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Springer

Learn about the people, housing, costs and businesses in Springer, New Mexico

Median Home$265,400
Median Rent$630/month
Population920
Leading IndustriesConstruction · Agriculture & Mining · Manufacturing7% construction
Home Value Growth+7.5% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners73% of occupied units
Springer
NM

Frequently Asked Questions

What are today's mortgage rates in Springer?

As of today, the 30-year fixed mortgage rate for Springer is approximately 6.995% (7.035% 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 Springer?

The median home value in Springer is $265k. The median monthly rent is $630. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Springer?

Home values in Springer have increased 7.5% 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 Springer?

Based on a typical all-in ownership cost of $688/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Springer is $55k/year.

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What industries drive the economy in Springer?

The largest employment sectors in Springer are public administration (17%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.