967
State rank#63 of 334
City rankNot available
County rankNot available
National percentile86.0
National bandTOP_25_PERCENT
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market

Reach consumers while they are actively deciding where to live.

Inquire about this market
Unsold commercial placement. No local expert is currently assigned.

Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$380,456
Year-over-year home value change3.7%
Month-over-month home value change0.24%
Home value to income ratio4.48
Median household income$84,839
Bachelor's degree or higher47.5%
Civilian unemployment rate1.1%
Homeownership rate87.3%
Housing vacancy rate8.1%
Rent burden 30% or higher59.7%

How to read this profile

  • Ranks are always shown with denominators.
  • Momentum reflects both year-over-year and month-over-month housing change.
  • Stability and Strength and Value Opportunity are governed composite scores.
  • Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers

Questions About Living in Spring Lake

What is the Best Neighborhoods USA ranking for Spring Lake?

Spring Lake is ranked No published Spring Lake rank is currently available; #63 of 334 eligible neighborhoods in MI; and #2,096 of 14,967 eligible neighborhoods in the United States.

Is Spring Lake one of the best neighborhoods in Spring Lake?

Spring Lake has a Best Neighborhoods USA Index of 66.6 and a city ranking of No published Spring Lake rank is currently available.

How much are homes worth in Spring Lake?

The current Zillow Home Value Index for Spring Lake is approximately $380,456.

Are home values rising or falling in Spring Lake?

Zillow neighborhood values changed 3.7% year over year and 0.24% month over month.

What is the Neighborhood Momentum Score for Spring Lake?

Spring Lake has a Neighborhood Momentum Score of 75.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in Spring Lake?

The NDS-derived neighborhood median household income is approximately $84,839.

How affordable is Spring Lake relative to household income?

The current Zillow home-value-to-household-income ratio is 4.48. Price-to-income affordability is a major Value Opportunity input.

Is Spring Lake primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 87.3%.

What is the unemployment rate in Spring Lake?

The NDS-derived civilian unemployment rate is approximately 1.1%.

How educated are residents of Spring Lake?

Approximately 47.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in Spring Lake face high rent burden?

Approximately 59.7% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.

How does Best Neighborhoods USA score Spring Lake?

The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.

Governed ranking context

How this neighborhood ranks

HMDA Mortgage Intelligence

Neighborhood Mortgage Market

FULL_OR_NEAR_FULL

Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.

Activity year2024
Estimated applications109
Estimated originations81
Home-purchase applications43
Origination rate74.0%
Home-purchase share39.5%
Average application loan$218,933
Total application loan amount$23,881,784
National application rank#4,034 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 4.9% YoY; originations 21.1% YoY
Mortgage methodology

HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.