Housing in Spring

A typical Spring home is worth roughly $328,000

Typical home value

$328K

UT $535K

Estimate

2-bedroom rent

$1,370

a month, utilities in · HUD

Median tax bill

$1,487

UT $2,525

What kind of housing town is Spring?

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

Your money goes further39% below the Utah typical home.

★ What stands out · Affordability

A typical home costs 4.6 years of income

Less than across Utah (5.6 years). Try your own numbers below.

You could afford about

$295,000

Typical Spring home $328K

That’s $33K short of a typical Spring home.

The typical home, each month

$1,840

Loan $1,620Tax $120Insurance $100

A two-bedroom rents for about $1,370 a month here, $470 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Spring’s typical property tax (0.45% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,370

Renters already here pay a median of $938, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$1,000

1 bedroom$1,040

2 bedrooms$1,370

3 bedrooms$1,670

4 bedrooms$1,810

16%

of households rent · UT 30%

renter households

26%

of renters spend 30%+ of income on rent · UT 47%

23%

of the median income, for a two-bedroom

$938

median rent paid today · Census

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

The homes

84% of Spring households own their home

Half of Spring’s homes were built before 1963.

Owners and renters

Own 84%Rent 16%

Utah: 70% own.

1963

typical home built · UT 1992

$1,487

median property tax bill · UT $2,525

0.45%

of a home’s value, a year in tax · UT 0.52%

of homes are seasonal or vacation homes

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

Neighbors talk housing

What Spring buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Spring 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. 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.