Spring Valley, NY


Highest Appreciating Spring Valley Neighborhoods Since 2000

Spring Valley, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Spring Valley Housing Market Information

With a population of 32,598, 8,630 total housing units (homes and apartments), and a median house value of $309,239, Spring Valley real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Spring Valley, accounting for 54.37% of the village's housing units. Other types of housing that are prevalent in Spring Valley include duplexes, homes converted to apartments or other small apartment buildings ( 21.16%), single-family detached homes ( 16.96%), and a few row houses and other attached homes ( 7.16%). Villages that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of villages are often walkable and compact, and often have a lively downtown.

Spring Valley is dominated by renter-occupied one, two, or no bedrooms apartments. 69.12% of Spring Valley's dwellings are rentals.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Spring Valley's housing was primarily built during this period, from the '40s through the '60s. A full 41.53% of the village's housing hails from this era. Other housing ages represented in Spring Valley include homes built between 1970-1999 ( 40.21%) and housing constructed before 1939 ( 9.61%). There's also some housing in Spring Valley built between 2000 and later ( 8.65%).

Vacant housing appears to be an issue in Spring Valley. Fully 11.29% of the housing stock is classified as vacant. Left unchecked, vacant Spring Valley homes and apartments can be a drag on the real estate market, holding Spring Valley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Spring Valley Home Appreciation Rates

Real estate appreciation rates in Spring Valley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.14% during the period.

Appreciation rates are so strong in Spring Valley that despite a nationwide downturn in the housing market, Spring Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Spring Valley appreciation rates continue to be some of the highest in America, at 7.33%, which is higher than appreciation rates in 83.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Spring Valley. Spring Valley appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New York, our data show that Spring Valley's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Spring Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Spring Valley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Spring Valley real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Spring Valley, NY HOME PRICES

Value Range
> $1,232,000 1.4
$924,001 - $1,232,000 0.1
$616,001 - $924,000 10.6
$493,001 - $616,000 9.6
$370,001 - $493,000 23.9
$246,001 - $370,000 21.6
$123,001 - $246,000 19.5
$61,001 - $123,000 9.9
$0 - $61,000 3.5

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
15.5103714988867 31.7620650953984

Number Of Homes And Apartments:

Spring Valley Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
80.62% 3.49% 9 9
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,771 / per month

Homeownership Rate

Owners 30.88
Renters 69.12
Vacant 11.29

Housing Market Details


Age of Homes

AGE OF Spring Valley HOMES
2000 or Newer 8.6
1970 - 1999 40.2
1940 - 1969 41.5
1939 or Older 9.6

Types of Homes

TYPE OF Spring Valley HOMES
Single-Family 17.0
Townhomes 7.2
Small Apt. Buildings 21.2
Apt. Complexes 54.4
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Spring Valley HOMES
No Bedroom 2.86
1 Bedroom 32.59
2 Bedrooms 32.20
3 Bedrooms 18.84
4 Bedrooms 8.08
5 or more bedrooms 5.44