Quick facts: Springer, OK

Quick Facts

90.9
Cost of Living
below US average
694
Population
7.2
Crime Rate per 1000
below US average
$51,630
Median Income
below US average
$620,000
Median House Price
above US average
$1248
Average Rent
below US average
17%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $51,630.

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Income Needed to Buy

βœ— Stretch
$195k/year
Based on $620,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $195k vs median $51,630
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Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1248/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $51,630
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Springer, OK

Springer is a small town located in Johnstone County, Oklahoma, known for its charming rural atmosphere and close-knit community. The town is situated in the southeastern region of the state, providing a peaceful, small-town lifestyle surrounded by natural beauty. The area is characterized by its rolling hills, lush greenery, and historically rich landscapes. Though small, Springer offers essential amenities and local businesses that cater to the needs of its residents. The town has a rich history, with agricultural roots that contribute to its character and community spirit. Outdoor enthusiasts will appreciate the nearby parks and recreational opportunities, including hiking, fishing, and enjoying scenic views. Springer’s location also provides convenient access to larger cities, such as Durant and Ada, where residents can find additional shopping, entertainment, and dining options. The community is known for its friendly atmosphere and welcoming residents, making it an inviting place for individuals and families looking for a peaceful lifestyle in Oklahoma.

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