Investment metrics, interactive calculators, and data-driven analysis for Spring Hill rental properties.
Pre-filled with Spring Hill medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Spring Hill.
Spring Hill, TN has a population of 68,000 and has been growing at 4.5% annually — well above the national average, signaling strong housing demand from population inflows. The median home price of $395,000 paired with median rents of $1,720/mo produces an estimated cap rate of 3.65%.
Property taxes at 0.54% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 4.5% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.
At a price-to-income ratio of 4.8x, homes cost about 4.8 times the local median income of $82,400. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 3.6% annually. Above-average appreciation adds an equity component to total returns, though deals should still pencil on cash flow alone.
Bottom line: At current median prices, Spring Hill is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.