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What income do you need to buy in Spruce Hill?
About $216,000 a year to buy the typical Spruce Hill home, which sells for about $611,000.
- Typical sale price
- $611,000Median of 28 sales in the past 12 months
- Income needed
- $216,000A year, before taxes
- Cash needed up front
- $87,00010% down, transfer tax and closing costs
Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit). These are estimates, not a loan offer.
What it costs each month
| Principal and interest | $3,843 |
|---|---|
| Property tax | $682 |
| Insurance | $255 |
| Mortgage insurance | $229 |
| Total a month | $5,009 |
Claiming the Homestead Exemption could lower the property tax by about $117 a month. The total above does not include that saving.
How prices have moved
Down 11.9% from the year before, comparing the median sale price of the last 12 months with the 12 months before.
| Quarter | Median sale price | Sales |
|---|---|---|
| Q1 2025 | Few sales | 3 |
| Q2 2025 | $489,500 | 6 |
| Q3 2025 | $772,500 | 9 |
| Q4 2025 | $597,500 | 8 |
| Q1 2026 | $535,000 | 5 |
| Q2 2026 | $621,250 | 10 |
| Q3 2026 | $575,000 | 7 |
Quarters with fewer than 5 sales are left out, because a median of so few sales is unreliable.
Quarters with no recorded sales are left blank.
Tell us four things
Nearby neighborhoods
Cheaper nearby
- West Powelton $277,000
- Garden Court $520,000
- Cedar Park $430,000
Questions about buying in Spruce Hill
What income do you need to buy a home in Spruce Hill?
About $216,000 a year for the typical Spruce Hill price of $611,000, keeping the housing payment to 28% of gross income. Assumes 10% down, no other debts, credit of 700–759, and a 7.49% 30-year rate (the 7.24% weekly average plus 0.25 points for good credit).
How much cash do you need to buy in Spruce Hill?
About $87,000 up front at the typical price: 10% down ($61,000), your share of the transfer tax ($13,992) and closing costs ($12,225).
What does a typical home in Spruce Hill cost per month?
A typical Spruce Hill home costs about $5,009 a month all in: principal and interest $3,843, property tax $682, insurance $255, mortgage insurance $229. Claiming the Homestead Exemption could lower the tax by about $117 a month.
Based on 28 sales, as of 2026-10-29. Mortgage rate 7.24% (Freddie Mac, week of 2026-10-29). Estimates only, not financial advice. Talk to a lender.