Real Estate in Spring valley, NY
Updated 2026 • Housing market data from 1 zip code • Redfin data through January 2026
📊 Spring valley, NY Market Activity
The Spring valley housing market shows a median sale price of $935,000, 14.0% higher than last year. The price per square foot is $420, 420% above the national median of ~$215/sqft, up 8.0% year-over-year. Homes in Spring valley spend a median of 30 days on market, faster than the national median of 42 days — indicating strong buyer demand.
🏘️ Spring valley Rental Market
The average rent in Spring valley, NY is $3,572 per month. A 2-bedroom apartment rents for approximately $2,600/month, while a 3-bedroom home averages $3,500/month.
📦 Spring valley Housing Supply & Demand
There are 91 new listings and 87 active properties on the market.
🏆 Spring valley Market Competitiveness
Homes in Spring valley sell for an average of 99.0% of their asking price. About 27% of properties sell above list price, indicating moderate buyer competition.
On average, homes sell for 99.0% of the asking price
27% of sales closed above asking, % at or below
📋 Housing Overview
Spring valley, NY Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 949000, the balance between renting (75%) and owning (25%), and a population of 32884 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $949,000 and average rents of $3,572/month, the median household income of $50,749 provides context for affordability in Spring valley. Whether you're looking to buy property in Spring valley or invest in Spring valley real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation. A 2-bedroom apartment rents for approximately $2,600/month, while a 3-bedroom house averages $3,500/month.
Economy & What Drives Spring valley Real Estate
Real estate values in Spring valley, NY are driven by local employment, school quality, and quality of life. The cost of living index of 147.9 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $50,749, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Spring valley neighborhoods.
Pros & Cons
Pros
- •Variety of kids activities
- •Friendly community atmosphere
- •Diverse community population
- •Proximity to NYC for nightlife
- •Convenient public transport
- •Low crime rate reported
- •Access to nearby parks
- •Affordable housing options
- •Job market improving slowly
- •Good school options available
Cons
- •Limited job opportunities
- •Traffic congestion issues
- •Limited nightlife options
- •Social services are inadequate
- •Political polarization evident
- •Weather can be too cold
- •Higher cost of living
- •High property taxes concern
- •Public schools mixed reviews
- •Some racial tension noted
Frequently Asked Questions
What is the cost of living in Spring valley, NY? ▼
The cost of living in Spring valley, NY is 48% higher than the national average, with a cost of living index of 148 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Spring valley, NY? ▼
In Spring valley, NY, The median home price is $949,000. requiring approximately $246,214 annual income to afford. Average rent is $3,572/month (requiring ~$142,870/year income). The local median household income is $50,749, making homeownership challenging for typical residents. Explore Spring valley real estate data →
Is Spring valley, NY a safe place to live? ▼
Spring valley, NY is average in terms of safety, with crime rates near the national average. The crime rate is 19.9 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Spring valley crime statistics →
What salary do you need to live comfortably in Spring valley, NY? ▼
To live comfortably in Spring valley, NY and afford a median-priced home of $949,000, you would typically need a household income of $237,250 to $296,562 per year. The local median household income is $50,749. Renting requires approximately $142,870/year (at $3,572/month). See full affordability analysis →
Is Spring valley, NY growing? ▼
Spring valley, NY has a population of 32,884. As a smaller community, population trends depend on local housing development, job growth, and quality of life factors. The higher cost housing market and competitive job market shape migration patterns. See Spring valley population demographics →
What are the best neighborhoods in Spring valley, NY? ▼
The best neighborhoods in Spring valley, NY depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods farther from the city center tend to offer more affordable options. Explore Spring valley on our interactive map →
What is the commute like in Spring valley, NY? ▼
Commute times in Spring valley, NY vary by neighborhood and workplace location. As a smaller community, residents typically drive, as public transit is limited. The moderate cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Spring valley, NY? ▼
Tax rates in Spring valley, NY include state and local components. The cost of living index of 148 indicates a higher cost environment compared to the national average. View detailed Spring valley tax information →
How does Spring valley, NY compare to nearby cities? ▼
Spring valley, NY offers comparable costs to nearby communities. With a cost of living index of 148, median home prices of $949,000, and a crime rate of 19.95 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Spring valley, NY? ▼
Weather in Spring valley, NY varies by season. Climate data varies by season. View detailed Spring valley climate & environment data →
Is it better to rent or buy in Spring valley, NY? ▼
With a median home price of $949,000 and average rents of $3,572/month, the price-to-rent ratio in Spring valley is 22.1x. This leans toward renting being more cost-effective in the short term, though long-term appreciation may favor buying. See full cost analysis →
What is the price per square foot in Spring valley, NY? ▼
The median price per square foot in Spring valley is $420, which is 96% above the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in Spring valley, NY? ▼
Homes in Spring valley spend a median of 30 days on market before going under contract. This indicates homes sell faster than the national median of 42 days, indicating healthy demand. View full market data →
Explore More About Spring valley, NY
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin