Springville, NY—14141
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Springville, NY
As of Oct '25, the median home price in Springville, NY is $249,000, with a year-over-year change of 3.1%. This indicates that home prices in Springville, NY are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | 3.1% |
| Single Family | $250,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $220,000 | 3.8% |
3 Bed | $254,000 | 2.4% |
4 Bed | $274,000 | 4.6% |
| 5 Bed | $275,000 | 3.8% |
% of Housing Stock
Rental Trends — Springville, NY
As of July '25, Rentcast reports the average rent in Springville, NY is $850, with a year-over-year rent change of 16.8%. Per bedroom, the median rent as of July '25 in Springville, NY is 1-bedrooms: $850. The most common rental property sizes in Springville, NY are 1-bedroom and 3-bedroom, accounting for 38.8% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Springville, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Springville, NY is 51. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | 13.0% |
Listing Count | 29 | -14.0% |
| Listings as % of Homes | 0.2% | -14.0% |
Days on Market | 51 | 13.0% |
Demographics — Springville, NY
As of the latest ACS Survey released in 2023, Springville, NY has a population of 7,620, which has increased by 1.7% over the past 5 years. Springville, NY is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 28.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,620 | 1.7% |
% Under 18 | 23.1% | 14.9% |
% Seniors | 19.5% | -8.5% |
% WFH | 11.0% | 547.1% |
% w/ College Degree | 28.2% | 18.5% |
As of the latest ACS Survey released in 2023, Springville, NY is a predominantly white area, with 96.1% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Springville, NY is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.2% of the population in Springville, NY, and this percentage has decreased by 47.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.1% | -1.5% |
% Black | 0.6% | 100.0% |
% Hispanic | 1.5% | 87.5% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 1.2% | -47.8% |
Mortgage and Risk — Springville, NY
According to HUD data as of 2023, there were 110 mortgage originations in Springville, NY, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Springville, NY. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 110 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Springville, NY
Springville, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 122 |
Total Units Section 8 | 80 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $850 | $900 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Springville, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $249,000 |
| Median Household Income | $71,800 |