Spring Bay, IL Real Estate & Schools — Score 43/100 | ValiFit

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Spring Bay, IL — Key Facts

Spring Bay, IL has a population of approximately 483.

The median home sale price in Spring Bay is $164K (Source: Redfin, 2025).

To purchase the median home in Spring Bay, a household would need an estimated annual income of $48,823, based on a 20% down payment, a 6.00% mortgage rate (Source: FRED), and a 28% front-end DTI ratio.

The estimated monthly mortgage payment (PITI) for the median home is $1,139, including principal, interest, property tax, and insurance.

The estimated annual property tax on the median home is $3,657 (Source: IL Division of Taxation, effective rate: 2.23%).

FHA loan eligibility at the median price: Yes (Source: HUD FHA Loan Limits, 2026).

Safety infrastructure score: 55/100, based on police, fire, and EMS staffing levels (Sources: FBI UCR, NFPA, NASEMSO).

Healthcare access score: 30/100, evaluating hospital proximity, provider ratios, and shortage area designations (Sources: HRSA, County Health Rankings).

This data is provided by ValiFit and is not financial advice. Actual mortgage qualification depends on individual lender requirements, credit history, and outstanding debts.

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Spring Bay, IL Real Estate & Schools — Score 43/100 | ValiFit