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Why are so many Americans considering moving to Spring Hill, Florida? If you look closely, the answer quickly becomes apparent.
Known for its affordable cost of living, natural beauty, and family-friendly environment, Spring Hill, Florida, offers small-town charm with easy access to larger metropolitan areas—a perfect balance for many lifestyles.
If you’re considering moving to Spring Hill, this guide will provide you with everything you need to know, from what to expect when living in the area to how to secure a mortgage.
Start your application with MIDFLORIDA Credit Union.
What to know before moving to Spring Hill
Spring Hill, Florida, a charming community in Hernando County, is becoming a popular choice for those looking to relocate to Florida. Let's look at some of the most popular reasons.
Affordable cost of living
One of the main reasons people choose to move to Spring Hill is its affordability.
The cost of living in Spring Hill is lower than the national average, making it an attractive option for families, retirees, and young professionals.
Housing costs in Spring Hill, in particular, are significantly lower than in many other parts of Florida. The average price of a home is around $325,000, which is well below the Florida state average of $440,000, allowing residents to get more for their money.
Natural beauty and outdoor activities
Spring Hill is home to Weeki Wachee Springs State Park, famous for its crystal-clear springs and live mermaid shows. What other features does Spring Hill have to offer?
- Residents can enjoy kayaking, boating, and swimming in the spring-fed waters or explore the park’s hiking trails and wildlife.
- The nearby Gulf of Mexico offers beautiful beaches and excellent opportunities for fishing, boating, and water sports.
- Enjoy golf? Spring Hill has several well-maintained golf courses catering to golfers of all skill levels.
- It's also an ideal location for nature lovers or anyone who enjoys being outside, regardless of the season.
Family-friendly environment
Spring Hill is a family-friendly community with a strong sense of neighborliness.
The area is home to several highly rated schools, both public and private.
The community is also safe, with low crime rates compared to larger cities, providing local families peace of mind.
Proximity to larger cities
While Spring Hill offers a peaceful, small-town atmosphere, it’s conveniently located near larger metropolitan areas.
The city is about 50 miles north of Tampa—easy to commute to the city for work or enjoy the amenities of a larger urban area.
Tampa offers a variety of cultural attractions, shopping, dining, and entertainment options, providing a perfect balance for those who want to live in a quieter community but still have access to big-city conveniences.
Spring Hill is also close to other popular destinations, such as Clearwater Beach, St. Petersburg, and Orlando, all within a few hours' drive—enjoy weekend getaways exploring all that Central Florida has to offer.
Growing economy and job opportunities
Spring Hill’s economy is growing, with job opportunities in various sectors such as healthcare, retail, education, and construction.
Bayfront Health Spring Hill Hospital is the area's largest employer, providing the community with necessary medical services.
Additionally, the nearby cities of Tampa and St. Petersburg offer even more job opportunities in various industries, making Spring Hill a convenient location for those who work in these areas.
The ongoing development and investment in the area suggest that Spring Hill’s economy will continue to grow, offering more opportunities for residents in the future.
Real estate market trends in Spring Hill
Spring Hill’s real estate market is steadily growing, driven by its affordability and desirable location. Over the past few years, the demand for housing in Spring Hill has increased, leading to a rise in property values.
Despite this growth, Spring Hill remains more affordable than other parts of Florida, such as Miami, Fort Lauderdale, Pompano Beach (where the median home price is $539,000), or Jacksonville (averaging $423,000).
As development continues in Spring Hill, with new residential and commercial projects emerging, the real estate market will likely keep growing—offering a promising opportunity for long-term financial benefits through rising property values.
How to get a mortgage in Spring Hill, Florida
Securing a mortgage is essential if you plan to move to Spring Hill and purchase a home.
Here’s a straightforward guide on how to get a mortgage in Spring Hill.
Evaluate your financial situation
- Check your credit score: Review your credit score to understand your eligibility for different mortgage products.
- Calculate your debt-to-income ratio: Determine how much of your income goes toward paying debts, including potential mortgage payments.
- Determine your budget: Consider your financial situation and determine how much you can realistically afford to spend on a home.
Gather necessary documents
- Proof of income: Collect pay stubs, tax returns, and other documents proving your income.
- Bank statements: Gather your most recent bank statements—typically from the past six months—to demonstrate your financial stability.
- Identification: Ensure you have up-to-date identification, such as a driver’s license or passport.
- Existing debts: Provide information about your current debts—such as credit cards, student loans, or car loans.
Explore mortgage options
- Evaluate pros and cons: Assess the benefits and risks of each mortgage type to find the best fit for your financial goals.
- Fixed-Rate Mortgages: Consider this option if you prefer stable monthly payments.
- Adjustable-Rate Mortgages: Consider this option if you’re interested in potentially lower initial rates, but keep in mind that rates can fluctuate over time.
- Jumbo Loans: If you’re looking for luxury, you may need to consider a jumbo loan, which finances properties priced beyond conforming loan limits.
Get pre-approved
- Obtain a pre-approval letter: Get pre-approved to strengthen your position as a buyer, showing sellers that you are financially able to complete the purchase.
- Understand your budget: Use the pre-approval amount to refine your home search to properties within your price range.
Start your application with MIDFLORIDA
- Begin the application process: Once you're ready, start your mortgage application with MIDFLORIDA.
- Get guidance: Work with MIDFLORIDA’s experienced team, who will guide you through the process from application to closing.
- Find the right mortgage: Not every mortgage is right for every borrower. Explore mortgage products and choose one tailored to meet your needs and financial situation.
Moving to Spring Hill, Florida—MIDFLORIDA can help
With its low cost of living, access to outdoor activities, and proximity to larger cities, Spring Hill provides a balanced lifestyle that appeals to many residents.
If you’re considering moving to Spring Hill, use MIDFLORIDA’s convenient online application to take the first step toward homeownership.
