Spring Lake Estates median real estate price is $105,434, which is more expensive than 50.8% of the neighborhoods in Alabama and 20.3% of the neighborhoods in the U.S.
The average rental price in Spring Lake Estates is currently $822, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 50.1% of Alabama neighborhoods.
Spring Lake Estates is a suburban neighborhood (based on population density) located in Birmingham, Alabama.
Spring Lake Estates real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Spring Lake Estates neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Spring Lake Estates. The current real estate vacancy rate here is 27.6%. This is higher than the rate of vacancies in 92.8% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.