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Spring Valley city, IL

ZIP 61362 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61362

Median Home Value
$135,900
Median Rent
$710
Affordability Snapshot
$37,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$873/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 61362 in Spring Valley city, IL, a household would need roughly $37,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $873. That sits below the local median household income ($65,625), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
64.4%-2% vs US avg
x
Vacancy Rate
11.2%+9% vs US avg
x
Broadband Access
86.6%-0% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
8.7%-32% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
4.0%-92% vs US avg
x
Mortgage-Free
51.8%+36% vs US avg
x
$135,900
Home Value
$710
Rent
1962
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.7%
  • 1-unit attached0.5%
  • 2-9 units7.1%
  • 10+ units9.7%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$135,900
Median rent$710
Owner-occupied64.4%
Vacant11.2%
Price-to-income2.1x
Est. income to buy$37,000