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These days, finding an affordable place to live in the Spring Valley area can be challenging. Home prices in Spring Valley are now at a median cost of $210,452, lower than the Alabama average of $228,911.
The average cost of rent is $934/mo in Spring Valley, primarily driven by the current value of real estate in the Spring Valley area. In Spring Valley, 19.14% of households rent, and 37.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Valley is $6,997 per month. Households that rent pay about 13.35% of their income on rent here. Spring Valley’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Colonial Heights, AL: higher priced homes
- Colbert Heights, AL: less expensive homes
- Leighton, AL: less expensive homes
- Tuscumbia, AL: less expensive homes
- Littleville, AL: less expensive homes
- Muscle Shoals, AL: equally priced homes
- Nitrate City, AL: equally priced homes
- Old Bethel, AL: less expensive homes
- Steenson Hollow, AL: less expensive homes
- Hester Heights, AL: less expensive homes
Cities with Similar Populations
- Luther, MI: less expensive homes
- Sugar Camp, WI: higher priced homes
- Stone Creek, OH: equally priced homes
- St. Georges, DE: higher priced homes
- Sprakers, NY: equally priced homes
- South Scappoose, OR: higher priced homes
- Solon, ME: equally priced homes
- Snow Lake Shores, MS: less expensive homes
- Smicksburg, PA: less expensive homes
- Silver Point, TN: higher priced homes
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