Spring Hill, FL—34610
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Hill, FL
As of Nov '25, the median home price in Spring Hill, FL is $379,000, with a year-over-year change of -3.1%. This indicates that home prices in Spring Hill, FL are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $379,000 | -3.1% |
| Single Family | $380,000 | -2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | -4.6% |
3 Bed | $361,000 | -2.4% |
4 Bed | $422,000 | -2.5% |
| 5 Bed | $548,021 | -3.3% |
% of Housing Stock
Rental Trends — Spring Hill, FL
As of July '25, Rentcast reports the average rent in Spring Hill, FL is $2,520, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Spring Hill, FL is 2-bedrooms: $1,990, 3-bedrooms: $2,360, 4-bedrooms: $2,660. The most common rental property sizes in Spring Hill, FL are 3-bedroom and 2-bedroom, accounting for 42.1% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,170 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,750 | $1,990 |
| 3 Bed Rent | $2,140 | $2,360 |
| 4 Bed Rent | $2,300 | $2,660 |
% of Rental Stock
Property Listings — Spring Hill, FL
As of Nov '25, Realtor.com reports that the median days on market for a home in Spring Hill, FL is 98. This is a increase of 11.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $457,000 | 6.0% |
Listing Count | 113 | 22.0% |
| Listings as % of Homes | 0.8% | 22.0% |
Days on Market | 98 | 11.0% |
Demographics — Spring Hill, FL
As of the latest ACS Survey released in 2023, Spring Hill, FL has a population of 16,500, which has increased by 12.9% over the past 5 years. Spring Hill, FL is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 23.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,500 | 12.9% |
% Under 18 | 22.5% | 7.7% |
% Seniors | 14.9% | -15.8% |
% WFH | 11.0% | 103.7% |
% w/ College Degree | 23.5% | 64.3% |
As of the latest ACS Survey released in 2023, Spring Hill, FL is a predominantly white area, with 76.1% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Spring Hill, FL is hispanic, making up 16.6% of the population. Foreign-born residents account for 10.9% of the population in Spring Hill, FL, and this percentage has increased by 165.9% 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 | 76.1% | -11.3% |
% Black | 2.0% | -37.5% |
% Hispanic | 16.6% | 110.1% |
% Asian | 2.0% | 66.7% |
% Foreign Born | 10.9% | 165.9% |
Mortgage and Risk — Spring Hill, FL
According to HUD data as of 2023, there were 576 mortgage originations in Spring Hill, FL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Spring Hill, FL. Investor activity is low, as 2.0% 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 | 576 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Spring Hill, FL
Spring Hill, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | N/A | N/A | $1,450 |
| 2 Bedroom | -$50 | $1,750 | $1,700 |
| 3 Bedroom | $40 | $2,140 | $2,180 |
| 4 Bedroom | $350 | $2,300 | $2,650 |
Affordability — Spring Hill, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $379,000 |
| Median Household Income | $73,900 |