Spring Valley, NY—10977
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Valley, NY
As of Aug '25, the median home price in Spring Valley, NY is $843,000, with a year-over-year change of 3.6%. This indicates that home prices in Spring Valley, NY are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $490,000 | 4.7% |
3 Bed | $747,000 | 4.0% |
4 Bed | $886,000 | 3.3% |
| 5 Bed | $1,072,000 | 2.6% |
Rental Trends — Spring Valley, NY
As of Jul '25, the average rent in Spring Valley, NY is $3,750, with a year-over-year rent change of 13.6%. 1-bedroom units average $1,840 (-7.1%); 2-bedroom units average $2,500 (-9.1%); 3-bedroom units average $3,540 (1.1%); 4-bedroom units average $4,390 (3.3%)
| 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 |
Property Listings — Spring Valley, NY
As of Aug '25 and according to Realtor.com, the median days on market for a home in Spring Valley, NY is 55. This is an increase of 1.0% from last year. This indicates that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 15.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,000,000 | 6.0% |
Listing Count | 151 | N/A |
| Listings as % of Homes | 0.2% | N/A |
Days on Market | 55 | 1.0% |
Demographics — Spring Valley, NY
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 71,500 | 10.1% |
% Under 18 | 41.0% | 9.6% |
| % Under 5 | N/A | N/A |
% Seniors | 8.6% | -3.4% |
% WFH | 8.3% | 102.4% |
% w/ College Degree | 23.1% | 0.0% |
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 the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Spring Valley, NY in that year was 537. 98.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 62.0%. Of those, 18.0% were >90% loan to value. This is considered elevated, suggesting that mortgage risk is medium in Spring Valley, NY. Investor activity in Spring Valley, NY is low, as 7.0% of all loans are originated by investors. In 2023, 8.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.
Mortgages
| Metric | Zip Code Average | Metro Average | State Average |
|---|---|---|---|
Total Loan Originations | 537 | N/A | N/A |
% Conventional Loans | 98.0% | N/A | N/A |
% Government Loans | 2.0% | N/A | N/A |
% Investor Loans | 7.0% | N/A | N/A |
% Second Loans | 0.0% | N/A | N/A |
% Cash Out Refinance | 8.0% | N/A | N/A |
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 homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.
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 | Metro Average | State Average |
|---|---|---|---|
| Home Price to Income Ratio | 8.8 | N/A | N/A |
| Median Home Price | $843,000 | N/A | N/A |
| Median Household Income | $77,700 | N/A | N/A |