Quick facts: Spring valley, NY

Quick Facts

113.7
Cost of Living
above US average
32,884
Population
19.95
Crime Rate per 1000
below US average
$50,749
Median Income
below US average
$949,000
Median House Price
above US average
$3571.75
Average Rent
above US average
10%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,749.

🏠

Income Needed to Buy

βœ— Stretch
$298k/year
Based on $949,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $298k vs median $50,749
🏒

Income Needed to Rent

⚠ Stretch
$153k/year
Based on $3571.75/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $153k vs median $50,749
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Spring valley, NY

Spring Valley is a village located in Rockland County, New York, just 31 miles northwest of Manhattan. It features a diverse community with a rich cultural heritage, significantly influenced by its sizable Jewish and Latino populations. The village is characterized by a suburban feel, with tree-lined streets and a variety of parks, making it an appealing place for families. One of Spring Valley's main attractions is its proximity to the scenic beauty of the Hudson Valley, which offers opportunities for outdoor activities such as hiking and biking. The village itself hosts various events and festivals throughout the year, celebrating its multicultural heritage. Residents benefit from local amenities, including shops, restaurants, and supermarkets, while nearby larger towns provide additional services and entertainment options. Public transport links, including nearby train stations, make it easy for commuters to travel to New York City and other regions. Overall, Spring Valley combines the charms of small-town living with convenient access to urban resources, creating a unique community atmosphere.

πŸ” Search & Compare Places

First Location πŸ“