Total monthly cost of ownership
Cost to Own a Home in Spring Hill, Tennessee
A $452,000 home here costs
$3,479per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $149,000 a year.
A standard mortgage calculator would have told you $2,504. The real number is $975 higher every month, 39% more than the payment most buyers budget for.
Compare Williamson County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Spring Hill against Williamson County and Tennessee
| Measure | Spring Hill | Williamson County |
|---|---|---|
| Median home value | $452,400 | $673,700 |
| Median property tax | $2,190 | $2,891 |
| Effective tax rate | 0.484% | 0.429% |
| Median gross rent | $1,738 | $1,895 |
| Population | 53,585 | 254,609 |
Spring Hill extends across 2 counties. Figures here use Williamson County, where most of its housing sits.
The weather behind that power bill
Spring Hill sits in Williamson County, which averages a high of 90.8°F in its hottest month and a low of 28.6°F in its coldest, with 53.79" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,686 cooling and 3,601 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Williamson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Williamson County
Full Williamson County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Spring Hill averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Spring Hill every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Spring Hill I already own here and may sell
Common questions
How much does it cost to own a home in Spring Hill?
A $452,000 home in Spring Hill, Tennessee costs approximately $3,479 per month with 20% down at 7.4%. That is $2,504 principal and interest, $182 property tax, $190 homeowners insurance, $226 utilities and $377 set aside for maintenance.
What is the property tax rate in Spring Hill?
Spring Hill has an effective property tax rate of 0.484%, based on a median home value of $452,400 and median real estate taxes of $2,190. That is higher than the Williamson County average of 0.429%.
What is the average home price in Spring Hill?
The median owner-occupied home value in Spring Hill, Tennessee is $452,400, against $673,700 across Williamson County.
Is it cheaper to rent or buy in Spring Hill?
Median gross rent in Spring Hill is $1,738 a month, against $3,479 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Spring Hill?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Spring Hill, Tennessee at today's rate takes a household income of roughly $149,000 a year. That covers the full $3,479 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Spring Hill, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Tennessee.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.