Home prices
Springville's median home value is $260,200. This is roughly $78,380 (23%) lower compared to the surrounding areas.It is about $42,700 (19%) higher compared to the United States as a whole, and it is approximately $54,300 (17%) lower compared to the city of Salt Lake City.
Rents
In Springville the median monthly rent is $1,091. Compared to its nearby areas it is about $48 (4%) higher.In comparison to the entire nation it is roughly $29 (2%) higher, and in comparison to the city of Salt Lake City it is roughly $106 (10%) higher.
Nearby places
Mapleton
Mapleton is Springville's neighbor to the southeast. The housing prices there are substantially more expensive. The median home in Mapleton is valued at $429,900, which comes out to $169,700 (39%) higher than Springville. Rent there is a bit more expensive. In Mapleton the median monthly rent is $1,164, which comes out to $73 (6%) higher than Springville.
Spanish Fork
Spanish Fork is Springville's neighbor to the south. Its housing prices are similar. The median home price in Spanish Fork is $273,600, which is $13,400 (4%) higher than Springville. Rents there are similar. The median monthly rent in Spanish Fork is $1,128, which comes out to $37 (3%) higher than Springville.
Provo
Provo is Springville's neighbor to the north. The housing prices there are fairly similar. The median home cost in Provo is $271,300, which comes out to $11,100 (4%) higher than Springville. Rents there are a little less expensive. The median rent in Provo is $877 a month, which works out to $214 (24%) lower than Springville.
Benjamin
Benjamin is about 7 miles southwest from Springville. Its housing prices are substantially more expensive. Benjamin's median home price is $386,200, which works out to $126,000 (32%) higher than Springville. Its rents are a lot less expensive. In Benjamin the median monthly rent is $798, which works out to $293 (36%) lower than Springville.
Salem
Salem is roughly 7 miles south from Springville. The real estate prices there are a bit more expensive. Salem's median home price is $331,900, which works out to $71,700 (21%) higher than Springville. Its rents are a little more expensive. The median rent in Salem is $1,250 per month, which is $159 (12%) higher than Springville.
