Spring Valley, New York Housing Market Prices
Spring Valley Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 32% above the New York median$625,000
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Median rent 6% above the New York median$1,716
Housing Market Overview
| Metric | Spring Valley | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $471,885 | $248,835 |
| Price Trend (Annual %) | 182.6% | 7.1% | 7.5% |
| Median Gross Rent | $1,716 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Spring Valley is about 32% higher than in New York. Rent is about 6% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Spring Valley, up about 182.6% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Spring Valley rose about 40.9% between 2015 and 2024, from $1,218 to $1,716. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 10.3 yearly household incomes in Spring Valley.
Buying the median-priced home in Spring Valley costs roughly 30.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Spring Valley. The price-to-rent ratio in New York is about 24.3.
| Metric | Spring Valley | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $471,885 | $248,835 |
| Median Household Income | $60,448 | $86,556 | $80,455 |
| Price-to-Income Ratio | 10.3 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Spring Valley rose about 265.0%, while median household income rose about 11.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Spring Valley | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 25.4% | 48.8% | 58.5% |
| Rental Rate | 70.6% | 41.1% | 31.2% |
| Vacancy Rate | 4.0% | 10.1% | 10.2% |
| Median Tenure (years) | 12.0 | 17.0 | 15.0 |
| Median Year Moved In | 2014 | 2009 | 2011 |
Spring Valley has a homeownership rate of 25.4%, lower than the New York average of 48.8%. Its housing vacancy rate is 4.0%, compared with 10.1% in New York.
Housing Stock
| Metric | Spring Valley | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.62 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1977 | 1960 | 1978 |
| Median Number of Rooms | 4.2 | 5.0 | 5.5 |
The typical housing unit in Spring Valley was built around 1977. On average, 3.6 people live in a home with about 4.2 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Spring Valley, New York.
What is the median home price in Spring Valley, New York?
The median home price in Spring Valley, New York is $625,000, higher than the New York average of $471,885.
What is the average home price in Spring Valley, New York?
The typical home price in Spring Valley, New York, reported as the median sale price, is $625,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Spring Valley, New York?
The median gross rent in Spring Valley, New York is $1,716 per month, higher than the New York average of $1,621.
What was the median gross rent in Spring Valley in 2020?
In 2020, the median gross rent in Spring Valley, New York was $1,382 per month.
What is the price-to-rent ratio in Spring Valley, New York?
The price-to-rent ratio in Spring Valley, New York is about 30.4, meaning it would take roughly 30.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Spring Valley.
Are home prices or rent rising faster in Spring Valley, New York?
Both home prices and rent are rising in Spring Valley, up about 182.6% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Spring Valley, New York?
25.4% of households in Spring Valley, New York own their home, lower than the New York average of 48.8%.
What is the vacancy rate in Spring Valley, New York?
The housing vacancy rate in Spring Valley, New York is 4.0%, lower than the New York average of 10.1%.
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