Spring Mills, PA—16875
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Mills, PA
As of Oct '25, the median home price in Spring Mills, PA is $344,000, with a year-over-year change of 4.7%. This indicates that home prices in Spring Mills, PA are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $344,000 | 4.7% |
| Single Family | $344,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $269,000 | 5.9% |
3 Bed | $333,000 | 5.0% |
4 Bed | $473,000 | 5.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spring Mills, PA
As of July '25, Rentcast reports the average rent in Spring Mills, PA is $1,300, with a year-over-year rent change of 13.0%. Per bedroom, the median rent as of July '25 in Spring Mills, PA is 2-bedrooms: $1,300. The most common rental property sizes in Spring Mills, PA are 1-bedroom and 3-bedroom, accounting for 27.6% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spring Mills, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Mills, PA is 29. This is a increase of 2.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $924,000 | 60.0% |
Listing Count | 8 | -17.0% |
| Listings as % of Homes | 0.1% | -17.0% |
Days on Market | 29 | 2.0% |
Demographics — Spring Mills, PA
As of the latest ACS Survey released in 2023, Spring Mills, PA has a population of 3,690, which has decreased by -9.0% over the past 5 years. Spring Mills, PA is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 33.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,690 | -9.0% |
% Under 18 | 22.9% | 2.2% |
% Seniors | 22.1% | 38.1% |
% WFH | 9.2% | 87.8% |
% w/ College Degree | 33.1% | 28.8% |
As of the latest ACS Survey released in 2023, Spring Mills, PA is a predominantly white area, with 94.9% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Spring Mills, PA is asian, making up 2.8% of the population. Foreign-born residents account for 1.1% of the population in Spring Mills, PA, and this percentage has increased by 10.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.9% | -1.9% |
% Black | 0.1% | -87.5% |
% Hispanic | 0.8% | -65.2% |
% Asian | 2.8% | ∞% |
% Foreign Born | 1.1% | 10.0% |
Mortgage and Risk — Spring Mills, PA
According to HUD data as of 2023, there were 78 mortgage originations in Spring Mills, PA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Spring Mills, PA. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 78 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Spring Mills, PA
Spring Mills, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | -$110 | $1,300 | $1,190 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Spring Mills, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $344,000 |
| Median Household Income | $67,600 |