The typical owner-occupied home in Spring Mills is worth about $229,700, 10% below the Pennsylvania median of $254,500 and 31% below the national median of $332,700. Owners pay a median $2,123 a year in property taxes, about 0.92% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $68,750 a year, so the median home costs 3.3 times the median income (3.3 times for Pennsylvania). 73% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Spring Mills at a glance
| Spring Mills | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $229,700 | $254,500 | $332,700 |
| Median property tax paid per year | $2,123 | $3,311 | $3,119 |
| Property tax as a share of value | 0.92% | 1.30% | 0.94% |
| Median household income | $68,750 | $77,971 | $80,734 |
| Homes lived in by their owners | 73% | 69% | 65% |
| Owner homes with a mortgage | 55% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,400 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 26.1% | 19.4% | 21.0% |
| Median rent | $830 | $1,209 | $1,413 |
| Rent as a share of renters' income | 17.7% | 29.2% | 30.6% |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 0.0% | 9.2% | 10.1% |
| Population | 564 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Spring Mills
At this week's average 30-year rate of 7.11%, buying the median Spring Mills home of $229,700 with 20% down costs about $1,508 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,891, 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 $64,628 for the 20%-down payment. That payment is 26% of the median Spring Mills household income of $68,750; at that income and 20% down, the 28% guideline points to a home of about $244,000.
The median rent here is $830 a month, so owning the median home costs about $678 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $45,940 |
|---|---|
| Loan amount | $183,760 |
| Principal and interest | $1,236 |
| Property taxes (0.92% a year) | $176 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| PMI | $0 |
| Total per month | $1,508 |
Change the numbers in the calculator
| Down payment | $8,040 |
|---|---|
| Loan amount | $225,540 |
| Principal and interest | $1,517 |
| Property taxes (0.92% a year) | $176 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| FHA mortgage insurance | $102 |
| Total per month | $1,891 |
Change the numbers in the calculator
Questions about home buying in Spring Mills
What is the median home value in Spring Mills?
About $229,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Spring Mills?
Homeowners pay a median $2,123 a year, which is about 0.92% 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 Spring Mills?
For the median home with 20% down at 7.11%, the payment is about $1,508 a month. Keeping that under 28% of gross income takes about $64,628 a year.
More about Spring Mills
- Mortgage Refinance in Spring Mills
- Debt Relief in Spring Mills
- Home Equity Loans in Spring Mills
- 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