According to statistics, the population in Springville, UT amounts to 32,319, which shows growth 2% compared to the previous year. The median age of the city’s residents is 26. The average household income is $63,724, shifting growth 5% from the past year, and the average property value in Springville, UT growth 7% to $223,500 throughout the year.
|Number Of Employees||14,116|
|Median Property Value||$223,500|
The average household income in Springville, UT grew from $60,659 to $63,724 in the past year. This data is an estimate based upon 8,981 households in Springville, UT . The chart below presents how household income is distributed in Springville, UT in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Springville, UT shifted from $209,800 to $223,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Springville, UT in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Springville, UT properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Springville, UT compared to median property taxes around the country. The prevalent amount of property taxes in Springville, UT equals $1150, which is less than the national average.
|Apartment Size||Dec||vs Last Month|
|2 bed for sale||$329,000||+6.5%|
|3 bed for sale||$425,020||+6%|
|4+ bed for sale||$724,449||+23.4%|
During Dec 2021, the average price for an apartment in/near Springville, UT increased by 15.7% to $601,020.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $329,000. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $425,020. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $724,449 for a big-family home.
|Listing Type||Dec||vs Last Month|
|Apartments for sale||$270,500||-35.6%|
|Houses for sale||$679,465||+21.3%|
|Condos for sale||$334,870||+2.5%|
|Duplexes for sale||$639,900||N/A|
While assessing the property pricing Springville, UT, you can note that it remains flat with a price tag of $270,500. According to statistics, average house is still $679,465 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $334,870. An average value of duplex is $639,900, thus a median price for a duplex remains the same this month.
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