Springville, UT—84663
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Springville, UT
As of Oct '25, the median home price in Springville, UT is $502,000, with a year-over-year change of 3.1%. This indicates that home prices in Springville, UT are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $502,000 | 3.1% |
| Single Family | $517,000 | 3.4% |
| Condos | $315,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $370,000 | 2.8% |
3 Bed | $453,000 | 3.4% |
4 Bed | $525,000 | 2.5% |
| 5 Bed | $627,000 | 3.5% |
% of Housing Stock
Rental Trends — Springville, UT
As of July '25, Rentcast reports the average rent in Springville, UT is $1,750, with a year-over-year rent change of 1.7%. Per bedroom, the median rent as of July '25 in Springville, UT is 1-bedrooms: $911, 2-bedrooms: $1,220, 3-bedrooms: $1,700, 4-bedrooms: $2,320. The most common rental property sizes in Springville, UT are 3-bedroom and 2-bedroom, accounting for 44.0% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,580 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $911 |
| 2 Bed Rent | $1,180 | $1,220 |
| 3 Bed Rent | $1,580 | $1,700 |
| 4 Bed Rent | $2,300 | $2,320 |
% of Rental Stock
Property Listings — Springville, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Springville, UT is 66. This is a increase of 39.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $492,000 | -16.0% |
Listing Count | 136 | 23.0% |
| Listings as % of Homes | 0.7% | 23.0% |
Days on Market | 66 | 39.0% |
Demographics — Springville, UT
As of the latest ACS Survey released in 2023, Springville, UT has a population of 35,900, which has increased by 7.2% over the past 5 years. Springville, UT is a popular place for families, as children make up 35.5% of the population. The area has a moderately educated workforce, with 38.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,900 | 7.2% |
% Under 18 | 35.5% | -5.6% |
% Seniors | 9.6% | 23.1% |
% WFH | 14.5% | 119.7% |
% w/ College Degree | 38.9% | 7.8% |
As of the latest ACS Survey released in 2023, Springville, UT is a predominantly white area, with 76.7% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Springville, UT is hispanic, making up 17.8% of the population. Foreign-born residents account for 9.2% of the population in Springville, UT, and this percentage has increased by 19.5% 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 | 76.7% | -4.7% |
% Black | 0.3% | -25.0% |
% Hispanic | 17.8% | 16.3% |
% Asian | 1.1% | 57.1% |
% Foreign Born | 9.2% | 19.5% |
Mortgage and Risk — Springville, UT
According to HUD data as of 2023, there were 654 mortgage originations in Springville, UT, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Springville, UT. 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 | 654 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Springville, UT
As of 2024, the percent of homes in Springville, UT under the Section 8 program is 3.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Springville, UT, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 123 |
Total Units Section 8 | 123 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $800 | $1,190 |
| 2 Bedroom | $200 | $1,180 | $1,380 |
| 3 Bedroom | $350 | $1,580 | $1,930 |
| 4 Bedroom | $20 | $2,300 | $2,320 |
Affordability — Springville, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $502,000 |
| Median Household Income | $88,900 |