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Spring Valley, IL Real Estate


According to census data in the year 2000 there were 2,347 housing units in Spring Valley. This represents a 2.8% growth from 2,283 in 1990.

Of those housing units, 2,271 were located in either urbanized areas or urban clusters, and 76 were located in what is classified as a rural area.

Homeownership rate in Spring Valley is about 72.9%. Spring Valley's vacancy rate, including seasonal lodging, is about 7.5%. Average household size is 2.43 people.

The majority of houses, apartments or condos in Spring Valley were built after 1951.

Statistics

Housing Size

Housing Units by Size
Studio Type2.40%
One Bedroom13.10%
Two Bedrooms32.30%
Three Bedrooms42.50%
Four Bedrooms8.80%
Five Bedrooms or more0.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1951
Median Value of occupied units$76,100
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size2.04
Median year structure was built1951
Median Monthly Rent asked for vacant units$390

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.50%
Home Equity Loan6.20%
Simple Mortgage49%
Debt Free40.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.9%