Median price for residential apartments in Spring Hill, FL as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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1,694 Spring Hill, FL, USA apartments for sale
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Spring Hill
According to statistics, the population in Spring Hill, FL amounts to 104,722, which shows growth 2% compared to the previous year. The median age of the city’s residents is 44. The average household income is $45,468, shifting growth 5% from the past year, and the average property value in Spring Hill, FL growth 7% to $122,900 throughout the year.
| Population | 104,722 |
| Median Age | 44.3 |
| Poverty Rate | 15% |
| Household Income | $45,468 |
| Number Of Employees | 39,139 |
| Median Property Value | $122,900 |
Household Income
The average household income in Spring Hill, FL grew from $43,202 to $45,468 in the past year. This data is an estimate based upon 39,999 households in Spring Hill, FL . The chart below presents how household income is distributed in Spring Hill, FL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Spring Hill, FL shifted from $114,400 to $122,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Spring Hill, FL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Spring Hill, FL properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Spring Hill, FL compared to median property taxes around the country. The prevalent amount of property taxes in Spring Hill, FL equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Spring Hill, FL, USA
Average apartment sale in Spring Hill: $329,030 (-2.2%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $129,461 | -31% |
| 1-bed apartments | $109,900 | N/A |
| 2-bed apartments | $255,449 | +0.1% |
| 3-bed apartments | $347,822 | -0.2% |
| 4+ bed apartments | $451,862 | -0.3% |
During Dec 2022, the average price for an apartment in/near Spring Hill, FL decreased by 2.2% to $329,030.
Knowing the current property prices is key if you plan to buy a studio in Spring Hill, FL. The average price for a studio has decreased since the last month, currently being $129,461. After collecting all data points, we now see that the average price for 1-bed apartment stands at $109,900 with no changes this month. Asking price for 2-bed apartment also increased by 0.1% and a place of this size will now cost you $255,449. A 3-bed apartment goes for $347,822, it decreased by 0.2% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 0.3% and made it down to $451,862.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $345,850 | -0.2% |
| Land for sale | $159,844 | -32.8% |
| Townhouses for sale | $83,000 | +0% |
| Apartments for sale | $220,300 | +22.4% |
| Condos for sale | $163,556 | -17.2% |
| Duplexes for sale | $367,500 | +0% |
| Lofts for sale | $450,816 | +0% |
The average cost of an apartment in Spring Hill, FL rised by 22.4% to $220,300. Price reports demonstrate that house price decreased by 0.2% this month making it up to $345,850. Condos faced an upward trend these days. The median price for a condo decreased by 17.2%, it’s now available for $163,556. An average value of duplex is $367,500, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $450,816. Value of the townhouses didn’t change, the price still starts at $83,000. The average price of the land for sale in Spring Hill, FL has decreased by 32.8%, and now equals $159,844.
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