The housing in Springville, MI is highly desirable and has seen an impressive 15.49% increase in value over the past year. The median value of a home in Springville is currently $131,700, which pales in comparison to the national median of $338,100. Despite this difference, Springville's real estate market has proven to be robust and resilient, with a higher rate of growth than the average US house appreciation rate of 8.27%. As such, many people are looking to purchase homes in the area for a great value and an excellent opportunity for investment growth.
The median home cost in Springville is $131,700. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Springville is up 19.8%.
Average Age of Homes
- The median age of Springville real estate is 43 years old
The Rental Market in Springville
- Renters make up 14.6% of the Springville population
- 0.0% 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.