Spring Grove, PA—17362
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Grove, PA
As of Oct '25, the median home price in Spring Grove, PA is $321,000, with a year-over-year change of 5.7%. This indicates that home prices in Spring Grove, PA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $321,000 | 5.7% |
| Single Family | $328,000 | 5.5% |
| Condos | $261,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $253,000 | 5.9% |
3 Bed | $314,000 | 6.1% |
4 Bed | $403,000 | 4.7% |
| 5 Bed | $463,000 | 3.6% |
% of Housing Stock
Rental Trends — Spring Grove, PA
As of July '25, Rentcast reports the average rent in Spring Grove, PA is $1,490, with a year-over-year rent change of 27.4%. Per bedroom, the median rent as of July '25 in Spring Grove, PA is 1-bedrooms: $1,060, 2-bedrooms: $1,200, 3-bedrooms: $1,830. The most common rental property sizes in Spring Grove, PA are 3-bedroom and 2-bedroom, accounting for 35.0% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,490 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $1,060 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $1,700 | $1,830 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spring Grove, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Grove, PA is 85. This is a increase of 28.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | -9.0% |
Listing Count | 64 | 78.0% |
| Listings as % of Homes | 0.8% | 78.0% |
Days on Market | 85 | 28.0% |
Demographics — Spring Grove, PA
As of the latest ACS Survey released in 2023, Spring Grove, PA has a population of 14,000, which has increased by 5.4% over the past 5 years. Spring Grove, PA is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,000 | 5.4% |
% Under 18 | 20.8% | -8.4% |
% Seniors | 22.2% | 15.0% |
% WFH | 10.0% | 150.0% |
% w/ College Degree | 25.7% | 14.2% |
As of the latest ACS Survey released in 2023, Spring Grove, PA is a predominantly white area, with 92.2% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Spring Grove, PA is hispanic, making up 3.3% of the population. Foreign-born residents account for 1.3% of the population in Spring Grove, PA, and this percentage has decreased by 48.0% 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 | 92.2% | 0.1% |
% Black | 1.9% | 5.6% |
% Hispanic | 3.3% | -13.2% |
% Asian | 0.8% | -38.5% |
% Foreign Born | 1.3% | -48.0% |
Mortgage and Risk — Spring Grove, PA
According to HUD data as of 2023, there were 192 mortgage originations in Spring Grove, PA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Spring Grove, PA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 192 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Spring Grove, PA
Spring Grove, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $995 | $1,120 |
| 2 Bedroom | $200 | $1,200 | $1,400 |
| 3 Bedroom | $200 | $1,700 | $1,900 |
| 4 Bedroom | N/A | N/A | $1,960 |
Affordability — Spring Grove, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $321,000 |
| Median Household Income | $96,400 |