The typical owner-occupied home in Springerville is worth about $202,200, 49% below the Arizona median of $394,500 and 39% below the national median of $332,700. Owners pay a median $410 a year in property taxes, about 0.20% of their home's value, lower than the Arizona rate of 0.48%. The median household earns $49,051 a year, so the median home costs 4.1 times the median income (4.9 times for Arizona). 76% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Springerville at a glance
| Springerville | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $202,200 | $394,500 | $332,700 |
| Median property tax paid per year | $410 | $1,879 | $3,119 |
| Property tax as a share of value | 0.20% | 0.48% | 0.94% |
| Median household income | $49,051 | $79,964 | $80,734 |
| Homes lived in by their owners | 76% | 67% | 65% |
| Owner homes with a mortgage | 36% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,171 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 20.5% | 21.0% |
| Median rent | $1,217 | $1,543 | $1,413 |
| Rent as a share of renters' income | 35.4% | 30.8% | 30.6% |
| Median year homes were built | 1974 | 1992 | 1980 |
| Vacant homes | 21.7% | 10.5% | 10.1% |
| Population | 2,008 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Springerville
At this week's average 30-year rate of 7.11%, buying the median Springerville home of $202,200 with 20% down costs about $1,206 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,543, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $51,691 for the 20%-down payment. That payment is 30% of the median Springerville household income of $49,051; at that income and 20% down, the 28% guideline points to a home of about $192,000.
The median rent here is $1,217 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $40,440 |
|---|---|
| Loan amount | $161,760 |
| Principal and interest | $1,088 |
| Property taxes (0.20% a year) | $34 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| PMI | $0 |
| Total per month | $1,206 |
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| Down payment | $7,077 |
|---|---|
| Loan amount | $198,538 |
| Principal and interest | $1,336 |
| Property taxes (0.20% a year) | $34 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| FHA mortgage insurance | $89 |
| Total per month | $1,543 |
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Questions about home buying in Springerville
What is the median home value in Springerville?
About $202,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Springerville?
Homeowners pay a median $410 a year, which is about 0.20% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Springerville?
For the median home with 20% down at 7.11%, the payment is about $1,206 a month. Keeping that under 28% of gross income takes about $51,691 a year.
More about Springerville
- Mortgage Refinance in Springerville
- Debt Relief in Springerville
- Home Equity Loans in Springerville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data