Spring Valley median real estate price is $202,580, which is more expensive than 55.3% of the neighborhoods in Ohio and 28.4% of the neighborhoods in the U.S.
The average rental price in Spring Valley is currently $1,422, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.4% of Ohio neighborhoods.
Spring Valley is a suburban neighborhood (based on population density) located in Elyria, Ohio.
Spring Valley real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Spring Valley neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.
Real estate vacancies in Spring Valley are 3.7%, which is lower than one will find in 76.7% of American neighborhoods. Demand for real estate in Spring Valley is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Owner-occupied real estate dominates the Spring Valley neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 97.8% of neighborhoods in America.
In addition, the Spring Valley neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 98.0% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 96.0% of all neighborhoods in America.
Did you know that the Spring Valley neighborhood has more Hungarian and Czechoslovakian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.2% of this neighborhood's residents have Hungarian ancestry and 1.9% have Czechoslovakian ancestry.
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 neighborhood in Elyria are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 51.9% of the neighborhoods in America. With 17.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.1% 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 neighborhood, 38.3% 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 28.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (23.7%), and 10.1% in clerical, assistant, and tech support occupations.
The most common language spoken in the Spring Valley neighborhood is English, spoken by 95.1% of households. Some people also speak Italian (4.5%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Spring Valley neighborhood in Elyria, OH, residents most commonly identify their ethnicity or ancestry as German (33.1%). There are also a number of people of English ancestry (17.8%), and residents who report Irish roots (16.8%), and some of the residents are also of Polish ancestry (9.6%), along with some Hungarian ancestry residents (7.2%), among others.
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 neighborhood spend under 15 minutes commuting one-way to work (40.1% of working residents), one of the shortest commutes across America.
Here most residents (88.5%) 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 (8.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.