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Spring Grove

Learn about the people, housing, costs and businesses in Spring Grove, Pennsylvania

Median Home$204,000
Median Rent$1,135/month
Population2,433
Leading IndustriesRetail · Finance & Insurance · Information & Media25% retail
Home Value Growth+8.0% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners60% of occupied units
NotableAmenity Score79/100 · highly walkable area
Spring Grove
PA

Frequently Asked Questions

What are today's mortgage rates in Spring Grove?

As of today, the 30-year fixed mortgage rate for Spring Grove is approximately 7.025% (7.066% 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 Grove?

The median home value in Spring Grove is $204k. The median monthly rent is $1,135. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Spring Grove?

Home values in Spring Grove have increased 8.0% over the past two years. This represents moderate growth. 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 Grove?

Based on a typical all-in ownership cost of $1,208/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spring Grove is $77k/year.

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What industries drive the economy in Spring Grove?

The largest employment sectors in Spring Grove are public administration (26%) and retail (25%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.