The typical owner-occupied home in Springbrook is worth about $151,000, 27% below the Iowa median of $208,000 and 55% below the national median of $332,700. Owners pay a median $1,330 a year in property taxes, about 0.88% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $53,750 a year, so the median home costs 2.8 times the median income (2.8 times for Iowa). 92% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Springbrook at a glance
| Springbrook | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $151,000 | $208,000 | $332,700 |
| Median property tax paid per year | $1,330 | $2,897 | $3,119 |
| Property tax as a share of value | 0.88% | 1.39% | 0.94% |
| Median household income | $53,750 | $75,059 | $80,734 |
| Homes lived in by their owners | 92% | 72% | 65% |
| Owner homes with a mortgage | 38% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,297 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 18.7% | 21.0% |
| Median rent | – | $972 | $1,413 |
| Median year homes were built | 1971 | 1972 | 1980 |
| Vacant homes | 11.8% | 8.5% | 10.1% |
| Population | 125 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Springbrook
At this week's average 30-year rate of 7.11%, buying the median Springbrook home of $151,000 with 20% down costs about $986 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,238, 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 $42,269 for the 20%-down payment. That payment is 22% of the median Springbrook household income of $53,750; at that income and 20% down, the 28% guideline points to a home of about $192,000.
| Down payment | $30,200 |
|---|---|
| Loan amount | $120,800 |
| Principal and interest | $813 |
| Property taxes (0.88% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| PMI | $0 |
| Total per month | $986 |
Change the numbers in the calculator
| Down payment | $5,285 |
|---|---|
| Loan amount | $148,265 |
| Principal and interest | $997 |
| Property taxes (0.88% a year) | $111 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| FHA mortgage insurance | $67 |
| Total per month | $1,238 |
Change the numbers in the calculator
Questions about home buying in Springbrook
What is the median home value in Springbrook?
About $151,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Springbrook?
Homeowners pay a median $1,330 a year, which is about 0.88% 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 Springbrook?
For the median home with 20% down at 7.11%, the payment is about $986 a month. Keeping that under 28% of gross income takes about $42,269 a year.
More about Springbrook
- Mortgage Refinance in Springbrook
- Debt Relief in Springbrook
- Home Equity Loans in Springbrook
- 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