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Springport

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

Median Home$176,500
Median Rent$1,280/month
Population738
Leading IndustriesWholesale Trade · Retail · Construction12% wholesale trade
Home Value Growth⬆⬆+15.6% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners80% of occupied units
Springport
MI

Frequently Asked Questions

What are today's mortgage rates in Springport?

As of today, the 30-year fixed mortgage rate for Springport is approximately 7.004% (7.044% 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 $177k. The median monthly rent is $1,280. Annual property taxes average $2k. 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 15.6% 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 $985/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Springport is $75k/year.

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What industries drive the economy in Springport?

The largest employment sectors in Springport are public administration (19%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.