Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 3,779, 1,209 total housing units (homes and apartments), and a median house value of $482,720, Valley Springs real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Valley Springs, accounting for 84.24% of the town's housing units. Other types of housing that are prevalent in Valley Springs include large apartment complexes or high rise apartments ( 7.51%), mobile homes or trailers ( 5.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.99%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Valley Springs. Owner-occupied housing accounts for 86.27% of Valley Springs's homes, and 71.13% have either three or four bedrooms, which is average sized relative to America.
Valley Springs homes and real estate are some of the newest in America. 44.04% of Valley Springs's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Valley Springs real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.27%), and between 1940-1969 ( 12.67%). There's also some housing in Valley Springs built before 1939 ( 1.03%).
Vacant housing appears to be an issue in Valley Springs. Fully 10.97% of the housing stock is classified as vacant. Left unchecked, vacant Valley Springs homes and apartments can be a drag on the real estate market, holding Valley Springs real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Valley Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.57%, which ranks in the top 40% nationwide. This equates to an annual average Valley Springs house appreciation rate of 7.10%.
Over the last year, Valley Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Valley Springs's appreciation rate has been -2.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Valley Springs were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Notably, Valley Springs's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Valley Springs's latest annual appreciation rate is lower than 90% of the other cities and towns in California.
$482,720
for California
for nation
1,209
$2,324 / per month