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Jackson vs Spring Hill for Rental Property Investing

Side-by-side comparison of Jackson, TN and Spring Hill, TN — cap rates, rent, prices, and investment metrics.

Spring Hill wins 4–3 across key metrics
Jackson leads on cash flow (5.19% vs 3.65% cap rate) · Spring Hill leads on population growth
Metric
Jackson, TN
Spring Hill, TN
Est. Cap Rate
5.19%
3.65%
Median Home Price
$185,000
$395,000
Median Monthly Rent
$1,080
$1,720
1% Rule
0.58%
0.44%
GRM
14.3x
19.1x
Price / Income
4.2x
4.8x
Property Tax Rate
0.56%
0.54%
Vacancy Rate
6.5%
4.5%
Population Growth
0.4% / yr
4.5% / yr
Annual Appreciation
2.2%
3.6%
Population
68,000
68,000
Median Income
$44,200
$82,400

Jackson vs Spring Hill: Which Is Better for Investors?

Cash flow: Jackson has the edge with an estimated cap rate of 5.19% compared to Spring Hill's 3.65%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $185,000 in Jackson vs $395,000 in Spring Hill, while rents come in at $1,080/mo and $1,720/mo respectively.

Growth & appreciation: Spring Hill is growing faster at 4.5% annually vs Jackson's 0.4%. Spring Hill leads on home value appreciation at 3.6% per year. Strong population growth typically translates to sustained rental demand and long-term price support.

Costs & risk: Property taxes are 0.56% in Jackson vs 0.54% in Spring Hill. Vacancy rates of 6.5% and 4.5% are mixed — Spring Hill has the tighter rental market.

Bottom line: Spring Hill edges out Jackson on most key metrics. While cap rates are moderate at 3.65%, Spring Hill's overall profile is stronger. Use our free calculators to model specific deals in Jackson or Spring Hill.

Jackson, TN
5.19% cap rate · $185,000 median · $1,080/mo
Full analysis →
Spring Hill, TN
3.65% cap rate · $395,000 median · $1,720/mo
Full analysis →
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