Mortgage Rates in Spring Hill, Florida — March 2026
Updated March 2026 | Based on Spring Hill market data and regional lending conditions
Spring Hill is a growing city in Florida with a population of 113,742. The current 30-year fixed mortgage rate in Spring Hill is 6.73%, which is 0.08% above the national average. With a median home price of $488,000 and a 20% down payment of $97,600, homebuyers can expect a monthly principal and interest payment of approximately $2,527.
Current Mortgage Rates in Spring Hill, FL
Below are the current average mortgage rates available in the Spring Hill area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.73% | 6.65% | +0.08% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.24% | 6.15% | +0.09% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.98% | 6.85% | +0.13% |
Spring Hill Housing Market Overview
The Spring Hill housing market reflects moderate demand with prices near the national average. The median household income in Spring Hill is $66,500, and the cost of living index is 109.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $123,814 to comfortably afford the median-priced home in Spring Hill, which exceeds the current median household income.
Monthly Payment Breakdown for Spring Hill
Based on the median home price of $488,000 with 20% down ($97,600), here is what you can expect to pay monthly in Spring Hill:
15-Year vs. 30-Year Mortgage in Spring Hill
Choosing a 15-year mortgage in Spring Hill at 5.97% instead of a 30-year at 6.73% would save you $317,880 in total interest over the life of the loan. However, your monthly payment would be $3,288 instead of $2,527 — an increase of $761 per month.
Calculate Your Spring Hill Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Spring Hill
What are the current mortgage rates in Spring Hill, FL?
As of March 2026, the average 30-year fixed mortgage rate in Spring Hill, Florida is 6.73%, while the 15-year fixed rate is 5.97%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.08% above the national average of 6.65%.
How much is a monthly mortgage payment in Spring Hill?
Based on the median home price of $488,000 with 20% down, the estimated monthly mortgage payment in Spring Hill is $2,527 for principal and interest. Including property taxes of $362/month, the total monthly housing cost is approximately $2,889.
What income do I need to buy a home in Spring Hill?
Using the 28% rule, you would need an annual income of approximately $123,814 to afford the median-priced home in Spring Hill at $488,000. The median household income in Spring Hill is $66,500. This means most households would need to either earn above the median or consider homes below $488,000.
Is Spring Hill a good place to buy a home in 2026?
Spring Hill has a moderate cost of living with a cost of living index of 109.6 (national average = 100). The property tax rate in Florida is 0.89%, which is near the national average. Spring Hill has a population of 113,742 and offers a balanced lifestyle.
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Spring Hill, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.