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Real Estate Prices & Overview

Median real estate price in the Village Center of Spring Valley is $1,020,732, which is more expensive than 74.3% of the neighborhoods in New York and 90.5% of the neighborhoods in the U.S.

The average rental price in Spring Valley Village Center is currently $3,299, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.3% of New York neighborhoods.

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

Real estate in the Village Center of Spring Valley, NY is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Village Center neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Spring Valley Village Center are 3.9%, which is lower than one will find in 73.9% of American neighborhoods. Demand for real estate in Spring Valley Village Center 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.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Spring Valley, the Village Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

In the Spring Valley Village Center neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 27.5% of commuters carpool here, which is more than in 98.2% of all U.S. neighborhoods.

Also, in the Spring Valley Village Center neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 14.0% of residents here. This is a higher proportion of walking commuters than we found in 96.8% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Finally, more people ride the bus in this neighborhood each day to get to work than 96.0% of U.S. neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Spring Valley Village Center neighborhood buck this trend. 23.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.1% of U.S. neighborhoods.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The Spring Valley Village Center neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 34.7% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 96.0% of America's neighborhoods.

Diversity

Did you know that the Spring Valley Village Center neighborhood has more Hungarian and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 11.1% of this neighborhood's residents have Hungarian ancestry and 23.2% have Haitian ancestry.

Spring Valley Village Center is also pretty special linguistically. Significantly, 22.6% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. What is interesting to note, is that the Spring Valley Village Center neighborhood has a greater percentage of residents born in another country (53.8%) than are found in 98.4% 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 Village Center 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 75.5% of U.S. neighborhoods. With 43.7% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 91.2% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Spring Valley Village Center neighborhood, 35.2% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 26.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.0%), and 15.7% 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 Village Center neighborhood is Spanish, spoken by 42.4% of households. Other important languages spoken here include French, English and German/Yiddish.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Village Center neighborhood in Spring Valley, NY, residents most commonly identify their ethnicity or ancestry as Haitian (23.2%). There are also a number of people of South American ancestry (15.1%), and residents who report Hungarian roots (11.1%), and some of the residents are also of Puerto Rican ancestry (2.9%), along with some Arab ancestry residents (1.7%), among others. In addition, 53.8% 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 Village Center neighborhood spend between 15 and 30 minutes commuting one-way to work (59.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (43.6%) 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 (27.5%) and 14.0% of residents also hop out the door and walk to work 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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