Spring Valley, MN—55975
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Valley, MN
As of Oct '25, the median home price in Spring Valley, MN is $267,000, with a year-over-year change of 0.5%. This indicates that home prices in Spring Valley, MN are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $267,000 | 0.5% |
| Single Family | $267,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $203,000 | 0.5% |
3 Bed | $253,000 | 1.2% |
4 Bed | $301,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spring Valley, MN
As of July '25, Rentcast reports the average rent in Spring Valley, MN is $1,070, with a year-over-year rent change of 11.9%. Per bedroom, the median rent as of July '25 in Spring Valley, MN is 1-bedrooms: $749, 3-bedrooms: $1,700. The most common rental property sizes in Spring Valley, MN are 2-bedroom and 3-bedroom, accounting for 39.0% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $798 | $1,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $749 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spring Valley, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Valley, MN is 35. This is a decrease of -16.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 55.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $252,000 | -25.0% |
Listing Count | 11 | -12.0% |
| Listings as % of Homes | 0.4% | -12.0% |
Days on Market | 35 | -16.0% |
Demographics — Spring Valley, MN
As of the latest ACS Survey released in 2023, Spring Valley, MN has a population of 4,600, which has increased by 9.9% over the past 5 years. Spring Valley, MN is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 17.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,600 | 9.9% |
% Under 18 | 25.0% | 7.3% |
% Seniors | 18.9% | -5.0% |
% WFH | 10.6% | 55.9% |
% w/ College Degree | 17.3% | 12.3% |
As of the latest ACS Survey released in 2023, Spring Valley, MN is a predominantly white area, with 92.0% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Spring Valley, MN is hispanic, making up 2.8% of the population. Foreign-born residents account for 1.6% of the population in Spring Valley, MN, and this percentage has increased by 14.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.0% | -3.9% |
% Black | 1.5% | 1,400.0% |
% Hispanic | 2.8% | 833.3% |
% Asian | 0.7% | -53.3% |
% Foreign Born | 1.6% | 14.3% |
Mortgage and Risk — Spring Valley, MN
According to HUD data as of 2023, there were 63 mortgage originations in Spring Valley, MN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Spring Valley, MN. Investor activity is low, as 2.0% 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 | 63 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Spring Valley, MN
Spring Valley, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 43 |
Total Units Section 8 | 43 |
% Rentals under Section 8 | 14.0% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $700 | $850 |
| 2 Bedroom | N/A | N/A | $1,120 |
| 3 Bedroom | -$140 | $1,700 | $1,560 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Spring Valley, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $267,000 |
| Median Household Income | $83,200 |