Springville, IN is a great place to live as it offers an affordable housing market compared to the national average. The median value of homes in Springville is $215,600 which is significantly lower than the US median value of $338,100. Additionally, over the last year the appreciation rate of housing in Springville was 12.85%, higher than the US average of 8.27%. This means there has been strong growth in home values for those living in Springville and potential buyers could enjoy a good return on their investment.
The median home cost in Springville (zip 47462) is $215,600. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Springville (zip 47462) is up 16.7%.
Average Age of Homes
- The median age of Springville (zip 47462) real estate is 26 years old
The Rental Market in Springville (zip 47462)
- Renters make up 8.4% of the Springville (zip 47462) population
- 0.0% of houses and apartments in Springville (zip 47462), 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.