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Spring Mills

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

Median Home$287,800
Median Rent$982/month
Population356
Leading IndustriesPublic Administration · Wholesale Trade · Arts, Food & Hospitality32% public administration
Home Value Growth⬆⬆+13.7% over 2 years
Retirees27% of residentsabove average nationally
Homeowners85% of occupied units
NotableTransit81/100 · excellent transit access
Spring Mills
PA

Frequently Asked Questions

What are today's mortgage rates in Spring Mills?

As of today, the 30-year fixed mortgage rate for Spring Mills is approximately 6.902% (6.938% 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 Mills?

The median home value in Spring Mills is $288k. The median monthly rent is $982. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Spring Mills?

Home values in Spring Mills have increased 13.7% over the past two years. This indicates a strong appreciation trend. 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 Mills?

Based on a typical all-in ownership cost of $1,082/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spring Mills is $79k/year.

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What industries drive the economy in Spring Mills?

The largest employment sectors in Spring Mills are public administration (32%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.