Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Springerton

Learn about the people, housing, costs and businesses in Springerton, Illinois

Median Home$105,500
Median Rent$672/month
Population92
Leading IndustriesManufacturing · Agriculture & Mining · Construction7% manufacturing
Home Value Growth+5.6% over 2 years
Retirees29% of residentswell above average
Homeowners89% of occupied units
NotableAffordable Market$106k median home · lower cost than 90% of the country
NotableVeteran Community9% of residents · top 22% nationally
Springerton
IL

Frequently Asked Questions

What are today's mortgage rates in Springerton?

As of today, the 30-year fixed mortgage rate for Springerton is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Springerton
What is the median home price in Springerton?

The median home value in Springerton is $106k. The median monthly rent is $672. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Springerton?

Home values in Springerton have increased 5.6% 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 Springerton?

Based on a typical all-in ownership cost of $676/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 Springerton is $59k/year.

Calculate your buying power
What industries drive the economy in Springerton?

The largest employment sectors in Springerton are public administration (21%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.