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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Spring Valley, NY Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Spring Valley, NY Housing Market Trends

With 32,884 people, 9,527 houses or apartments, and a median cost of homes of $799,504, Spring Valley house prices are not only among the most expensive in New York, Spring Valley real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Spring Valley, accounting for 59.45% 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 ( 19.89%), single-family detached homes ( 13.91%), and a few row houses and other attached homes ( 6.76%). 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. 74.71% 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 39.97% of the village's housing hails from this era. Other housing ages represented in Spring Valley include homes built between 1970-1999 ( 36.62%) and housing constructed between 2000 and later ( 14.84%). There's also some housing in Spring Valley built before 1939 ( 8.57%).

Spring Valley Home Appreciation Rates

In the last 10 years, Spring Valley has experienced some of the highest home appreciation rates of any community in the nation. Spring Valley real estate appreciated 125.57% over the last ten years, which is an average annual home appreciation rate of 8.47%, putting Spring Valley in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Spring Valley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 13.80%, which is higher than appreciation rates in 96.46% 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 2.82%, which equates to an annual appreciation rate of 11.77%.

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

$799,504

Spring Valley, NY Home Prices
> $1,678,000
$1,258,001 - $1,678,000
$839,001 - $1,258,000
$671,001 - $839,000
$503,001 - $671,000
$336,001 - $503,000
$168,001 - $336,000
$84,001 - $168,000
$0 - $84,000
11.6%
11.6%
14.6%
14.6%
16.1%
16.1%
6.6%
6.6%
8.0%
8.0%
13.9%
13.9%
8.5%
8.5%
16.4%
16.4%
4.4%
4.4%
0% 100.0%
% of Homes
Very High

for New york

Very High

for nation

Number of Homes And Apartments:

9,527

Spring Valley Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,165 / per month

Homeownership Rate

Owners
Renters
25.3%
25.3%
74.7%
74.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.3%
6.3%
93.7%
93.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.8%
14.8%
36.6%
36.6%
40.0%
40.0%
8.6%
8.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
13.9%
13.9%
6.8%
6.8%
19.9%
19.9%
59.4%
59.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.3%
4.3%
31.9%
31.9%
31.9%
31.9%
16.9%
16.9%
8.3%
8.3%
6.7%
6.7%
0% 100.0%
% of Homes