Home Price Key
Affordable
Average
Expensive
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 $154,729, lower than the Minnesota average of $269,934.
The average cost of rent is $816/mo in Spring Valley, primarily driven by the current value of real estate in the Spring Valley area. While nearly 45.85% of residents own their homes outright in Spring Valley, 18.25% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spring Valley is $5,496 per month. Households that rent pay about 14.84% of their income on rent here. Spring Valley's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Ostrander, MN: equally priced homes
- Hamilton, MN: higher priced homes
- Etna, MN: higher priced homes
- Wykoff, MN: higher priced homes
- Washington, MN: higher priced homes
- Racine, MN: higher priced homes
- Grand Meadow, MN: higher priced homes
- Greenleafton, MN: higher priced homes
- Pleasant Grove, MN: higher priced homes
- Le Roy, MN: less expensive homes
Cities with Similar Populations
- Holly Pond, AL: equally priced homes
- Heathsville, VA: higher priced homes
- Seven Fields, PA: higher priced homes
- Milford, NE: higher priced homes
- Mount Penn, PA: less expensive homes
- Mustang, TX: higher priced homes
- New Auburn, WI: higher priced homes
- Providence, NC: less expensive homes
- Ridgely, MD: higher priced homes
- Roopville, GA: equally priced homes
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