Spring Valley, IL—61362
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Spring Valley, IL
Home Price Trends — Spring Valley, IL
Spring Valley, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $138,000 | 1.4% |
| Single Family | $138,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $101,000 | 8.6% |
3 Bed | $162,000 | 6.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Spring Valley, IL
As of July '25, Rentcast reports the average rent in Spring Valley, IL is $998, with a year-over-year rent change of 16.2%. Per bedroom, the median rent as of July '25 in Spring Valley, IL is 2-bedrooms: $998. The most common rental property sizes in Spring Valley, IL are 1-bedroom and 2-bedroom, accounting for 36.8% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $998 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $998 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Spring Valley, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Valley, IL is 44. This is a decrease of -17.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $161,000 | 30.0% |
Listing Count | 18 | 62.0% |
| Listings as % of Homes | 0.4% | 62.0% |
Days on Market | 44 | -17.0% |
Demographics — Spring Valley, IL
As of the latest ACS Survey released in 2023, Spring Valley, IL has a population of 5,770, which has increased by 3.4% over the past 5 years. Spring Valley, IL is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,770 | 3.4% |
% Under 18 | 20.8% | -8.0% |
% Seniors | 23.1% | 19.1% |
% WFH | 2.9% | -6.5% |
% w/ College Degree | 20.1% | 24.1% |
As of the latest ACS Survey released in 2023, Spring Valley, IL is a predominantly white area, with 76.2% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Spring Valley, IL is hispanic, making up 19.8% of the population. Foreign-born residents account for 5.6% of the population in Spring Valley, IL, and this percentage has decreased by 13.8% 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 | 76.2% | -1.3% |
% Black | 1.0% | -68.8% |
% Hispanic | 19.8% | 28.6% |
% Asian | 0.7% | -50.0% |
% Foreign Born | 5.6% | -13.8% |
Mortgage and Risk — Spring Valley, IL
According to HUD data as of 2023, there were 85 mortgage originations in Spring Valley, IL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Spring Valley, IL. Investor activity is low, as 8.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 85 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Spring Valley, IL
Spring Valley, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 184 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | $110 | $900 | $1,010 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Spring Valley, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $138,000 |
| Median Household Income | $65,600 |