Springhill, LA—71075

As of Aug '25, the median home price in Springhill, LA is $81,000, with a year-over-year change of -13.0%. This indicates that home prices in Springhill, LA are decreasing. According to Zillow, the 1-year price projection is NA, suggesting an uncertain housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Springhill, LA is 51. This is an increase of 15.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Springhill, LA in that year was 63. 52.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 87.0%. Of those, 49.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Springhill, LA. Investor activity in Springhill, LA is high, as 19.0% of all loans are originated by investors. In 2023, 6.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.