Spring Hill, TN—37174
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Hill, TN
As of Oct '25, the median home price in Spring Hill, TN is $513,000, with a year-over-year change of -0.9%. This indicates that home prices in Spring Hill, TN are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $513,000 | -0.9% |
| Single Family | $517,000 | -1.0% |
| Condos | $332,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $324,000 | -3.0% |
3 Bed | $445,000 | -1.5% |
4 Bed | $608,000 | -0.7% |
| 5 Bed | $757,000 | 0.1% |
% of Housing Stock
Rental Trends — Spring Hill, TN
As of July '25, Rentcast reports the average rent in Spring Hill, TN is $2,380, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Spring Hill, TN is 1-bedrooms: $1,320, 2-bedrooms: $1,720, 3-bedrooms: $2,260, 4-bedrooms: $2,840. The most common rental property sizes in Spring Hill, TN are 3-bedroom and 2-bedroom, accounting for 33.2% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,320 |
| 2 Bed Rent | $1,700 | $1,720 |
| 3 Bed Rent | $2,270 | $2,260 |
| 4 Bed Rent | $2,660 | $2,840 |
% of Rental Stock
Property Listings — Spring Hill, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Hill, TN is 54. This is a increase of 30.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 2.0% |
Listing Count | 483 | 10.0% |
| Listings as % of Homes | 1.3% | 10.0% |
Days on Market | 54 | 30.0% |
Demographics — Spring Hill, TN
As of the latest ACS Survey released in 2023, Spring Hill, TN has a population of 50,800, which has increased by 45.6% over the past 5 years. Spring Hill, TN is a popular place for families, as children make up 26.6% of the population. The area has a moderately educated workforce, with 42.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,800 | 45.6% |
% Under 18 | 26.6% | -12.5% |
% Seniors | 13.9% | 56.2% |
% WFH | 20.8% | 139.1% |
% w/ College Degree | 42.4% | -0.5% |
As of the latest ACS Survey released in 2023, Spring Hill, TN is a predominantly white area, with 82.1% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Spring Hill, TN is hispanic, making up 8.0% of the population. Foreign-born residents account for 4.5% of the population in Spring Hill, TN, and this percentage has decreased by 38.4% 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 | 82.1% | -3.5% |
% Black | 4.8% | 2.1% |
% Hispanic | 8.0% | 33.3% |
% Asian | 1.8% | -18.2% |
% Foreign Born | 4.5% | -38.4% |
Mortgage and Risk — Spring Hill, TN
According to HUD data as of 2023, there were 1480 mortgage originations in Spring Hill, TN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Spring Hill, TN. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,480 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Spring Hill, TN
As of 2024, the percent of homes in Spring Hill, TN under the Section 8 program is 0.1%. 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, TN, 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 | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $1,300 | $1,890 |
| 2 Bedroom | $520 | $1,700 | $2,220 |
| 3 Bedroom | $540 | $2,270 | $2,810 |
| 4 Bedroom | $570 | $2,660 | $3,230 |
Affordability — Spring Hill, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $513,000 |
| Median Household Income | $98,800 |