Spring Valley, NY—10977
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Valley, NY
As of Oct '25, the median home price in Spring Valley, NY is $859,000, with a year-over-year change of 3.0%. This indicates that home prices in Spring Valley, NY are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $859,000 | 3.0% |
| Single Family | $877,000 | 2.7% |
| Condos | $345,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $500,000 | 5.7% |
3 Bed | $765,000 | 3.8% |
4 Bed | $898,000 | 2.9% |
| 5 Bed | $1,086,000 | 2.5% |
% of Housing Stock
Rental Trends — Spring Valley, NY
As of July '25, Rentcast reports the average rent in Spring Valley, NY is $3,750, with a year-over-year rent change of 13.6%. Per bedroom, the median rent as of July '25 in Spring Valley, NY is 1-bedrooms: $1,840, 2-bedrooms: $2,500, 3-bedrooms: $3,540, 4-bedrooms: $4,390. The most common rental property sizes in Spring Valley, NY are 2-bedroom and 1-bedroom, accounting for 31.4% and 19.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,700 | $3,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,840 |
| 2 Bed Rent | $2,500 | $2,500 |
| 3 Bed Rent | $3,000 | $3,540 |
| 4 Bed Rent | $4,500 | $4,390 |
% of Rental Stock
Property Listings — Spring Valley, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Valley, NY is 66. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $986,000 | 3.0% |
Listing Count | 151 | 112.0% |
| Listings as % of Homes | 0.2% | 112.0% |
Days on Market | 66 | 3.0% |
Demographics — Spring Valley, NY
As of the latest ACS Survey released in 2023, Spring Valley, NY has a population of 71,500, which has increased by 10.1% over the past 5 years. Spring Valley, NY is a popular place for families, as children make up 41.0% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 71,500 | 10.1% |
% Under 18 | 41.0% | 9.6% |
% Seniors | 8.6% | -3.4% |
% WFH | 8.3% | 102.4% |
% w/ College Degree | 23.1% | 0.0% |
As of the latest ACS Survey released in 2023, Spring Valley, NY is a predominantly white area, with 54.7% of the population identifying as white. The white population has grown by 12.1% in the last 5 years. The second most common race or ethnicity in Spring Valley, NY is hispanic, making up 23.4% of the population. Foreign-born residents account for 27.2% of the population in Spring Valley, NY, and this percentage has decreased by 4.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.7% | 12.1% |
% Black | 16.8% | -37.5% |
% Hispanic | 23.4% | 9.9% |
% Asian | 2.6% | -7.1% |
% Foreign Born | 27.2% | -4.9% |
Mortgage and Risk — Spring Valley, NY
According to HUD data as of 2023, there were 537 mortgage originations in Spring Valley, NY, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Spring Valley, NY. Investor activity is low, as 7.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 537 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Spring Valley, NY
As of 2024, the percent of homes in Spring Valley, NY under the Section 8 program is 26.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Spring Valley, NY, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,516 |
Total Units Section 8 | 2,339 |
% Rentals under Section 8 | 26.2% |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $1,800 | $2,210 |
| 2 Bedroom | -$20 | $2,500 | $2,480 |
| 3 Bedroom | $100 | $3,000 | $3,100 |
| 4 Bedroom | -$1,170 | $4,500 | $3,330 |
Affordability — Spring Valley, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.9 |
| Median Home Price | $859,000 |
| Median Household Income | $77,700 |