Spring Lake, IN Profile: Facts & Data

Spring Lake, Indiana - Basic Facts

The Town of Spring Lake had a population of 208 as of July 1, 2024.

The primary coordinate point for Spring Lake is located at latitude 39.7767 and longitude -85.853 in Hancock County. The formal boundaries for the Town of Spring Lake encompass a land area of 0.15 sq. miles and a water area of 0.01 sq. miles. Hancock County is in the Eastern time zone (GMT -5).

The Town of Spring Lake has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Spring Lake is located within Township of Sugar Creek, a minor civil division (MCD) of Hancock County.

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Spring Lake, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	208 (100%)
Population in Households	208 (100.0%)
Population in Families	178 (85.6%)
Population in Group Quarters¹	0
Population Density	1,362
Diversity Index²	14


INCOME
Median Household Income	$94,972
Average Household Income	$118,686
% of Income for Mortgage⁴	24%
Per Capita Income	$55,349
Wealth Index⁵	147
Socioeconomic Status Index⁶	High (68.0)

HOUSING
Total HU (Housing Units)	97 (100%)
Owner Occupied HU	83 (85.6%)
Renter Occupied HU	14 (14.4%)
Vacant Housing Units	0
Median Home Value	$366,129
Average Home Value	$385,843
Housing Affordability Index³	104

HOUSEHOLDS
Total Households	97
Average Household Size	2.14
Family Households	71
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

97 (100%)

Owner Occupied HU

83 (85.6%)

Renter Occupied HU

14 (14.4%)

Vacant Housing Units

Median Home Value

$366,129

Average Home Value

$385,843

Housing Affordability Index³

104

HOUSEHOLDS

Total Households

Average Household Size

2.14

Family Households

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.22%	-0.78%
Households	-0.24%	0.00%
Families		-1.15%
Median Household Income		4.80%
Per Capita Income		4.03%
Owner Occupied HU		-0.98%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.22%

-0.78%

Households

-0.24%

0.00%

Families

-1.15%

Median Household Income

4.80%

Per Capita Income

4.03%

Owner Occupied HU

-0.98%

Spring Lake, IN - Peer Comparisons by Rank and Percentile

The table below compares Spring Lake to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 664	32nd
Population Density	# 314	68th
Median Household Income	# 136	86th
Housing Affordability Index	# 325	33rd
Per Capita Income	# 51	95th
Diversity Index	# 626	36th

Variable Description

Rank

Percentile

Total Population

# 664

32nd

Population Density

# 314

68th

Median Household Income

# 136

86th

Housing Affordability Index

# 325

33rd

Per Capita Income

# 51

95th

Diversity Index

# 626

36th

Indiana Census Data Comparison Tool

Spring Lake, IN Profile: Facts & Data

Spring Lake, Indiana - Basic Facts

Spring Lake, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Spring Lake, IN - Peer Comparisons by Rank and Percentile

Spring Lake, IN - Most Popular Things to Do

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