Zip 61362 (Spring Valley, IL) Housing

Housing in Spring Valley, IL (61362) is relatively affordable compared to the US, with a median value of $107,400 compared to a U.S. median of $338,100. Although appreciation in Spring Valley has been slower than the US as a whole - 6.44% over the past year compared to 8.27% for the U.S. - housing remains an attractive option for potential homeowners looking for value and stability in the region.

The median home cost in Spring Valley (zip 61362) is $107,400. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Spring Valley (zip 61362) is up 8.8%.

Average Age of Homes

- The median age of Spring Valley (zip 61362) real estate is 50 years old

The Rental Market in Spring Valley (zip 61362)

- Renters make up 24.5% of the Spring Valley (zip 61362) population
- 2.1% of houses and apartments in Spring Valley (zip 61362), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Spring Valley, Illinois	United States
	2,673.0	139,647,020.0
	59	42
	$107,400	$338,100
	8.8%	16.6%
	32.6%	57.0%
	36.1%	101.1%
	$25.88	$10.98
	$2,911	$2,690
	57.1%	57.4%
	7.1%	11.2%
	35.8%	31.4%
Vacant Housing
	2.1%	1.9%
	0.8%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	1.3%	2.4%
	6.5%	2.8%
	14.3%	3.9%
	22.7%	4.5%
	21.3%	11.3%
	18.6%	13.0%
	11.8%	20.1%
	1.2%	13.6%
	0.5%	8.3%
	0.5%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.4%	13.6%
	7.4%	13.6%
	5.6%	13.6%
	7.4%	13.2%
	19.9%	14.8%
	5.6%	13.6%
	15.8%	10.0%
	6.5%	4.7%
	26.0%	12.2%

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