The typical owner-occupied home in Springport is worth about $85,900, 61% below the Indiana median of $218,200 and 74% below the national median of $332,700. The median household earns $46,528 a year, so the median home costs 1.8 times the median income (3.0 times for Indiana). 86% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Springport at a glance
| Springport | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $85,900 | $218,200 | $332,700 |
| Median property tax paid per year | – | $1,614 | $3,119 |
| Median household income | $46,528 | $71,957 | $80,734 |
| Homes lived in by their owners | 86% | 71% | 65% |
| Owner homes with a mortgage | 41% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,000 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 23.8% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1948 | 1976 | 1980 |
| Vacant homes | 8.7% | 8.8% | 10.1% |
| Population | 154 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Springport
At this week's average 30-year rate of 7.11%, buying the median Springport home of $85,900 with 20% down costs about $577 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $720, 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 $24,720 for the 20%-down payment. That payment is 15% of the median Springport household income of $46,528; at that income and 20% down, the 28% guideline points to a home of about $162,000.
| Down payment | $17,180 |
|---|---|
| Loan amount | $68,720 |
| Principal and interest | $462 |
| Property taxes (1.10% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $577 |
Change the numbers in the calculator
| Down payment | $3,006 |
|---|---|
| Loan amount | $84,344 |
| Principal and interest | $567 |
| Property taxes (1.10% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $720 |
Change the numbers in the calculator
Questions about home buying in Springport
What is the median home value in Springport?
About $85,900 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 Springport?
For the median home with 20% down at 7.11%, the payment is about $577 a month. Keeping that under 28% of gross income takes about $24,720 a year.
More about Springport
- Mortgage Refinance in Springport
- Debt Relief in Springport
- Home Equity Loans in Springport
- 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