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Spring Hill

Learn about the people, housing, costs and businesses in Spring Hill, Tennessee

Median Home$506,067
Median Rent$2,052/month
Population54,962
Leading IndustriesArts, Food & Hospitality · Professional Services · Healthcare9% arts, food & hospitality
Home Value Growth⬆⬆+17.9% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners75% of occupied units
NotableHighly Educated35% hold a bachelor's degree · top 3% nationally
NotableHigh Incomes$119k/year · top 9% nationally
Spring Hill
TN

Frequently Asked Questions

What are today's mortgage rates in Spring Hill?

As of today, the 30-year fixed mortgage rate for Spring Hill is approximately 6.853% (6.888% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Spring Hill?

The median home value in Spring Hill is $506k. The median monthly rent is $2,052. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Spring Hill?

Home values in Spring Hill have increased 17.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Spring Hill?

Based on a typical all-in ownership cost of $1,911/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $82k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spring Hill is $119k/year.

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What industries drive the economy in Spring Hill?

The largest employment sectors in Spring Hill are public administration (24%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.