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Springport

Learn about the people, housing, costs and businesses in Springport, Indiana

Median Home$194,200
Median Rent$940/month
Population168
Leading IndustriesRetail · Transportation · Arts, Food & Hospitality24% retail
Home Value Growth⬆⬆+20.5% over 2 years
Retirees29% of residentswell above average
Homeowners91% of occupied units
Springport
IN

Frequently Asked Questions

What are today's mortgage rates in Springport?

As of today, the 30-year fixed mortgage rate for Springport is approximately 7.059% (7.101% 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 Springport?

The median home value in Springport is $194k. The median monthly rent is $940. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Springport?

Home values in Springport have increased 20.5% 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 Springport?

Based on a typical all-in ownership cost of $913/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Springport is $71k/year.

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What industries drive the economy in Springport?

The largest employment sectors in Springport are retail (24%) and public administration (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.