Spring Valley, IL
Population 5,508 · Illinois
About Spring Valley, IL
Spring Valley is a small town located in Illinois with a population of 5,508 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,964 per year, which is 15% below the national median of $75,149. The median age of 42.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Spring Valley features a median home value of $125,000, which is 49% below the national median of $244,900. This makes Spring Valley one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,022, 12% below the national average of $1,163/month. Of the 2,604 total housing units, 63% are owner-occupied (1,452 units) and 37% are renter-occupied (851 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Spring Valley shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 10.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Spring Valley have an average one-way commute time of 19.4 minutes, one of the shorter commutes in the region.
Education & Demographics
19.2% of Spring Valley residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 18.6% White, 0.6% Hispanic or Latino, 1.3% Black or African American, and 0.0% Asian residents, with 5.6% of the population being foreign-born.
Cost of Living in Spring Valley, IL
Compared to national averages, Spring Valley has a median household income of $63,964 (15% below the national median of $75,149). Home values average $125,000, which is 49% below the national median. Monthly rent at $1,022 is 12% below the US average of $1,163. Within Illinois, Spring Valley's income is 15% below the state average of $75,072, and home values are 25% below the state median of $165,779.
Why Live in Spring Valley, IL?
Spring Valley offers affordable housing with a median home value of $125,000, below the US average of $244,900, and rent that’s lower than the national average at $1,022/month, and a low poverty rate of 10.5%, better than the national average. Additionally, the city features short commute times averaging just 19.4 minutes.
Potential considerations include median household income ($63,964) that falls below the national average. However, Spring Valley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Spring Valley has a population of 5,508 with a median age of 42.5 years. Compare Spring Valley with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Spring Valley
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wilmington | 5,507 | $63,514 | $216,400 | Compare |
| Candlewick Lake | 5,459 | $94,820 | $169,200 | Compare |
| Carlinville | 5,574 | $52,738 | $108,000 | Compare |
| Lake Holiday | 5,402 | $112,250 | $235,300 | Compare |
| Lake Barrington | 5,400 | $132,857 | $451,400 | Compare |
| Northfield | 5,683 | $180,492 | $807,700 | Compare |
| Genoa | 5,685 | $79,343 | $201,600 | Compare |
| Posen | 5,331 | $71,994 | $172,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Spring Valley With Other Cities
Frequently Asked Questions about Spring Valley
What is the population of Spring Valley, IL?
The population of Spring Valley, IL is 5,508 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Spring Valley?
The median household income in Spring Valley, IL is $63,964 per year, which is 15% below the national median of $75,149.
What is the median home value in Spring Valley?
The median home value in Spring Valley, IL is $125,000, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Spring Valley?
The median monthly rent in Spring Valley, IL is $1,022, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Spring Valley?
The unemployment rate in Spring Valley, IL is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Spring Valley, IL a good place to live?
Spring Valley offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 5,508 and a median age of 42.5, the city appeals to a broad range of residents.
How educated is Spring Valley, IL?
19.2% of residents in Spring Valley aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Spring Valley?
Key cost-of-living indicators for Spring Valley, IL: median home value is $125,000 (49% below national), median rent is $1,022/month, and median household income is $63,964. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Spring Valley?
The poverty rate in Spring Valley, IL is 10.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Spring Valley, IL?
Spring Valley's population is 18.6% White, 0.6% Hispanic or Latino, 1.3% Black or African American, 0.0% Asian, and 1.0% two or more races. 5.6% of residents are foreign-born.