Springwater, NY
Population 418 · New York
About Springwater, NY
Springwater is a small community located in New York with a population of 418 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,909 per year, which is 19% below the national median of $75,149. The median age of 55.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Springwater features a median home value of $116,300, which is 53% below the national median of $244,900. This makes Springwater one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,058, 9% below the national average of $1,163/month. Of the 266 total housing units, 70% are owner-occupied (142 units) and 30% are renter-occupied (62 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Springwater shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 30.4%, above the national average of 12.4%. Workers in Springwater have an average one-way commute time of 28.9 minutes.
Education & Demographics
4.0% of Springwater residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 1.4% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Springwater, NY
Compared to national averages, Springwater has a median household income of $60,909 (19% below the national median of $75,149). Home values average $116,300, which is 53% below the national median. Monthly rent at $1,058 is 9% below the US average of $1,163. Within New York, Springwater's income is 37% below the state average of $96,987, and home values are 70% below the state median of $387,181.
Why Live in Springwater, NY?
Springwater offers affordable housing with a median home value of $116,300, below the US average of $244,900, and rent that’s lower than the national average at $1,058/month, and a strong job market with an unemployment rate of just 2.7%.
Potential considerations include median household income ($60,909) that falls below the national average. However, Springwater’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Springwater has a population of 418 with a median age of 55.1 years. Compare Springwater with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Springwater
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Jeffersonville | 417 | $71,250 | $223,800 | Compare |
| Castorland | 414 | $58,438 | $154,300 | Compare |
| Franklin | 413 | $80,000 | $187,100 | Compare |
| Mooers | 423 | $69,417 | $162,900 | Compare |
| Hobart | 410 | $62,813 | $142,600 | Compare |
| Preston-Potter Hollow | 426 | $118,467 | $219,400 | Compare |
| Chazy | 409 | $0 | $169,100 | Compare |
| Wyoming | 427 | $73,438 | $128,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Springwater
What is the population of Springwater, NY?
The population of Springwater, NY is 418 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Springwater?
The median household income in Springwater, NY is $60,909 per year, which is 19% below the national median of $75,149.
What is the median home value in Springwater?
The median home value in Springwater, NY is $116,300, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Springwater?
The median monthly rent in Springwater, NY is $1,058, which is 9% below the national average of $1,163/month.
What is the unemployment rate in Springwater?
The unemployment rate in Springwater, NY is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Springwater, NY a good place to live?
Springwater offers a moderate cost of living, affordable housing, and a strong job market. With a population of 418 and a median age of 55.1, the city appeals to established professionals and retirees.
How educated is Springwater, NY?
4.0% of residents in Springwater aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Springwater?
Key cost-of-living indicators for Springwater, NY: median home value is $116,300 (53% below national), median rent is $1,058/month, and median household income is $60,909. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Springwater?
The poverty rate in Springwater, NY is 30.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Springwater, NY?
Springwater's population is 0.0% White, 0.0% Hispanic or Latino, 1.4% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.