Spring Hill appreciation rates and housing market information

Spring Hill housing market information

With 7,884 people, 2,871 houses or apartments, and a median cost of homes of $249,496, Spring Hill real estate is some of the most expensive in Tennessee, although Spring Hill home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Spring Hill, accounting for 88.68% of the city's housing units. Other types of housing that are prevalent in Spring Hill include large apartment complexes or high rise apartments (6.48%), duplexes, homes converted to apartments, or other small apartment buildings (2.47%), and a few mobile homes or trailers (2.23%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Spring Hill. Owner-occupied housing accounts for 80.84% of Spring Hill's homes, and 83.80% have either three or four bedrooms, which is average sized relative to America.

Spring Hill homes and real estate are some of the newest in America. 58.93% of Spring Hill's housing was built since 1995, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Spring Hill real estate market has to offer. Quit a bit of the housing here was also built between 1970-1994 (33.37%), and 1939 and earlier (4.36%).

Spring Hill home appreciation rates

In the last 10 years, Spring Hill has experienced some of the highest home appreciation rates of any community in the nation. Spring Hill real estate appreciated 130.94% over the last ten years, which is an average annual home appreciation rate of 13.09%, putting Spring Hill in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Spring Hill definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Spring Hill that despite a nationwide downturn in the housing market, Spring Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Spring Hill appreciation rates continue to be some of the highest in America, at 7.90%, which is higher than appreciation rates in 97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Spring Hill. Spring Hill appreciation rates in the latest quarter were at 1.19%, which equates to an annual appreciation rate of 4.76%.

Relative to Tennessee, our data show that Spring Hill's latest annual appreciation rate is higher than 94% of the other cities and towns in Tennessee.