Housing data for Spring Lake, IN
Spring Lake, IN has an estimated 224 residents and 125 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a town in Hancock County.
0.8% of households rent.
Figures last updated on .
- Residents
- 224 (±87)
- Housing units
- 125 (±60)
- Households that rent
- 0.8%
- Residents since 2015–2019
- +4.7%
What stands out in Spring Lake
Homes built before 1980: 90.4% (±34.6 points) in Spring Lake, higher than in Hancock County (39.4%).
Households that rent: 0.8% (±2.8 points) in Spring Lake, lower than in Hancock County (20.5%).
Median real estate taxes: $800 (±$564) in Spring Lake, lower than in Hancock County ($1,806).
Median household income: $50,938 (±$32,282) in Spring Lake, lower than in Hancock County ($93,186).
Housing in Spring Lake at a glance
- Rent burden: 100.0% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 0.8% of households rent (Small sample: wide margin of error)
- Income and affordability: $50,938 median household income (Small sample: wide margin of error)
- Home values: $169,400 median home value
- Homeowner costs: $1,133 median monthly cost with a mortgage
- Property taxes: $800 median real estate taxes a year (Small sample: wide margin of error)
- Types of homes: 0.0% of homes are in buildings of 5 or more units (Small sample: wide margin of error)
- Bedrooms: 80.8% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 90.4% of homes were built before 1980 (Small sample: wide margin of error)
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 92.8% heat with utility gas (Small sample: wide margin of error)
- Commute and cars: 28.4 minutes average trip to work (Small sample: wide margin of error)
- Growth: +4.7% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 4.0% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Spring Lake against Hancock County, its state and the nation
| Spring Lake | Hancock County | Indiana | United States | |
|---|---|---|---|---|
| Residents | 224 (±87) | 84,037 (exact) | 6,851,073 (exact) | 334,922,499 |
| Housing units | 125 (±60) | 34,370 (±115) | 2,976,568 (±617) | 143,775,355 |
| Households that rent | 0.8% (±2.8 points) | 20.5% (±1.9 points) | 29.4% (±0.3 points) | 34.8% |
| Median gross rent | — | $1,203 (±$67) | $1,062 (±$5) | $1,413 |
| Median household income | $50,938 (±$32,282) | $93,186 (±$2,739) | $71,957 (±$352) | $80,734 |
| Median home value | $169,400 (±$58,459) | $274,800 (±$7,160) | $218,200 (±$739) | $332,700 |
| Median real estate taxes (a year) | $800 (±$564) | $1,806 (±$71) | $1,614 (±$9) | $3,119 |
| Built before 1980 | 90.4% (±34.6 points) | 39.4% (±2.9 points) | 55.0% (±0.3 points) | 49.7% |
| Average commute | 28.4 minutes (±6.6) | 27.7 minutes (±1.0) | 24.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 94.4% (±6.0 points) | 93.6% (±1.0 points) | 89.9% (±0.2 points) | 91.0% |
| Median age of residents | 63.8 years (±8.1) | 40.0 years (±0.5) | 38.1 years (±0.2) | 38.9 years |
Spring Lake covers 0.2 square miles of land, about 1,464 residents per square mile (Census Bureau Gazetteer).
How Spring Lake has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 214 (±64) | 224 (±87) | +4.7% | Not a measurable change |
| Housing units | 92 (±24) | 125 (±60) | +35.9% | Not a measurable change |
| Median home value | $131,700 (±$22,401) | $169,400 (±$58,459) | +28.6% | No measurable change after inflation |
| Median household income | $64,375 (±$10,943) | $50,938 (±$32,282) | −20.9% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,000 (±$209) | $1,133 (±$132) | +13.3% | No measurable change after inflation |
| Median real estate taxes | $767 (±$117) | $800 (±$564) | +4.3% | No measurable change after inflation |
| Households that rent | 7.6% (±8.4 points) | 0.8% (±2.8 points) | −6.8 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±100.0 points) | 0.0% (±100.0 points) | 0.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Hancock County
Spring Lake has no police department of its own in the FBI’s figures, so this is the figure for Hancock County as a whole.
In 2023, the police departments that report for Hancock County recorded 221 violent and 785 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
Places near Spring Lake
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Sugar Creek Township (Hancock County) | 3.3 mi | $1,011 | $338,200 | 15.0% |
| Buck Creek Township | 3.6 mi | $1,955 | $275,400 | 15.5% |
| New Palestine | 3.9 mi | $1,129 | $357,500 | 19.7% |
| Greenfield | 4.6 mi | $1,177 | $216,400 | 35.1% |
| Cumberland | 4.8 mi | $1,157 | $239,200 | 28.7% |
| Center Township (Hancock County) | 5.1 mi | $1,168 | $223,800 | 31.3% |
| Brandywine Township (Hancock County) | 5.7 mi | — | $290,100 | 4.4% |
| Moral Township | 8.2 mi | $1,050 | $301,200 | 10.1% |
HUD Fair Market Rent for Spring Lake, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,187 | $1,336 | $1,536 | $1,991 | $2,425 |
HUD income limits for Spring Lake, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $23,200 | $38,650 | $61,800 |
| 2 people | $26,500 | $44,150 | $70,600 |
| 3 people | $29,800 | $49,650 | $79,450 |
| 4 people | $33,100 | $55,150 | $88,250 |
| 5 people | $38,680 | $59,600 | $95,350 |
| 6 people | $44,360 | $64,000 | $102,400 |
| 7 people | $50,040 | $68,400 | $109,450 |
| 8 people | $55,720 | $72,800 | $116,500 |
These are the limits HUD sets for its housing programs in the Indianapolis-Carmel, IN HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $110,300.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Spring Lake
What is the average home value in Spring Lake, IN?
The Census Bureau publishes the median: $169,400 (±$58,459) for owner-occupied homes in Spring Lake (2020–2024 American Community Survey).
What is the average mortgage payment in Spring Lake?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Spring Lake, IN is $1,133 (±$132) a month, including taxes, insurance and utilities.
Is Spring Lake growing?
In Spring Lake, the number of residents went from 214 in 2015–2019 to 224 in 2020–2024 (+4.7%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Spring Lake town, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spring Lake town, Indiana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Spring Lake town, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Spring Lake town, Indiana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Spring Lake town, Indiana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Spring Lake town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Spring Lake town, Indiana
- HUD Fair Market Rents, fiscal year 2027: Indianapolis-Carmel, IN HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Indianapolis-Carmel, IN HUD Metro FMR Area
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Spring Lake town, Indiana (place:72296, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .