Spring Valley, MN Real Estate
According to census data in the year 2000 there were 1,093 housing units in Spring Valley.
This represents a 5.4% growth from 1,037 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,093 were located in what is classified as a rural area.
Homeownership rate in Spring Valley is about 77%.
Spring Valley's vacancy rate, including seasonal lodging, is about 6.2%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Spring Valley were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 14.20% |
| Two Bedrooms | 25.80% |
| Three Bedrooms | 41.40% |
| Four Bedrooms | 16% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1944 |
| Median Value of occupied units | $76,200 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.92 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9% |
| Home Equity Loan | 15% |
| Simple Mortgage | 35.40% |
| Debt Free | 40.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
