Spring, TX—77381
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 $553,000, with a year-over-year change of 3.5%. This indicates that home prices in Spring, TX are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $553,000 | 3.6% |
| Single Family | $563,000 | 3.7% |
| Condos | $165,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $135,000 | -6.2% |
2 Bed | $261,000 | 0.8% |
3 Bed | $396,000 | 1.5% |
4 Bed | $648,000 | 3.0% |
| 5 Bed | $945,000 | 4.8% |
% of Housing Stock
Rental Trends — Spring, TX
As of July '25, Rentcast reports the average rent in Spring, TX is $2,850, with a year-over-year rent change of 8.8%. Per bedroom, the median rent as of July '25 in Spring, TX is 1-bedrooms: $1,390, 2-bedrooms: $1,860, 3-bedrooms: $2,410, 4-bedrooms: $3,520. The most common rental property sizes in Spring, TX are 3-bedroom and 1-bedroom, accounting for 28.8% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,390 |
| 2 Bed Rent | $1,900 | $1,860 |
| 3 Bed Rent | $2,200 | $2,410 |
| 4 Bed Rent | $3,500 | $3,520 |
% 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 44. This is a increase of 26.0% 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 | $468,000 | -3.0% |
Listing Count | 170 | 56.0% |
| Listings as % of Homes | 0.6% | 56.0% |
Days on Market | 44 | 26.0% |
Demographics — Spring, TX
As of the latest ACS Survey released in 2023, Spring, TX has a population of 35,200, which has decreased by -3.6% over the past 5 years. Spring, TX is a moderately popular place for families, as children make up 24.9% of the population. The area has a highly educated workforce, with 62.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,200 | -3.6% |
% Under 18 | 24.9% | 10.7% |
% Seniors | 19.8% | 11.2% |
% WFH | 17.7% | 92.4% |
% w/ College Degree | 62.5% | -2.5% |
As of the latest ACS Survey released in 2023, Spring, TX is a predominantly white area, with 72.7% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Spring, TX is hispanic, making up 15.7% of the population. Foreign-born residents account for 18.1% of the population in Spring, TX, and this percentage has increased by 25.7% 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 | 72.7% | -8.6% |
% Black | 2.3% | 21.1% |
% Hispanic | 15.7% | 25.6% |
% Asian | 5.3% | 26.2% |
% Foreign Born | 18.1% | 25.7% |
Mortgage and Risk — Spring, TX
According to HUD data as of 2023, there were 544 mortgage originations in Spring, TX, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Spring, TX. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 544 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Spring, TX
As of 2024, the percent of homes in Spring, TX under the Section 8 program is 24.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Spring, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 736 |
Total Units Section 8 | 677 |
% Rentals under Section 8 | 24.1% |
% Occupied Section 8 | 96.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $1,300 | $1,710 |
| 2 Bedroom | $140 | $1,900 | $2,040 |
| 3 Bedroom | $520 | $2,200 | $2,720 |
| 4 Bedroom | -$70 | $3,500 | $3,430 |
Affordability — Spring, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $553,000 |
| Median Household Income | $142,000 |