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Springville

Learn about the people, housing, costs and businesses in Springville, New York

Median Home$195,333
Median Rent$710/month
Population4,193
Leading IndustryPublic Administration28% of local workforce
Home Value Growth⬆⬆+18.7% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners59% of occupied units
NotableAmenity Score71/100 · highly walkable area
Springville
NY

Frequently Asked Questions

What are today's mortgage rates in Springville?

As of today, the 30-year fixed mortgage rate for Springville is approximately 7.042% (7.083% 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 Springville?

The median home value in Springville is $195k. The median monthly rent is $710. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Springville?

Home values in Springville have increased 18.7% 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 Springville?

Based on a typical all-in ownership cost of $1,017/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Springville is $72k/year.

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What industries drive the economy in Springville?

The largest employment sectors in Springville are public administration (28%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.