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ZipNumbers

Minnesota · Census place 62104

Spring Valley city, MN

Quick answer

Spring Valley city has 2,357 residents, ranking #242 of 914 places in Minnesota. Median household income is $64,500, the median home is worth $149,100 and median gross rent runs $861 a month.

Population
2,357Spring Valley city residents
Median household income
$64,500Past 12 months, inflation adjusted
Median home value
$149,100Owner-occupied units
Median gross rent
$861Rent plus utilities, monthly
Median age
40.1 yrsAll residents
Homeownership rate
77.6%Owner-occupied households

What the numbers mean in Spring Valley city

Housing cost measured against local earnings.

A household earning the Spring Valley city median would spend about 16% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12% of residents and 77.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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