Commercial Real Estate Market in Spring Mills, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 71 off-market properties in Spring Mills, PA.
Market Trends
Spring Mills, PA spans 82.1 square miles in Centre County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Spring Mills, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Spring Mills, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Spring Mills, PA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Spring Mills, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Spring Mills, PA has 4,031 residents in 1,640 households. Density runs 49 people per square mile. Median household income here is $67,645 and median gross rent $905 a month.
4,031
Population
1,640
Households
2.5
Avg Household Size
46
Median Age
33%
College-Educated
94%
High-School Grad
82.1 sq mi
ZIP Area
49
Density / Sq Mi
$67,645
Median Household Income
$44,497
Median Earnings
$905
Median Rent
$273,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Millheim | — | — |
| Coburn | — | — |
| Madisonburg | — | — |
| Centre Hall | — | — |
Commercial property in Spring Mills, PA asks $516/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spring Mills?
Commercial property in Spring Mills, PA asks an average of $516 per square foot.
Where does Realmo's Spring Mills market data come from?
Realmo compiles Spring Mills, PA figures from 2 recent recorded sales, 16 active sale listings, 71 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 0 active for-lease listings in Spring Mills, PA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
