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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 $221,213, lower than the South Dakota average of $268,202.
The average cost of rent is $716/mo in Spring Valley, primarily driven by the current value of real estate in the Spring Valley area. In Spring Valley, 16.57% of households rent, and 50.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Valley is $7,418 per month. Households that rent pay about 9.65% of their income on rent here. Spring Valley’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hurley, SD: less expensive homes
- Davis, SD: less expensive homes
- Viborg, SD: equally priced homes
- Midway, SD: higher priced homes
- Parker, SD: higher priced homes
- Naomi, SD: higher priced homes
- Turkey Ridge, SD: higher priced homes
- Chancellor, SD: higher priced homes
- Marion, SD: equally priced homes
- Lennox, SD: higher priced homes
Cities with Similar Populations
- Rubio, IA: less expensive homes
- Moriah, IL: less expensive homes
- Morton, AR: less expensive homes
- Moscow, AR: less expensive homes
- Moscow, KY: less expensive homes
- Mot, LA: less expensive homes
- Mount Palatine, IL: less expensive homes
- Mount Union, AL: less expensive homes
- Mudville, LA: less expensive homes
- Rogers, CT: higher priced homes
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