Market Overview
Home Prices in Springville, IN
The median home value in Springville, IN is $273,767 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Springville are priced33% below average. Springville is part of the Bedford, IN metro area.
Over the past five years, Springville home values have risen by approximately34.2%, reflecting strong long-term appreciation in this market.
Price History
Springville Home Price Trend
City Comparison
Springville vs. National Median
At $273,767, homes in Springville cost 33% below the national median of $410,000. This makes Springville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Springville?
20% Down Payment
$54,753
on $273,767
Monthly P&I
$1,428/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,814/mo
incl. taxes & insurance
Income Needed
$72,560
gross annual (30% rule)
10% Down Option
$27,377
+ PMI applies
Loan Amount (20% dn)
$219,014
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Springville, IN?
The median home value in Springville is $273,767 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Springville?
Over the past year, home values in Springville have increased by 6.3%. Over five years, prices have risen approximately 34.2%.
How much do I need to earn to buy a home in Springville?
To comfortably afford the median home price of $273,767 with a 20% down payment ($54,753) at today's rates (6.8%), you'd need a gross annual income of approximately $72,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Springville compare to the national average home price?
The national median home value is approximately $410,000. At $273,767, homes in Springville are 33% below the national average.
What metro area is Springville part of?
Springville is part of the Bedford, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.