Spring Hill Home Prices & Values

$193,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 9.7% 1-year change
  • No data 1-year forecast

The median home value in Spring Hill is $193,700. Spring Hill home values have gone up 9.7% over the past year. The median list price per square foot in Spring Hill is $108, which is lower than the Nashville Metro average of $111. The median price of homes currently listed in Spring Hill is $234,943 while the median price of homes that sold is $200,250. The median rent price in Spring Hill is $1,550.

Foreclosures will be a factor impacting home values in the next several years. In Spring Hill 3.3 homes are foreclosed (per 10,000). This is lower than the Nashville Metro value of 4.7 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Spring Hill is 2.5%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Spring Hill homeowners underwater on their mortgage is 12.3%, which is lower than Nashville Metro at 12.4%.

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Relative ZHVI
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Spring Hill Market Overview

Data through Jul 31, 2014
  • $193,700 ZHVI
  • No data 1-yr forecast
  • $234,943 Median listing price
  • $200,250 Median sale price
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Spring Hill Market Health

Data through Jul 31, 2014
  • 8.2/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 12.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.3 homes Spring Hill
4.7 homes Nashville Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Franklin $354,300 College Grove $260,600 Thompsons Station $246,800
Eagleville $157,700 Culleoka $128,800 Chapel Hill $127,100
Santa Fe $119,500 Columbia $116,300 Lewisburg $95,900

Listings & Sales

Data through Jul 31, 2014
  • $108 Median list price / sq ft
  • $105 Median sale price / sq ft
  • 22.6% Listings with price cut
19.9%
Sold below listing
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Spring Hill Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,416 Spring Hill
$1,282 Nashville Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,550 Rent list price
  • $0.79 Rent list price / sq ft
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