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Spring Lake

Spring Lake

Neighborhood in Tupelo, Mississippi

Lee County 38801

$546,046 Average Value
$173 Average Price per Sq Ft
5 Homes For Sale

Spring Lake is a gated community in West Tupelo near parks and restaurants

The Tupelo's Spring Lake neighborhood combines private living with an enviable location. The gated community is on the growing western side of the city, where there are large green spaces and renowned restaurants. The area has convenient access to Tupelo’s downtown entertainment and arts options, though it also has amenities of its own. “Spring Lake has some of the nicer homes in that area,” says Ricky Murphy, a Realtor with TM Realtors. “For a long time, West Tupelo was kind of neglected, but now it’s where everyone wants to be.”

Large homes with four or more bedrooms, plus lots available for building

The community is full of multilevel homes built with traditional architecture and featuring four or more bedrooms. These homes can go from $475,000 to $540,000. Larger homes of more than 4,000 square feet often list between $600,000 and $800,000. There are also some lots available for building at around $40,000 per acre. Houses tend to have garages and well-manicured lawns with small trees and bushes. Though the community lacks sidewalks, wide streets make walking to a neighbor’s house possible.

Tennis courts and a pool in the community, and Ballard Park nearby

For their HOA fees, residents get access to the community’s tennis courts, clubhouse and pool. They can also go fishing in the neighborhood’s namesake Spring Lake. Several green spaces sit within a few miles, including Ballard Park, which has a skateboarding zone and a nearly 3-mile trail system among its amenities. The park is receiving renovations including a new, inclusive playground for children of all abilities. “In comparison to what it used to have, it’s impressive just to look at it,” Murphy says. Just south of Ballard Park is the BankPlus Sportsplex, which has nine baseball diamonds. To the northeast, Hancock Park has three basketball courts. North of the community, Skate Zone of Tupelo is a kid-friendly roller-skating rink with food and games.

Access to the Tupelo Elvis Festival and concerts at Cadence Bank Arena

The community is close to the excitement of downtown Tupelo, which hosts events throughout the year. The Tupelo Elvis Festival is a multi-day celebration of Elvis Presley’s life and music. Performances from tribute artists — not impersonators — are the event’s headliner, but the festival also includes a 5K run and a youth day among other activities. Cadence Bank Arena hosts concerts and sports events. The Tupelo Farmers’ Depot is held downtown on Saturdays from May through October. There are several churches just outside the neighborhood along South Thomas Street.

Giant drinks at D'Casa and Mississippi Delta food at The Gin Restaurant

Several local and chain restaurants are found around West Main Street, just north of the neighborhood. D’Casa is a popular Mexican restaurant with giant drinks and traditional entrees, while Goodness Gracious specializes in soul food. Around 3 miles west, The Gin Restaurant is an upscale eatery with a menu inspired by food in the Mississippi Delta. A Walmart Supercenter sits across West Main Street. Downtown has boutiques like L.A. Green Tupelo.

Close to Tupelo's downtown and airport, but life stays quiet

Natchez Trace Parkway is west of the neighborhood. Just north of the area, West Main Street can take drivers into downtown Tupelo, about 5 miles east. North Mississippi Medical Center-Tupelo is less than a 5-mile drive, as is Tupelo Regional Airport. Murphy says the area does not get overly noisy despite the airport getting daily use. Tupelo has a relatively high risk of tornadoes and was hit by an especially strong one in 2014 that caused damage to homes and killed one person.

The Tupelo Public School District and partnerships with local colleges

Students are served by the Tupelo Public School District. Students in kindergarten through second grade can attend Parkway Elementary School, which has an A Niche rating. Lawndale Elementary School, for grades 3-5, holds an A-minus score. Milam Elementary School, exclusively for grade 6, earns an A, as does Tupelo Middle School. At Tupelo High School, students can take dual credit college classes through partnerships with Delta State University and Itawamba Community College. The school has an A grade.

Ryan Kohn
Written By
Ryan Kohn

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Rohini Bandaru, an experienced agent in this neighborhood.

Parks in this Area

Crime and Safety

1 - Low Crime, 10 - High Crime Spring Lake US
Homicide 2 4
Sexual Assault 2 4
Assault with Weapon 2 4
Robbery 1 4
Burglary 3 4
Motor Vehicle Theft 2 4
Larceny 3 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$625,000
Median Single Family Price
$646,000
Average Price Per Sq Ft
$173
Number of Homes for Sale
5
Last 12 months Home Sales
13
Months of Supply
4.60
Median List Price
$685,000
Median Discount From 1st List Price
4%
Median Home Sale Price YoY Change
9%

Home Facts

Number of Homes in Neighborhood
100
Median Year Built
2005
Avg. Single Family Home Size Sq Ft
3,747
Significantly above the national average
1,936
Median Lot Size Sq Ft
41,382

Distribution of Home Values

Source: Public Records

Homes for Sale

Interested in learning more about homes in this area? Reach out to Rohini Bandaru, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
636
Median Age
37
Population under 18
28.8%
On par with the national average
23.8%
Population over 65
16.7%
On par with the national average
19.1%

Finances

Median Household Income
$118,981
Significantly above the national average
$71,702
Average Household Income
$134,860

Education and Workforce

High School Graduates
92.7%
College Graduates
40.5%
Above the national average
34.1%
Advanced Degrees
23.1%
Above the national average
13.3%
% Population in Labor Force
65.8%

Area Factors

Somewhat Bikeable

Bike Score®

26 / 100

Car-Dependent

Walk Score®

7 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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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.
NEIGHBORHOOD
Spring Lake