Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,495 people, 1,903 houses or apartments, and a median cost of homes of $287,768, Spring City real estate and house prices are near the national average for all cities and towns.
Row houses and other attached homes are the single most common housing type in Spring City, accounting for 31.86% of the borough's housing units. Other types of housing that are prevalent in Spring City include large apartment complexes or high rise apartments ( 27.90%), single-family detached homes ( 23.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 16.94%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.
People in Spring City primarily live in small (one, two or no bedroom) row houses and other attached homes. Spring City has a mixture of owner-occupied and renter-occupied housing.
The housing in Spring City was primarily built before 1939 ( 52.52%), making the housing stock in Spring City some of the oldest overall in America, although there is a range of ages of homes in Spring City. The next most important housing age is between 1940-1969 ( 25.01%), followed by between 1970-1999 ( 14.98%). There's also some housing in Spring City built between 2000 and later ( 7.49%).
Spring City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Spring City during the period has been just 4.97%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Spring City's appreciation rate, at 6.29%, has been at or slightly above the national average. In the latest quarter, Spring City's appreciation rate has been 0.82%, which annualizes to a rate of 3.31%.
Relative to Pennsylvania, our data show that Spring City's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.
$287,768
for Pennsylvania
for nation
1,903
$1,473 / per month