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 Type | 2.40% |
| One Bedroom | 13.10% |
| Two Bedrooms | 32.30% |
| Three Bedrooms | 42.50% |
| Four Bedrooms | 8.80% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $76,100 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $390 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.50% |
| Home Equity Loan | 6.20% |
| Simple Mortgage | 49% |
| Debt Free | 40.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
