Is Spring Hill, FL a good place to live?
Data as of October 2, 2026. Figures are aggregates from licensed MLS records, IRS migration files, Zillow indexes, Census income and population, and Citizens Property Insurance; sources are named where they appear.
The short answer, by the numbers
Spring Hill homes sold for a median of $299,900 over the last 12 months, -0.8% year over year. Homes take about 41 days to sell and the city holds 3.4 months of supply, which reads as a seller’s market. Owning the median home runs about $1,917 a month with taxes and insurance, against a median household income near $63,193 (31.0% of income). Prices sit at 4.9 times local income, a stretch by the usual four-times-income yardstick.
What it costs to live in Spring Hill
| Median sale price (12 months) | $299,900 |
| Price per square foot | $190/sq ft |
| Typical monthly cost to own the median home | $1,917 (principal, interest, taxes, insurance) |
| Median household income | $63,193 |
| Price-to-income ratio | 4.9x |
| Share of income to own the median home | 31.0% |
| Median property tax bill | $1,732/yr |
| Typical rent (county, Zillow ZORI) | $1,839/mo |
| Citizens Property Insurance average premium (county) | $1,699/yr |
The cost-to-own figure is principal and interest at today’s prevailing 30-year rate with a 20% down payment, plus the county’s median tax bill and a typical insurance premium. Your own number moves with the rate you lock and the home’s flood zone and roof.
How Spring Hill home prices have moved
Appreciation has run -2.0% over the last year, +4.3% a year over five years, +8.5% a year over ten. The median went from $144,374 in 2017 to $299,900 over the last 12 months, +108% in 9 years.
| Year | Median sale | Closings | Days on market | $/sq ft |
|---|---|---|---|---|
| 2017 | $144,374 | 2,036 | 40 | $82 |
| 2018 | $158,974 | 321 | 33 | $93 |
| 2019 | $173,856 | 468 | 53 | $100 |
| 2020 | $126,153 | 13 | 90 | $102 |
| 2021 | $254,638 | 941 | 4 | $153 |
| 2022 | $292,530 | 4,737 | 6 | $176 |
| 2023 | $318,581 | 1,844 | 17 | $188 |
| 2024 | $321,263 | 3,916 | 24 | $191 |
| 2025 | $317,615 | 4,128 | 36 | $187 |
| 2026 | $316,493 | 4,127 | 41 | $184 |
The Spring Hill market right now
| Homes for sale | 200 |
| Under contract | 76 |
| Sold in the last 12 months | 788 |
| Months of supply | 3.4 |
| Sale-to-list price | 96% |
| Listings with a price cut | 31.4% |
| Cash purchases (latest year) | 39% |
| New-construction share of sales | 15% |
What sells here: Single Family Residence 89%, Villa 9%, ? 1%.
By price band, where the supply and the waiting are:
| Price band | For sale | Sold, 12 mo | Months of supply | Days on market |
|---|---|---|---|---|
| Under $300K | 104 | 357 | 3.5 | 52 |
| $300K–$500K | 92 | 391 | 2.8 | 65 |
| $500K–$750K | 4 | 40 | 1.2 | 52 |
Weather, flood and insurance exposure
Insurance is the line item that surprises people. Citizens, the state-backed insurer of last resort, averages $1,699 a year in Hernando County across 4,534 policies. Roof age, wind-mitigation features and flood zone move a quote more than anything else, so price insurance before you write an offer, not after.
Who is moving to Spring Hill
IRS county-to-county returns for Hernando County show 15,413 people moving in and 10,587 moving out in the latest filing year, a net of +4,826. Out-of-state arrivals came mostly from NY, CA, NJ, IL. Households arriving reported an average adjusted gross income of $61,429 against $50,029 for those leaving. Hernando County’s population grew from 182,696 in 2018 to 201,512 (+10%), and median household income rose +37% over the same stretch.
The trade-offs, by the numbers
What the numbers argue for: five-year appreciation of +4.3% a year; 3.4 months of supply (a seller's market); Citizens average premium $1,699 a year; net migration +4,826 people a year into the county; median property tax bill $1,732 a year.
What the numbers argue against: price-to-income of 4.9x (above the four-times rule); 31.0% of median income to own the median home (over the 28% guideline); prices -0.8% over the last year, which favors buyers on price and hurts recent sellers.
None of this describes the people who live here; it describes what it costs to buy in, what you carry each month, and how the market has treated owners. Neighborhood fit is a visit, not a statistic.
Keep researching Spring Hill
- Homes for sale in Spring Hill, FL
- Best neighborhoods in Spring Hill
- Moving to Spring Hill: the guide
- Cost of living in Spring Hill
- Spring Hill housing market tracker
- Hernando County property tax guide
- How to find the best real estate agent in Spring Hill
Common questions
Is Spring Hill expensive to live in?
Is it a buyer’s or seller’s market in Spring Hill right now?
Are home values in Spring Hill going up?
How bad is hurricane and insurance risk in Spring Hill?
What are property taxes like in Spring Hill?
Where do people moving to Spring Hill come from?
Market figures are aggregates as of October 2, 2026 and change over time; no individual sale is shown. General information, not legal, tax or financial advice. Equal Housing Opportunity.