Home prices
The median home in Spring Arbor costs $180,700. In comparison to the surrounding areas this is approximately $88,560 (96%) higher.It is roughly $36,800 (16%) lower compared to the US as a whole, and compared to the city of Detroit it is approximately $131,500 (267%) higher.
Rents
Spring Arbor's median rent is $488 per month. This is approximately $263 (34%) lower in comparison to its surrounding areas.It is about $574 (54%) lower compared to the United States as a whole, and compared to the city of Detroit is roughly $336 (40%) lower.
Nearby places
Parma
Parma is roughly 3 miles north from Spring Arbor. Real estate prices there are a lot less expensive. The median home in Parma is valued at $88,500, which is $92,200 (104%) lower than Spring Arbor. Rent there is somewhat more expensive. In Parma the median monthly rent is $675, which comes out to $187 (27%) higher than Spring Arbor.
Concord
Concord is about 4 miles southwest from Spring Arbor. The real estate prices there are a lot less expensive. Concord's median home price is $113,200, which is $67,500 (59%) lower than Spring Arbor. Rent there is significantly more expensive. The median monthly rent in Concord is $723, which works out to $235 (32%) higher than Spring Arbor.
Hanover
Hanover is about 6 miles south of Spring Arbor. Its real estate prices are substantially less expensive. The median home in Hanover is valued at $98,100, which works out to $82,600 (84%) lower than Spring Arbor. The rent there is significantly more expensive. Hanover's median monthly rent is $775, which comes out to $287 (37%) higher than Spring Arbor.
Jackson
Jackson is approximately 7 miles east from Spring Arbor. Housing prices there are significantly less expensive. The value of the median home in Jackson is $68,400, which works out to $112,300 (164%) lower than Spring Arbor. The rent there is a lot more expensive. The median monthly rent in Jackson is $739, which comes out to $251 (33%) higher than Spring Arbor.
Vandercook Lake
Vandercook Lake is approximately 7 miles east of Spring Arbor. The housing prices there are significantly less expensive. Vandercook Lake's median home cost is $92,500, which is $88,200 (95%) lower than Spring Arbor. Rent there is a lot more expensive. In Vandercook Lake the median rent is $841 a month, which is $353 (41%) higher than Spring Arbor.
