Spring Hill, TN 37174 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Spring Hill, TN—37174

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$511,000

0.8% YoY Growth

Household Income

$98,800

11.6% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$2,350

2.1% YoY Growth

1-Bed Rent

$1,300

N/A

2-Bed Rent

$1,700

2.3% YoY Growth

3-Bed Rent

$2,270

3.7% YoY Growth

Home Price Trends — Spring Hill, TN

As of Dec '25, the median home price in Spring Hill, TN is $511,000, with a year-over-year change of -0.8%. This indicates that home prices in Spring Hill, TN are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$511,000	-0.8%
Single Family	$515,000	-0.8%
Condos	$330,000	0.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.7%

1 Bedroom

22.3%

2 Bedrooms

29.0%

3 Bedrooms

33.2%

4 Bedrooms

12.9%

5+ Bedrooms

1.0%

Property Listings — Spring Hill, TN

As of Dec '25, Realtor.com reports that the median days on market for a home in Spring Hill, TN is 59. This is a increase of 3.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$542,000	3.0%
Listing Count	381	-14.0%
Listings as % of Homes	1.3%	-14.0%
Days on Market	66	1.0%

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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%

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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%

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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%

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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

Spring Hill, TN—37174

Key Metrics at a Glance

Home Price Trends — Spring Hill, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spring Hill, TN

% of Rental Stock

Property Listings — Spring Hill, TN

Demographics — Spring Hill, TN

Race and Ethnicity

Mortgage and Risk — Spring Hill, TN

Mortgages

Rentals and Section 8 — Spring Hill, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Spring Hill, TN

Home Price to Income Ratio

Spring Hill, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Thompsons Station, TN

Columbia, TN

Franklin, TN

College Grove, TN

Chapel Hill, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.2
Median Home Price	$511,000
Median Household Income	$98,800

Spring Hill, TN—37174

Key Metrics at a Glance

Home Price Trends — Spring Hill, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spring Hill, TN

% of Rental Stock

Property Listings — Spring Hill, TN

Demographics — Spring Hill, TN

Race and Ethnicity

Mortgage and Risk — Spring Hill, TN

Mortgages

Rentals and Section 8 — Spring Hill, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Spring Hill, TN

Home Price to Income Ratio

Spring Hill, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Thompsons Station, TN

Columbia, TN

Franklin, TN

College Grove, TN

Chapel Hill, TN

Frequently Asked Questions

What is the average home price in Spring Hill, TN 37174?

How have home prices in Spring Hill, TN 37174 changed over the past year?

What is the home price projection for Spring Hill, TN 37174?

What are the demographics of Spring Hill, TN 37174?

How long does it take homes to sell in Spring Hill, TN 37174?

What is the average rent price in Spring Hill, TN 37174?