Sign inJoin
Housing in Spring Valley

A typical Spring Valley home is worth roughly $409,000

Typical home value
$409K
SD $322K
Estimate
2-bedroom rent
$1,180
a month, utilities in · HUD
Median tax bill
$3,382
SD $2,724

What kind of housing town is Spring Valley?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

What it takes to buy in Spring Valley

Try your own numbers below.

You could afford about
$286,000
Typical Spring Valley home $409K

That’s $124K short of a typical Spring Valley home.

The typical home, each month
$2,510
Loan $2,030Tax $360Insurance $120

A two-bedroom rents for about $1,180 a month here, $1,330 less than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the South Dakota typical property tax (1.06% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

92% of Spring Valley households own their home

Half of Spring Valley’s homes were built before 1979.

Owners and renters
Own 92%Rent 8%

South Dakota: 69% own.

1979
typical home built · SD 1980
$3,382
median property tax bill · SD $2,724

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $1,180

Fair Market Rent a month, utilities included

Studio$880
1 bedroom$1,010
2 bedrooms$1,180
3 bedrooms$1,620
4 bedrooms$1,980
8%
of households rent · SD 31%
12
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Sioux Falls, SD HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Spring Valley vs. its neighbors

The towns that share a border with Spring Valley. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Spring Valley$409K*—$1,180$107,813
Wellington$627K*—$1,010$136,563

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Spring Valley buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Spring Valley still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

Post to Spring Valley

We’ll email a one-tap link to publish your post. No password, and nothing is public until you click it.
Already a member? Sign in