Spring Hill, FL—34608
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Hill, FL
As of Oct '25, the median home price in Spring Hill, FL is $293,000, with a year-over-year change of -4.9%. This indicates that home prices in Spring Hill, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | -4.9% |
| Single Family | $293,000 | -5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $236,000 | -5.6% |
3 Bed | $305,000 | -5.0% |
4 Bed | $343,000 | -3.9% |
| 5 Bed | $410,000 | -2.8% |
% of Housing Stock
Rental Trends — Spring Hill, FL
As of July '25, Rentcast reports the average rent in Spring Hill, FL is $1,960, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Spring Hill, FL is 1-bedrooms: $1,160, 2-bedrooms: $1,560, 3-bedrooms: $2,070, 4-bedrooms: $2,130. The most common rental property sizes in Spring Hill, FL are 2-bedroom and 3-bedroom, accounting for 53.9% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,160 |
| 2 Bed Rent | $1,500 | $1,560 |
| 3 Bed Rent | $2,000 | $2,070 |
| 4 Bed Rent | $2,020 | $2,130 |
% of Rental Stock
Property Listings — Spring Hill, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Hill, FL is 73. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | 1.0% |
Listing Count | 254 | 4.0% |
| Listings as % of Homes | 1.4% | 4.0% |
Days on Market | 73 | 28.0% |
Demographics — Spring Hill, FL
As of the latest ACS Survey released in 2023, Spring Hill, FL has a population of 36,600, which has increased by 6.1% over the past 5 years. Spring Hill, FL is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,600 | 6.1% |
% Under 18 | 20.8% | 4.5% |
% Seniors | 22.6% | -2.6% |
% WFH | 8.8% | 72.5% |
% w/ College Degree | 19.7% | 43.8% |
As of the latest ACS Survey released in 2023, Spring Hill, FL is a predominantly white area, with 70.8% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Spring Hill, FL is hispanic, making up 18.0% of the population. Foreign-born residents account for 9.2% of the population in Spring Hill, FL, and this percentage has decreased by 1.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.8% | 1.0% |
% Black | 4.1% | -36.9% |
% Hispanic | 18.0% | -7.2% |
% Asian | 1.9% | 26.7% |
% Foreign Born | 9.2% | -1.1% |
Mortgage and Risk — Spring Hill, FL
According to HUD data as of 2023, there were 948 mortgage originations in Spring Hill, FL, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Spring Hill, FL. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 948 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Spring Hill, FL
As of 2024, the percent of homes in Spring Hill, FL under the Section 8 program is 2.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Spring Hill, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 101 |
Total Units Section 8 | 73 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,100 | $1,490 |
| 2 Bedroom | $250 | $1,500 | $1,750 |
| 3 Bedroom | $240 | $2,000 | $2,240 |
| 4 Bedroom | $710 | $2,020 | $2,730 |
Affordability — Spring Hill, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $293,000 |
| Median Household Income | $62,200 |