Quick facts: Springhill, LA

Quick Facts

98.7
Cost of Living
below US average
4,575
Population
8.31
Crime Rate per 1000
below US average
$27,868
Median Income
below US average
$60,000
Median House Price
above US average
$1150.0
Average Rent
below US average
20%
Poverty Rate
above US average
5.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $27,868.

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Income Needed to Buy

βœ“ Affordable
$19k/year
Based on $60,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($27,868) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$49k/year
Based on $1150.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $49k vs median $27,868
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Springhill, LA

Springhill is a small city located in Webster Parish in northern Louisiana. Nestled within a lush, rural landscape, it serves as a charming community with a rich history and vibrant local culture. The city is characterized by its friendly atmosphere and tight-knit community feel, making it an inviting place for residents and visitors alike. Founded in the late 19th century, Springhill has a historical background tied to agriculture and the timber industry. The city offers various recreational activities, including parks and outdoor spaces that appeal to families and individuals seeking leisure time in nature. Springhill hosts several annual events and festivities that showcase local traditions and bring the community together. Residents can enjoy a laid-back lifestyle while benefiting from nearby amenities in the larger surrounding areas. The city’s proximity to Shreveport makes it a convenient location for those wanting access to urban services while still enjoying the charm of a small town. Overall, Springhill is a picturesque representation of Southern living, blending history, community, and nature.

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