Housing in Springville

A typical Springville home is worth roughly $160,000

Home prices around Springville have risen about 63% over the past 5 years.

Typical home value

$160K

▼ 2.9% in a year · MI $266K

Estimate

2-bedroom rent

$1,260

a month, utilities in · HUD

Median tax bill

$1,291

MI $2,904

What kind of housing town is Springville?

Read from the numbers below. The page puts what stands out first.

Your money goes further40% below the Michigan typical home.A second-home town25% of homes are seasonal or vacation homes.Prices coolingDown 2.9% in a year.

★ What stands out · Affordability

A typical home costs 3.4 years of income

About the same as across Michigan. Try your own numbers below.

You could afford about

$181,000

Typical Springville home $160K

That covers a typical Springville home, with $21K to spare.

The typical home, each month

$970

Loan $790Tax $130Insurance $50

A two-bedroom rents for about $1,260 a month here, $290 more than owning.

Where your budget reaches nearby

Slagle$147K Antioch$214K Wexford$158K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Springville’s typical property tax (0.98% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

82% of Springville households own their home

Half of Springville’s homes were built before 1981.

Owners and renters

Own 82%Rent 18%

Michigan: 73% own.

1981

typical home built · MI 1972

$1,291

median property tax bill · MI $2,904

0.98%

of a home’s value, a year in tax · MI 1.25%

25%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Price trend

Home prices up 63% in 5 years

The federal house price index for the ZIP code around Springville rose 63% over the past 5 years, faster than across Michigan (52%). Last year prices fell 2.9%. Carrying the Census median home value forward with that index puts the typical Springville home at roughly $160,000 today.

Springville areaMichigan

−2.9%

past year

+63%

past 5 years

+114%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $160K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Springville, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $1,260

Renters already here pay a median of $1,115, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$950

1 bedroom$960

2 bedrooms$1,260

3 bedrooms$1,590

4 bedrooms$1,840

18%

of households rent · MI 27%

renter households

56%

of renters spend 30%+ of income on rent · MI 50%

32%

of the median income, for a two-bedroom

$1,115

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Manistee County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Springville vs. its neighbors

Springville is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.

Antioch$214K Springville$160K Wexford$158K Slagle$147K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Springville	$160K*	−2.9%†	$1,260	$46,875
Slagle	$147K*	—	$1,150	$49,583
Antioch	$214K*	−2.9%†	$1,240	$65,000
Wexford	$158K*	+0.7%†	$1,220	$77,563

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Springville buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Springville still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.