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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 9,242 people, 1,764 houses or apartments, and a median cost of homes of $376,489, 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 89.20% of the city's housing units. Other types of housing that are prevalent in Spring Hill include large apartment complexes or high rise apartments ( 6.11%), row houses and other attached homes ( 2.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.29%).
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 81.61% of Spring Hill's homes, and 79.92% 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. 43.86% 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 ( 31.04%), and before 1939 ( 14.08%). There's also some housing in Spring Hill built between 1940-1969 ( 11.02%).
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 102.61%, which ranks in the top 40% nationwide. This equates to an annual average Spring Hill house appreciation rate of 7.32%.
Over the last year, Spring Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Spring Hill's appreciation rate has been 5.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Spring Hill were at 2.29%, which equates to an annual appreciation rate of 9.46%.
Relative to Kansas, our data show that Spring Hill's latest annual appreciation rate is lower than 70% of the other cities and towns in Kansas.
$376,489
$1,630 / per month