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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Spring City, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Spring City, PA Housing Market Trends

With a population of 3,495, 1,903 total housing units (homes and apartments), and a median house value of $335,598, Spring City real estate prices are well above average cost compared to national prices.

Row houses and other attached homes are the single most common housing type in Spring City, accounting for 31.86% of the borough's housing units. Other types of housing that are prevalent in Spring City include large apartment complexes or high rise apartments ( 27.90%), single-family detached homes ( 23.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 16.94%). Boroughs with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Spring City primarily live in small (one, two or no bedroom) row houses and other attached homes. Spring City has a mixture of owner-occupied and renter-occupied housing.

The housing in Spring City was primarily built before 1939 ( 52.52%), making the housing stock in Spring City some of the oldest overall in America, although there is a range of ages of homes in Spring City. The next most important housing age is between 1940-1969 ( 25.01%), followed by between 1970-1999 ( 14.98%). There's also some housing in Spring City built between 2000 and later ( 7.49%).

Spring City Home Appreciation Rates

Appreciation rates for homes in Spring City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.91%, which ranks in the top 50% nationwide. This equates to an annual average Spring City house appreciation rate of 6.57%.

Appreciation rates are so strong in Spring City that despite a nationwide downturn in the housing market, Spring City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Spring City appreciation rates continue to be some of the highest in America, at 12.78%, which is higher than appreciation rates in 95.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Spring City. Spring City appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.90%.

Relative to Pennsylvania, our data show that Spring City's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$335,598

Spring City, PA Home Prices
> $1,450,000
$1,088,001 - $1,450,000
$725,001 - $1,088,000
$580,001 - $725,000
$435,001 - $580,000
$290,001 - $435,000
$145,001 - $290,000
$73,001 - $145,000
$0 - $73,000
0.0%
0.0%
1.1%
1.1%
1.4%
1.4%
1.3%
1.3%
5.6%
5.6%
57.2%
57.2%
20.3%
20.3%
7.8%
7.8%
5.3%
5.3%
0% 100.0%
% of Homes
High

for Pennsylvania

High

for nation

Number of Homes And Apartments:

1,903

Spring City Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,535 / per month

Homeownership Rate

Owners
Renters
52.6%
52.6%
47.4%
47.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.9%
6.9%
93.1%
93.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.5%
7.5%
15.0%
15.0%
25.0%
25.0%
52.5%
52.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
23.3%
23.3%
31.9%
31.9%
16.9%
16.9%
27.9%
27.9%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.3%
5.3%
21.5%
21.5%
24.5%
24.5%
34.6%
34.6%
7.8%
7.8%
6.2%
6.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Spring City

Zip Codes in Spring City, PA