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Real Estate Prices & Overview

Spring Valley Northwest median real estate price is $684,519, which is more expensive than 57.3% of the neighborhoods in New York and 76.6% of the neighborhoods in the U.S.

The average rental price in Spring Valley Northwest is currently $3,383, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.2% of the neighborhoods in New York.

Spring Valley Northwest is a densely urban neighborhood (based on population density) located in Spring Valley, New York.

Spring Valley Northwest real estate is primarily made up of small (studio to two bedroom) to large (four, five or more bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Spring Valley Northwest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Spring Valley Northwest has a 11.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

In the Spring Valley Northwest neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 31.7% of commuters carpool here, which is more than in 99.1% of all U.S. neighborhoods.

Also, our research revealed that more commuters here take the bus to work (10.9% ride the bus) than 95.3% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Real Estate

If you like crowded places, then you will probably enjoy the the Spring Valley Northwest neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.0% of neighborhoods in the U.S., with 20,727 people per square mile living here.

Diversity

Did you know that the Spring Valley Northwest neighborhood has more Hungarian and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 13.2% of this neighborhood's residents have Hungarian ancestry and 6.2% have Romanian ancestry.

Spring Valley Northwest is also pretty special linguistically. Significantly, 51.1% of its residents five years old and above primarily speak German/Yiddish at home. This is a higher percentage than 99.9% of all U.S. neighborhoods.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Spring Valley Northwest neighborhood in Spring Valley are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 70.4% of U.S. neighborhoods. With 49.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 93.8% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Spring Valley Northwest neighborhood, 54.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 18.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.5%), and 12.0% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Spring Valley Northwest neighborhood is German/Yiddish, spoken by 51.1% of households. Other important languages spoken here include English and French.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Spring Valley Northwest neighborhood in Spring Valley, NY, residents most commonly identify their ethnicity or ancestry as Polish (13.9%). There are also a number of people of Hungarian ancestry (13.2%), and residents who report Romanian roots (6.2%), and some of the residents are also of Puerto Rican ancestry (4.4%), along with some Eastern European ancestry residents (3.3%), among others. In addition, 14.6% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Spring Valley Northwest neighborhood spend under 15 minutes commuting one-way to work (41.5% of working residents), one of the shortest commutes across America.

Here most residents (45.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (31.7%) and 10.9% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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