Spring Valley, IL 61362 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Spring Valley, IL—61362

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$143,000

2.3% YoY Growth

Household Income

$65,600

33.6% YoY Growth

Days on Market

107

42.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$900

16.2% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$900

5.1% YoY Growth

3-Bed Rent

N/A

Other Zip Codes in Spring Valley, IL

61329

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	$143,000	2.3%
Single Family	$144,000	3.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

Studio

6.9%

1 Bedroom

36.8%

2 Bedrooms

29.0%

3 Bedrooms

25.7%

4 Bedrooms

1.5%

Property Listings — Spring Valley, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Spring Valley, IL is 73. This is a decrease of -4.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$171,000	44.0%
Listing Count	11	25.0%
Listings as % of Homes	0.4%	25.0%
Days on Market	107	42.0%

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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%

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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%

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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%

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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

Spring Valley, IL—61362

Key Metrics at a Glance

Other Zip Codes in Spring Valley, IL

Home Price Trends — Spring Valley, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spring Valley, IL

% of Rental Stock

Property Listings — Spring Valley, IL

Demographics — Spring Valley, IL

Race and Ethnicity

Mortgage and Risk — Spring Valley, IL

Mortgages

Rentals and Section 8 — Spring Valley, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Spring Valley, IL

Home Price to Income Ratio

Spring Valley, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Spring Valley, IL

Seatonville

Dalzell, IL

Cherry, IL

Cherry

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.8
Median Home Price	$143,000
Median Household Income	$65,600

Spring Valley, IL—61362

Key Metrics at a Glance

Other Zip Codes in Spring Valley, IL

Home Price Trends — Spring Valley, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spring Valley, IL

% of Rental Stock

Property Listings — Spring Valley, IL

Demographics — Spring Valley, IL

Race and Ethnicity

Mortgage and Risk — Spring Valley, IL

Mortgages

Rentals and Section 8 — Spring Valley, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Spring Valley, IL

Home Price to Income Ratio

Spring Valley, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Spring Valley, IL

Seatonville

Dalzell, IL

Cherry, IL

Cherry

Frequently Asked Questions

What is the average home price in Spring Valley, IL 61362?

How have home prices in Spring Valley, IL 61362 changed over the past year?

What is the home price projection for Spring Valley, IL 61362?

What are the demographics of Spring Valley, IL 61362?

How long does it take homes to sell in Spring Valley, IL 61362?

What is the average rent price in Spring Valley, IL 61362?