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Spring

Learn about the people, housing, costs and businesses in Spring, Utah

Median Home$357,900
Median Rent$1,049/month
Population989
Leading IndustriesManufacturing · Wholesale Trade · Professional Services3% manufacturing
Home Value Growth+1.3% over 2 years
Family-Friendly28% of residentswell above average
Homeowners80% of occupied units
Spring City
UT

Frequently Asked Questions

What are today's mortgage rates in Spring?

As of today, the 30-year fixed mortgage rate for Spring is approximately 6.886% (6.922% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Spring?

The median home value in Spring is $358k. The median monthly rent is $1,049. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Spring?

Home values in Spring have increased 1.3% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Spring?

Based on a typical all-in ownership cost of $1,129/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spring is $71k/year.

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What industries drive the economy in Spring?

The largest employment sectors in Spring are public administration (30%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.