Spring Valley, MN housing market
The median sale price was $340,000 in May 2026.
Home values, sales, trends and how Spring Valley compares with the towns next door — updated as new data is published.
Spring Valley at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 48% in 5 years
The federal house price index for the ZIP code around Spring Valley rose 48% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 11%. Carrying the Census median home value forward with that index puts the typical Spring Valley home at roughly $270,000 today.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +11% | +120% | +127% |
| 2024 | +4.3% | +99% | +120% |
| 2023 | +3.6% | +91% | +113% |
| 2022 | +17% | +84% | +104% |
| 2021 | +5.5% | +57% | +82% |
| 2020 | +4.5% | +49% | +66% |
| 2019 | +8.7% | +42% | +61% |
| 2018 | +1.9% | +31% | +55% |
| 2017 | +7.8% | +29% | +46% |
| 2016 | +2.9% | +19% | +38% |
| 2015 | +12% | +16% | +32% |
| 2014 | −1.9% | +3.1% | +28% |
| 2013 | −2.2% | +5.1% | +21% |
| 2012 | +1.4% | +7.5% | +16% |
| 2011 | −4.8% | +6% | +18% |
| 2010 | −2.6% | +11% | +25% |
| 2009 | −5.6% | +14% | +33% |
| 2008 | +6.2% | +21% | +42% |
| 2007 | −7.2% | +14% | +48% |
| 2006 | +1.6% | +23% | +49% |
| 2005 | +0.6% | +21% | +45% |
| 2004 | +7.8% | +20% | +34% |
| 2003 | +8% | +11% | +23% |
| 2002 | −0.6% | +3.2% | +18% |
| 2001 | +3.9% | +3.9% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 55975, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
1 new home permitted in 2025
Builders were permitted 1 new home in Spring Valley in 2025. That's 0.4 per 1,000 residents, slower than across Minnesota (3.8). Over the past 10 years, Spring Valley has permitted 33 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Spring Valley's population fell by 32 even though 20 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Minnesota: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 1 | 1 | 0 | $625,000 |
| 2024 | 1 | 1 | 0 | $625,000 |
| 2023 | 2 | 2 | 0 | $640,000 |
| 2022 | 5 | 5 | 0 | $1.2 million |
| 2021 | 5 | 5 | 0 | $1.2 million |
| 2020 | 5 | 5 | 0 | $980,000 |
| 2019 | 4 | 4 | 0 | $850,000 |
| 2018 | 3 | 3 | 0 | $430,000 |
| 2017 | 5 | 5 | 0 | $904,000 |
| 2016 | 2 | 2 | 0 | $385,000 |
| 2015 | 2 | 2 | 0 | $625,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 3 | 3 | 0 | $541,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $190,000 |
| 2009 | 1 | 1 | 0 | $220,000 |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 3 | 3 | 0 | $387,000 |
| 2004 | 6 | 6 | 0 | $901,000 |
| 2003 | 8 | 6 | 2 | $742,000 |
| 2002 | 10 | 10 | 0 | $1.1 million |
| 2001 | 17 | 17 | 0 | $1.5 million |
| 2000 | 15 | 11 | 4 | $1.3 million |
Spring Valley's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Spring Valley and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Spring Valley | — | +10.5%† | $1,220 | 1 | $66,339 |
| Spring Valley | $246K | −2.2% | $1,220 | — | $92,000 |
† FHFA price index change, where Zillow has no home value for the town.
2.4 years of income
The typical Spring Valley home costs about 2.4 years of the town's median household income, less than across Minnesota (3.9 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,220
HUD's Fair Market Rent for a two-bedroom in Spring Valley is $1,220 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Spring Valley pay a median of $915, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $920 · 4 bedrooms $1,650
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55975; Fillmore County, MN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.