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Spring Lake

Spring Lake

Located in Hancock County

$372,896 Average Value
$151 Average Price per Sq Ft
1 Home For Sale

Spring Lake is popular for its fishing and school access

Spring Lake is a small and quiet community located amid the farmland east of Indianapolis. The community shares its name with a lake that’s also a popular fishing and paddling spot for the few hundred people who live here. “The lake that runs through it is only available to residents in that area or their guests,” says Amanda Writt, a Realtor with Ever Real Estate. “Fishing was the big draw for my clients. It was so that they could fish right outside their back door. It’s just a country atmosphere and a small, tight-knit community.” Another appealing point about Spring Lake is its access to some well-rated school districts. “The New Palestine [schools] are very sought after,” Writt says. “It’s a good community to raise kids in.”

Head to Spring Lake for community, friendship, and high quality of life.
Head to Spring Lake for community, friendship, and high quality of life.
Rows of homes near Spring Lake are full of character and personality.
Rows of homes near Spring Lake are full of character and personality.
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Buyers may find space and upscale homes

Spring Lake has some small neighborhoods where tall and mature trees surround homes and line narrow roads with no sidewalks. Lots can span from a third of an acre to multiple acres in the rural areas. Ranch-style homes are common, with several located in some isolated subdivisions outside Spring Lake. Other homes include luxury Colonial Revivals and New Traditionals surrounded by farmland. Homes, including newer ones, mostly sell from $210,000 to $510,000. Upscale homes that are 3,000 square feet or more run between $600,000 and $830,000.

Homes to please any sort of buyer can be found in Spring Lake.
Homes to please any sort of buyer can be found in Spring Lake.
Beautiful architecture can be seen in many homes around Spring Lake.
Beautiful architecture can be seen in many homes around Spring Lake.
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Many students may attend well-rated New Palestine schools

New Palestine Community Schools covers Spring Lake and some of the area south of the community. Depending on where they live, students may start at either Sugar Creek Elementary or Brandywine Elementary. Sugar Creek gets a B-plus from Niche, while Brandyine receives an A-minus. Those students may then go to New Palestine Intermediate School and New Palestine Junior High, both of which receive an A-minus. Students can then finish at New Palestine High School, which gets a B-plus. The high school is a football powerhouse, with its team winning its fourth state title in a decade in 2024. “They’re big on community sports,” Writt says.

Mt. Vernon Community School Corporation covers some of the area north of Spring Lake. Its schools include Mt. Vernon High, which receives a B-plus.

Mt. Comfort Elementary School serves Spring Lake students and scores an overall Niche grade of A minus.
Mt. Comfort Elementary School serves Spring Lake students and scores an overall Niche grade of A minus.
New Palestine High School has 1,217 students in grades 9-12 with a student-teacher ratio of 17 to 1.
New Palestine High School has 1,217 students in grades 9-12 with a student-teacher ratio of 17 to 1.
Greenfield-Central High School has a teacher student ratio of 19 to 1 and scores a B on Niche.
Greenfield-Central High School has a teacher student ratio of 19 to 1 and scores a B on Niche.
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Community has access to fishing holes and a bike trail

The lake has a few short docks for launching a kayak or small boat on the water. A tree-shaded park off the lake has a tennis court and some benches for those looking to get relaxing views of the water. However, many need to step out of the community for more recreation. Spring Lake is close to a section of the Pennsy Trail, a scenic 25-mile path that allows cyclists to go on rides to Indianapolis’ historic Irvington neighborhood. Nearby Greenfield’s Riley Park offers fishing on the Brandywine Creek, disc golf and a splash pad. The 40-acre park’s other amenities include a skate park and several tennis and pickleball courts.

Head to the Pennsy Trails for beautiful views while either walking or biking.
Head to the Pennsy Trails for beautiful views while either walking or biking.
Signage near Spring Lake seeks to educate viewers about local wildlife and animals in the area.
Signage near Spring Lake seeks to educate viewers about local wildlife and animals in the area.
Spring Lake's peaceful waters exude a feeling of calm and serenity to all who visit it.
Spring Lake's peaceful waters exude a feeling of calm and serenity to all who visit it.
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Greenfield has staples for doughnuts and craft beer

Many in the community usually travel to nearby Greenfield to dine and shop. An institution for over five decades, Sweet Shop’s wide selection of pastries ranges from simply glazed to sprinkled and eclair-style doughnuts. The Wooden Bear Brewing Co. is one of the staples in Greenfield’s historic and walkable downtown. The Wooden Bear serves pizzas and brews a variety of ales and lagers. The decor in its spacious taproom includes several wooden bear sculptures. The city’s Walmart offers a retail and grocery shopping option.

Sweet Shop is a local favorite of Spring Lake residents for donuts and hot coffee.
Sweet Shop is a local favorite of Spring Lake residents for donuts and hot coffee.
Hungry patrons head to Wooden Bear Brewing for tasty, handmade meals.
Hungry patrons head to Wooden Bear Brewing for tasty, handmade meals.
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Greenfield’s Riley Festival is an annual tradition

Nearby Greenfield is the usual place for entertainment and annual events. One of the city’s signature events is the Riley Festival, which takes place in downtown Greenfield in October. Named after famous Indiana poet James Whitcomb Riley, the festival is said to be one of the largest craft events in the state. Attendees may stop by many vendors and look at works from over 400 craft artists.

Commuters have quick access to I-70 and U.S. 40

Commuters usually drive to get around the region, and they have quick access to a few highways. U.S. Highway 40 passes through the area, while Spring Lake is just a few miles south of Interstate 70. U.S. 40 goes to Greenfield, about 5 miles east, while many take I-70 to Indianapolis, more than 20 miles west. Greenfield has the Hancock Regional Hospital, which has one of the nearest facilities for emergency care. About 30 miles west, the Indianapolis International Airport is the region’s hub for commercial flights.

Yann Ranaivo
Written By
Yann Ranaivo
Kyle Baird
Photography Contributed By
Kyle Baird
Derek Fowler
Video By
Derek Fowler

Interested in learning more about homes in this area? Reach out to Amanda Writt, an experienced agent in this area.

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Spring Lake Housing Trends

Housing Trends

Median List Price
$348,579
Median Single Family Sale Price
$338,579
Last 12 months Home Sales
0
Average Price Per Sq Ft
$151

Area Facts

Number of Homes
5
Number of Homes for Sale
1
Median Year Built
2022
Average Single Family Home Size Sq Ft
2,258
Above the national average
1,926
Median Lot Size Sq Ft
9,583

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Spring Lake Has More Owners

Demographics

Total Population
213
Median Age
45
Population under 18
22.5%
On par with the national average
23.8%
Population over 65
23.5%
On par with the national average
19.1%

Finances

Median Household Income
$76,136
Above the national average
$71,702
Average Household Income
$92,184

Education and Workforce

High School Graduates
94.1%
Above the national average
89.1%
College Graduates
33.3%
Advanced Degrees
8.5%
% Population in Labor Force
72.1%
Above the national average
65.1%

Weather

Annual Precipitation
44''
Average Winter Low Temperature
18°F
Average Summer High Temperature
84°F
Annual Snowfall
12''

Area Factors

Somewhat Bikeable

Bike Score®®

20 / 100

Car-Dependent

Walk Score®®

0 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Spring Lake
Amanda Writt
Ever Real Estate, LLC
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