Spring Ridge First-Time Homebuyer Report for October

Spring Ridge is a small city in Pennsylvania with a median income of $74,581 per household. On top of being very affluent, it also ranks as the 10th-youngest with a median age of 59 years. The Spring Ridge market is primarily made up of condos and townhouses, currently accounting for 14% overall. Heading the list of top schools in the city is Spring Ridge Elementary School.

Price Range

Spring Ridge has some of the more expensive homes in the state with a median home value of $185,500 and a current average list price of $223,536. The number of home sales in the Spring Ridge market spiked 66.7% to five homes over the last 30 days.

Curious as to which homes have been getting the most attention in Spring Ridge? These listings have stirred up interest and produced the most views:

$300K   $209K   $135K  

Typical Dwelling

The typical dwelling in Spring Ridge is a three-bedroom townhouse worth about $192,498. To purchase a similar home, a buyer with good credit and a $38,500 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,256 monthly payment. The property tax rate is $18.32 per $1,000 of taxable assessed value.

Get started right now by checking out Spring Ridge homes for sale or reviewing Spring Ridge real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
RE/MAX of Reading
Coldwell Banker Residential Brokerage
Snapped 1 home in this area

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