Spring, TX—77373
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring, TX
As of Oct '25, the median home price in Spring, TX is $242,000, with a year-over-year change of -3.1%. This indicates that home prices in Spring, TX are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | -3.1% |
| Single Family | $242,000 | -3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $157,000 | -5.4% |
3 Bed | $225,000 | -3.8% |
4 Bed | $275,000 | -2.1% |
| 5 Bed | $362,000 | -1.1% |
% of Housing Stock
Rental Trends — Spring, TX
As of July '25, Rentcast reports the average rent in Spring, TX is $1,950, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Spring, TX is 1-bedrooms: $1,350, 2-bedrooms: $1,620, 3-bedrooms: $1,880, 4-bedrooms: $2,240. The most common rental property sizes in Spring, TX are 3-bedroom and 1-bedroom, accounting for 39.6% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,350 |
| 2 Bed Rent | $1,590 | $1,620 |
| 3 Bed Rent | $1,850 | $1,880 |
| 4 Bed Rent | $2,200 | $2,240 |
% of Rental Stock
Property Listings — Spring, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring, TX is 53. This is a increase of 14.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $262,000 | -3.0% |
Listing Count | 519 | 23.0% |
| Listings as % of Homes | 1.4% | 23.0% |
Days on Market | 53 | 14.0% |
Demographics — Spring, TX
As of the latest ACS Survey released in 2023, Spring, TX has a population of 68,300, which has increased by 15.5% over the past 5 years. Spring, TX is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 68,300 | 15.5% |
% Under 18 | 26.5% | -2.6% |
% Seniors | 9.3% | -3.1% |
% WFH | 9.0% | 91.5% |
% w/ College Degree | 26.0% | 7.4% |
As of the latest ACS Survey released in 2023, Spring, TX is a predominantly hispanic area, with 40.3% of the population identifying as hispanic. The hispanic population has grown by 23.2% in the last 5 years. The second most common race or ethnicity in Spring, TX is white, making up 30.4% of the population. Foreign-born residents account for 17.4% of the population in Spring, TX, and this percentage has increased by 33.8% 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 | 30.4% | -22.4% |
% Black | 23.4% | 3.5% |
% Hispanic | 40.3% | 23.2% |
% Asian | 2.9% | -6.5% |
% Foreign Born | 17.4% | 33.8% |
Mortgage and Risk — Spring, TX
According to HUD data as of 2023, there were 1532 mortgage originations in Spring, TX, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 64.0% above 90% LTV (very high). This implies large mortgage risk in Spring, TX. Investor activity is low, as 3.0% 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 | 1,532 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Spring, TX
As of 2024, the percent of homes in Spring, TX under the Section 8 program is 6.8%. 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, TX, 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 | 415 |
Total Units Section 8 | 414 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,300 | $1,610 |
| 2 Bedroom | $330 | $1,590 | $1,920 |
| 3 Bedroom | $710 | $1,850 | $2,560 |
| 4 Bedroom | $1,020 | $2,200 | $3,220 |
Affordability — Spring, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $242,000 |
| Median Household Income | $86,700 |