Springhill, LA—71075
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Springhill, LA
Springhill, LA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $79,000 | -11.8% |
| Single Family | $79,000 | -11.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Springhill, LA
Springhill, LA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Springhill, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Springhill, LA is 78. This is a increase of 7.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $112,000 | -26.0% |
Listing Count | 26 | 23.0% |
| Listings as % of Homes | 0.7% | 23.0% |
Days on Market | 78 | 7.0% |
Demographics — Springhill, LA
As of the latest ACS Survey released in 2023, Springhill, LA has a population of 5,420, which has decreased by -11.6% over the past 5 years. Springhill, LA is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 12.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,420 | -11.6% |
% Under 18 | 23.3% | 4.0% |
% Seniors | 23.1% | 9.5% |
% WFH | 10.9% | 373.9% |
% w/ College Degree | 12.0% | -7.7% |
As of the latest ACS Survey released in 2023, Springhill, LA is a predominantly white area, with 56.2% of the population identifying as white. The white population has shrunk by 17.4% in the last 5 years. The second most common race or ethnicity in Springhill, LA is black, making up 33.9% of the population. Foreign-born residents account for 0.6% of the population in Springhill, LA, and this percentage has increased by 200.0% 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 | 56.2% | -17.4% |
% Black | 33.9% | 9.0% |
% Hispanic | 6.1% | 2,950.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.6% | 200.0% |
Mortgage and Risk — Springhill, LA
According to HUD data as of 2023, there were 63 mortgage originations in Springhill, LA, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 87.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Springhill, LA. Investor activity is high, as 19.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 63 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 19.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Springhill, LA
Springhill, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 175 |
Total Units Section 8 | 175 |
% Rentals under Section 8 | 16.9% |
% Occupied Section 8 | 87.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Springhill, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $79,000 |
| Median Household Income | $33,200 |