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Springtown

Learn about the people, housing, costs and businesses in Springtown, Texas

Median Home$317,000
Median Rent$1,289/month
Population3,783
Leading IndustryRetail18% of local workforce
Home Value Growth+10.8% over 2 years
Young Adults29% of residentsslightly above average
Homeowners79% of occupied units
NotableAmenity Score71/100 · highly walkable area
NotableHigh Incomes$98k/year · top 18% nationally
Springtown
TX

Frequently Asked Questions

What are today's mortgage rates in Springtown?

As of today, the 30-year fixed mortgage rate for Springtown is approximately 7.000% (7.043% 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 Springtown?

The median home value in Springtown is $317k. The median monthly rent is $1,289. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Springtown?

Home values in Springtown have increased 10.8% 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 Springtown?

Based on a typical all-in ownership cost of $1,439/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $62k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Springtown is $98k/year.

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What industries drive the economy in Springtown?

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