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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 32,884, 9,527 total housing units (homes and apartments), and a median house value 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%).
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.
$799,504
for New york
for nation
9,527
$3,165 / per month