Spring Grove, PA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Spring Grove Housing Market Information

With a population of 2,178, 880 total housing units (homes and apartments), and a median house value of $175,700, Spring Grove real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Spring Grove, accounting for 59.52% of the borough's housing units. Other types of housing that are prevalent in Spring Grove include row houses and other attached homes ( 18.71%), large apartment complexes or high rise apartments ( 13.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.88%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spring Grove. Owner-occupied housing accounts for 67.61% of Spring Grove's homes, and 56.78% have either three or four bedrooms, which is average sized relative to America.

The housing in Spring Grove was primarily built before 1939 ( 31.95%), making the housing stock in Spring Grove some of the oldest overall in America, although there is a range of ages of homes in Spring Grove. The next most important housing age is between 1970-1999 ( 30.74%), followed by between 1940-1969 ( 25.60%). There's also some housing in Spring Grove built between 2000 and later ( 11.71%).

Spring Grove Home Appreciation Rates

Spring Grove's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Spring Grove during the period has been just 1.15%, which is lower than 80% of US communities.

Over the last year, Spring Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Spring Grove's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Spring Grove were at 0.61%, which equates to an annual appreciation rate of 2.45%.

Notably, Spring Grove's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Spring Grove's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 
info

Median Home Value:
$175,700

Spring Grove, PA HOME PRICES

> $1,160,000
0.0%
0.0%
$870,001 - $1,160,000
0.0%
0.0%
$580,001 - $870,000
0.7%
0.7%
$464,001 - $580,000
1.2%
1.2%
$348,001 - $464,000
1.6%
1.6%
$232,001 - $348,000
15.0%
15.0%
$116,001 - $232,000
58.1%
58.1%
$58,001 - $116,000
7.1%
7.1%
$0 - $58,000
16.2%
16.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for PA

Value Relative To Nation

Number Of Homes And Apartments:
880

Spring Grove Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
54.21% 2.11%
3
4
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,185 / per month

Homeownership Rate

Owners
67.6%
67.6%
Renters
32.4%
32.4%
Vacant
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
11.7%
11.7%
1970 - 1999
30.7%
30.7%
1940 - 1969
25.6%
25.6%
1939 or Older
31.9%
31.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.5%
59.5%
Townhomes
18.7%
18.7%
Small Apt. Buildings
7.9%
7.9%
Apt. Complexes
13.9%
13.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
5.0%
5.0%
2 Bedrooms
31.3%
31.3%
3 Bedrooms
39.5%
39.5%
4 Bedrooms
17.3%
17.3%
5 or more bedrooms
4.7%
4.7%
0.0% 100.0%
% OF HOMES