Spring, Texas Housing Market Prices
Spring Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 10% below the Texas median$231,822
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Median rent 22% above the Texas median$1,707
Housing Market Overview
| Metric | Spring | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $231,822 | $258,873 | $248,835 |
| Price Trend (Annual %) | 103.2% | 9.2% | 7.5% |
| Median Gross Rent | $1,707 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Spring is about 10% lower than in Texas. Rent is about 22% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Spring, up about 103.2% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Spring rose about 38.8% between 2015 and 2024, from $1,230 to $1,707. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Spring.
Buying the median-priced home in Spring costs roughly 11.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Spring. The price-to-rent ratio in Texas is about 15.4.
| Metric | Spring | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $231,822 | $258,873 | $248,835 |
| Median Household Income | $88,119 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Spring rose about 171.5%, while median household income rose about 25.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Spring | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.9% | 56.7% | 58.5% |
| Rental Rate | 25.8% | 33.9% | 31.2% |
| Vacancy Rate | 5.3% | 9.4% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Spring has a homeownership rate of 68.9%, higher than the Texas average of 56.7%. Its housing vacancy rate is 5.3%, compared with 9.4% in Texas.
Housing Stock
| Metric | Spring | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.04 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1994 | 1990 | 1978 |
| Median Number of Rooms | 6.1 | 5.4 | 5.5 |
The typical housing unit in Spring was built around 1994. On average, 3.0 people live in a home with about 6.1 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Spring, Texas.
What is the median home price in Spring, Texas?
The median home price in Spring, Texas is $231,822, lower than the Texas average of $258,873.
What is the average home price in Spring, Texas?
The typical home price in Spring, Texas, reported as the median sale price, is $231,822. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Spring, Texas?
The median gross rent in Spring, Texas is $1,707 per month, higher than the Texas average of $1,402.
What was the median gross rent in Spring in 2020?
In 2020, the median gross rent in Spring, Texas was $1,415 per month.
What is the price-to-rent ratio in Spring, Texas?
The price-to-rent ratio in Spring, Texas is about 11.3, meaning it would take roughly 11.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Spring.
Are home prices or rent rising faster in Spring, Texas?
Both home prices and rent are rising in Spring, up about 103.2% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Spring, Texas?
68.9% of households in Spring, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Spring, Texas?
The housing vacancy rate in Spring, Texas is 5.3%, lower than the Texas average of 9.4%.
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