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These days, finding an affordable place to live in the Springville area can be challenging. Home prices in Springville are now at a median cost of $486,879, lower than the Utah average of $525,914.
The average cost of rent is $1,699/mo in Springville, primarily driven by the current value of real estate in the Springville area. In Springville, 27.28% of households rent, and 30.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Springville is $8,093 per month. Households that rent pay about 20.99% of their income on rent here. Springville’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mapleton, UT: higher priced homes
- Spanish Fork, UT: equally priced homes
- Palmyra, UT: equally priced homes
- Provo, UT: higher priced homes
- Lake Shore, UT: higher priced homes
- Salem, UT: higher priced homes
- Woodland Hills, UT: higher priced homes
- Orem, UT: equally priced homes
- Elk Ridge, UT: higher priced homes
- Payson, UT: less expensive homes
Cities with Similar Populations
- Glendale Heights, IL: less expensive homes
- Andover, MA: higher priced homes
- Culpeper, VA: less expensive homes
- Clemmons, NC: less expensive homes
- Burien, WA: higher priced homes
- Cabo Rojo, PR: less expensive homes
- Ossining, NY: equally priced homes
- Ooltewah, TN: less expensive homes
- Oxford, MS: equally priced homes
- Pace, FL: less expensive homes
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