Spring Valley, MN
Population 2,357 · Minnesota
About Spring Valley, MN
Spring Valley is a small town located in Minnesota with a population of 2,357 residents according to the latest US Census Bureau American Community Survey data. The median household income is $64,500 per year, which is 14% below the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Spring Valley features a median home value of $149,100, which is 39% below the national median of $244,900. This positions Spring Valley in a moderately priced market relative to the rest of the country. Median monthly rent is $861, 26% below the national average of $1,163/month. Of the 1,081 total housing units, 78% are owner-occupied (768 units) and 22% are renter-occupied (222 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Spring Valley shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 12.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Spring Valley have an average one-way commute time of 26.3 minutes.
Education & Demographics
15.2% 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 3.1% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Spring Valley, MN
Compared to national averages, Spring Valley has a median household income of $64,500 (14% below the national median of $75,149). Home values average $149,100, which is 39% below the national median. Monthly rent at $861 is 26% below the US average of $1,163. Within Minnesota, Spring Valley's income is 13% below the state average of $74,221, and home values are 27% below the state median of $204,472.
Why Live in Spring Valley, MN?
Spring Valley offers affordable housing with a median home value of $149,100, below the US average of $244,900, and rent that’s lower than the national average at $861/month, and a low poverty rate of 12.0%, better than the national average.
Potential considerations include median household income ($64,500) 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 2,357 with a median age of 40.1 years. Compare Spring Valley with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Spring Valley
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Excelsior | 2,359 | $108,611 | $839,500 | Compare |
| Staples | 2,359 | $51,506 | $119,300 | Compare |
| Madelia | 2,380 | $77,500 | $158,300 | Compare |
| Lauderdale | 2,386 | $76,558 | $273,600 | Compare |
| Wells | 2,317 | $58,663 | $93,200 | Compare |
| Arlington | 2,298 | $66,458 | $181,600 | Compare |
| Janesville | 2,449 | $72,120 | $194,400 | Compare |
| Crosby | 2,253 | $43,250 | $175,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
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, MN?
The population of Spring Valley, MN is 2,357 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Spring Valley?
The median household income in Spring Valley, MN is $64,500 per year, which is 14% below the national median of $75,149.
What is the median home value in Spring Valley?
The median home value in Spring Valley, MN is $149,100, which is 39% 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, MN is $861, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Spring Valley?
The unemployment rate in Spring Valley, MN is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Spring Valley, MN a good place to live?
Spring Valley offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,357 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Spring Valley, MN?
15.2% 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, MN: median home value is $149,100 (39% below national), median rent is $861/month, and median household income is $64,500. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Spring Valley?
The poverty rate in Spring Valley, MN is 12.0%, 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, MN?
Spring Valley's population is 3.1% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 1.0% two or more races. 1.5% of residents are foreign-born.