A typical Spring Valley home is worth roughly $326,000
Home prices around Spring Valley have risen about 54% over the past 5 years.
What kind of housing town is Spring Valley?
Read from the numbers below. The page puts what stands out first.
90% of Spring Valley households own their home
Half of Spring Valley’s homes were built before 1938.
South Dakota: 69% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Home prices up 54% in 5 years
The federal house price index for the ZIP codes around Spring Valley rose 54% over the past 5 years, faster than across South Dakota (50%). Last year prices rose 0.9%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Spring Valley, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
What it takes to buy in Spring Valley
Try your own numbers below.
That’s $41K short of a typical Spring Valley home.
A two-bedroom rents for about $1,140 a month here, $860 less than owning.
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.
A two-bedroom rents for about $1,140
Fair Market Rent a month, utilities included
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.
Spring Valley vs. its neighbors
The towns that share a border with Spring Valley. Tap one to see its housing page.
Compare more
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.
Your answer becomes a post in Town Square.
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. 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. The calculator is an estimate, not a loan offer.