The typical owner-occupied home in Springerton is worth about $58,800, 78% below the Illinois median of $263,300 and 82% below the national median of $332,700. The median household earns $45,938 a year, so the median home costs 1.3 times the median income (3.2 times for Illinois). 78% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Springerton at a glance
| Springerton | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $58,800 | $263,300 | $332,700 |
| Median property tax paid per year | – | $5,298 | $3,119 |
| Median household income | $45,938 | $83,390 | $80,734 |
| Homes lived in by their owners | 78% | 67% | 65% |
| Owner homes with a mortgage | 24% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,150 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 12.9% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1995 | 1971 | 1980 |
| Vacant homes | 24.5% | 7.7% | 10.1% |
| Population | 89 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Springerton
At this week's average 30-year rate of 7.11%, buying the median Springerton home of $58,800 with 20% down costs about $395 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $493, 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 $16,922 for the 20%-down payment. That payment is 10% of the median Springerton household income of $45,938; at that income and 20% down, the 28% guideline points to a home of about $160,000.
| Down payment | $11,760 |
|---|---|
| Loan amount | $47,040 |
| Principal and interest | $316 |
| Property taxes (1.10% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $395 |
Change the numbers in the calculator
| Down payment | $2,058 |
|---|---|
| Loan amount | $57,735 |
| Principal and interest | $388 |
| Property taxes (1.10% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $26 |
| Total per month | $493 |
Change the numbers in the calculator
Questions about home buying in Springerton
What is the median home value in Springerton?
About $58,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Springerton?
For the median home with 20% down at 7.11%, the payment is about $395 a month. Keeping that under 28% of gross income takes about $16,922 a year.
More about Springerton
- Mortgage Refinance in Springerton
- Debt Relief in Springerton
- Home Equity Loans in Springerton
- 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