Quick facts: Springville, UT

Quick Facts

105.9
Cost of Living
above US average
35,832
Population
11.86
Crime Rate per 1000
below US average
$84,699
Median Income
above US average
$489,900
Median House Price
above US average
$1619.07
Average Rent
above US average
5%
Poverty Rate
below US average
3.6%
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 $84,699.

🏠

Income Needed to Buy

βœ— Stretch
$154k/year
Based on $489,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $154k vs median $84,699
🏒

Income Needed to Rent

βœ“ Affordable
$69k/year
Based on $1619.07/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($84,699) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Springville, UT

Springville, Utah, located in Utah County, is often referred to as the "Art City" due to its rich cultural heritage and vibrant art scene. Nestled at the foothills of the Wasatch Mountains, Springville offers residents and visitors stunning natural landscapes, outdoor recreational opportunities, and a close-knit community atmosphere. With a population of around 35,000, Springville is known for its family-friendly environment and high quality of life. The city boasts numerous parks, trails, and open spaces, making it ideal for outdoor activities like hiking, biking, and fishing. The Springville Museum of Art, one of the oldest art museums in Utah, showcases local and regional artists and hosts various cultural events throughout the year. The downtown area features charming shops, dining options, and local businesses, contributing to the city’s vibrant community feel. Springville is also well-connected to larger urban centers like Provo and Orem, providing easy access to additional amenities and services while maintaining a suburban charm. Whether you’re exploring the scenic beauty or enjoying the local arts, Springville is a welcoming and engaging place to live and visit.

πŸ” Search & Compare Places

First Location πŸ“