Spring Hill, FL—34609
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 $326,000, with a year-over-year change of -3.9%. This indicates that home prices in Spring Hill, FL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $326,000 | -3.9% |
| Single Family | $326,000 | -3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $243,000 | -4.3% |
3 Bed | $317,000 | -4.2% |
4 Bed | $374,000 | -2.9% |
| 5 Bed | $411,000 | -3.3% |
% of Housing Stock
Rental Trends — Spring Hill, FL
As of July '25, Rentcast reports the average rent in Spring Hill, FL is $2,080, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Spring Hill, FL is 1-bedrooms: $1,180, 2-bedrooms: $1,660, 3-bedrooms: $2,020, 4-bedrooms: $2,300. The most common rental property sizes in Spring Hill, FL are 3-bedroom and 2-bedroom, accounting for 41.8% and 39.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $2,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $1,180 |
| 2 Bed Rent | $1,600 | $1,660 |
| 3 Bed Rent | $1,970 | $2,020 |
| 4 Bed Rent | $2,300 | $2,300 |
% 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 86. This is a increase of 33.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -4.0% |
Listing Count | 446 | 16.0% |
| Listings as % of Homes | 1.7% | 16.0% |
Days on Market | 86 | 33.0% |
Demographics — Spring Hill, FL
As of the latest ACS Survey released in 2023, Spring Hill, FL has a population of 46,100, which has increased by 11.7% over the past 5 years. Spring Hill, FL is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,100 | 11.7% |
% Under 18 | 20.3% | -8.6% |
% Seniors | 23.4% | -1.7% |
% WFH | 15.4% | 81.2% |
% w/ College Degree | 22.2% | 15.0% |
As of the latest ACS Survey released in 2023, Spring Hill, FL is a predominantly white area, with 65.5% of the population identifying as white. The white population has shrunk by 10.5% in the last 5 years. The second most common race or ethnicity in Spring Hill, FL is hispanic, making up 22.0% of the population. Foreign-born residents account for 10.8% of the population in Spring Hill, FL, and this percentage has increased by 16.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.5% | -10.5% |
% Black | 6.1% | 10.9% |
% Hispanic | 22.0% | 35.8% |
% Asian | 2.9% | 3.6% |
% Foreign Born | 10.8% | 16.1% |
Mortgage and Risk — Spring Hill, FL
According to HUD data as of 2023, there were 1486 mortgage originations in Spring Hill, FL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% 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. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,486 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
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 3.5%. 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 | 108 |
Total Units Section 8 | 107 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $800 | $900 | $1,700 |
| 2 Bedroom | $390 | $1,600 | $1,990 |
| 3 Bedroom | $580 | $1,970 | $2,550 |
| 4 Bedroom | $800 | $2,300 | $3,100 |
Affordability — Spring Hill, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $326,000 |
| Median Household Income | $79,300 |