The housing market in Springville, UT is booming at the moment. The median value for homes in Springville is $484,200 which is significantly higher than the US average of $338,100. This difference has been boosted even more by a one-year house appreciation of 10.89%, which is higher than the US average 8.27%. Clearly real estate in Springville is an attractive option when compared to its national counterpart.
The median home cost in Springville is $484,200. Home appreciation the last 10 years has been 166.8%. Home Appreciation in Springville is up 16.1%.
Average Age of Homes
- The median age of Springville real estate is 25 years old
The Rental Market in Springville
- Renters make up 28.3% of the Springville population
- 1.4% of houses and apartments in Springville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.