
Home Price Key
These days, finding an affordable place to live in the Springhill area can be challenging. Home prices in Springhill are now at a median cost of $269,800, higher than the Missouri average of $194,908.
The average cost of rent is $535/mo in Springhill, primarily driven by the current value of real estate in the Springhill area. While nearly 48.33% of residents own their homes outright in Springhill, 24.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in Springhill is $5,580 per month. Households that rent pay about 9.59% of their income on rent here. Springhill's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
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