Housing in Spring Hill, FL is in high demand due to its close proximity to Tampa Bay and the Gulf of Mexico. The median value of houses in Spring Hill is $293,400, significantly lower than the US House Median Value of $338,100. However, this discrepancy is offset by an impressive one year house appreciation rate of 19.51%, much higher than the national average of 8.27%. With so many amenities nearby and a strong housing market, Spring Hill continues to be a desirable location for those looking for an affordable home.
The median home cost in Spring Hill is $293,400. Home appreciation the last 10 years has been 212.0%. Home Appreciation in Spring Hill is up 28.1%.
Average Age of Homes
- The median age of Spring Hill real estate is 27 years old
The Rental Market in Spring Hill
- Renters make up 19.8% of the Spring Hill population
- 0.9% of houses and apartments in Spring Hill, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.