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Springhill

Learn about the people, housing, costs and businesses in Springhill, Louisiana

Median Home$97,492
Median Rent$746/month
Population4,619
Leading IndustriesManufacturing · Finance & Insurance · Public Administration4% manufacturing
Home Value Growth+7.2% over 2 years
Retirees21% of residentsnear the national average
Homeowners58% of occupied units
NotableAmenity Score77/100 · highly walkable area
NotableAffordable Market$97k median home · lower cost than 93% of the country
Springhill
LA

Frequently Asked Questions

What are today's mortgage rates in Springhill?

As of today, the 30-year fixed mortgage rate for Springhill is approximately 7.490% (7.547% 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 Springhill?

The median home value in Springhill is $97k. The median monthly rent is $746. Annual property taxes average $199. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Springhill?

Home values in Springhill have increased 7.2% over the past two years. This represents moderate growth. 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 Springhill?

Based on a typical all-in ownership cost of $595/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Springhill is $40k/year.

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What industries drive the economy in Springhill?

The largest employment sectors in Springhill are public administration (30%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.