Spring Hill, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Spring Hill Neighborhoods Since 2000




Spring Hill, KS Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Spring Hill Housing Market Information

With 5,981 people, 1,924 houses or apartments, and a median cost of homes of $208,306, Spring Hill real estate is some of the most expensive in Kansas, 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 74.89% of the city's housing units. Other types of housing that are prevalent in Spring Hill include large apartment complexes or high rise apartments ( 14.99%), row houses and other attached homes ( 5.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.41%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spring Hill. Owner-occupied housing accounts for 75.08% of Spring Hill's homes, and 71.53% 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. 47.47% of Spring Hill's housing was built since 2000, 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. Quite a bit of the housing here was also built between 1970-1999 ( 35.59%), and between 1940-1969 ( 8.47%). There's also some housing in Spring Hill built before 1939 ( 8.47%).

Spring Hill Home Appreciation Rates

Appreciation rates for homes in Spring Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.13%, which ranks in the top 40% nationwide. This equates to an annual average Spring Hill house appreciation rate of 0.78%.

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 5.81%, which is higher than appreciation rates in 72.41% 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 -0.04%, which equates to an annual appreciation rate of -0.17%.

Relative to Kansas, our data show that Spring Hill's latest annual appreciation rate is higher than 80% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$208,306

Spring Hill, KS HOME PRICES

Value Range
> $1,158,000 0.8
$869,001 - $1,158,000 0.2
$579,001 - $869,000 2.9
$463,001 - $579,000 3.6
$347,001 - $463,000 12.4
$232,001 - $347,000 22.2
$116,001 - $232,000 50.3
$58,001 - $116,000 5.2
$0 - $58,000 2.4

Very High for KS
High for Nation

Value Relative to Nation Value Relative to State
30.2062580569553 7.4468085106383

Number Of Homes And Apartments:
1,924

Spring Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
32.55% 1.65% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,021 / per month

Homeownership Rate

Homeownership
Owners 75.08
Renters 24.92
Vacant 3.56

Housing Market Details

 

Age of Homes

AGE OF Spring Hill HOMES
2000 or Newer 47.5
1970 - 1999 35.6
1940 - 1969 8.5
1939 or Older 8.5

Types of Homes

TYPE OF Spring Hill HOMES
Single-Family 74.9
Townhomes 5.7
Small Apt. Buildings 4.4
Apt. Complexes 15.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Spring Hill HOMES
No Bedroom 4.61
1 Bedroom 6.42
2 Bedrooms 14.14
3 Bedrooms 49.57
4 Bedrooms 21.95
5 or more bedrooms 3.31

Popular Neighborhoods in Spring Hill

Zip Codes in Spring Hill, KS