Why Live in Spring Valley
Spring Valley in Salem, Oregon, is characterized by its diverse home styles, including ranch-style homes, farmhouses, Colonial Revivals, modern contemporary, and new traditional homes. The neighborhood's rolling hills, winding country roads, and abundant trees provide a sense of privacy, with properties often featuring large lots ranging from 5 to 43 acres. Residents can enjoy sweeping views of the valley and surrounding mountain ranges, including Mt. Hood and Mt. Jefferson. The area has a lower crime risk compared to the national average. Outdoor attractions are plentiful, with the Willamette River Greenway Spring Valley Access offering 177 acres of multi-use trails, fishing spots, and canoe/kayak launches. Maud Williamson State Recreation Site and Orchard Heights Park provide additional recreational opportunities, including hiking, picnicking, and sports facilities. While commercial activity within Spring Valley is limited, residents can find essential services and dining options in nearby West Salem, about 6 miles away. Notable spots include the food truck park Checkpoint 221 and Xicha Brewing. Vineyards and wineries such as Bethel Heights Vineyard and Bryn Mawr Vineyards offer local wine tasting experiences. The neighborhood is car-dependent, with Wallace Road and Zena Road serving as main thoroughfares. Downtown Salem is approximately 7.5 miles away, and the Wheatland Ferry provides an alternative route across the river. West Salem High School, known for its performing arts and technical education programs, serves the area and has a high rating.
Frequently Asked Questions
Is Spring Valley a good place to live?
Spring Valley is a good place to live. Spring Valley is considered very car-dependent and somewhat bikeable. Spring Valley is a suburban neighborhood. Spring Valley has 6 parks for recreational activities. It has a median age of 47. The average household income is $148,771 which is above the national average. College graduates make up 37.7% of residents. A majority of residents in Spring Valley are home owners, with 16.4% of residents renting and 83.6% of residents owning their home. A
local real estate agent serving Spring Valley can help you decide if this neighborhood is the right one for you. Learn more on our
Spring Valley neighborhood guide.
How much do you need to make to afford a house in Spring Valley?
The median home price in Spring Valley is $1,095,000. If you put a 20% down payment of $219,000 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $5,400 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $231K a year to afford the median home price in Spring Valley. The average household income in Spring Valley is $149K.
What are the best public schools in Spring Valley?
The best public schools that serve Spring Valley are:
What are the best private schools in Spring Valley?
The best private schools that serve Spring Valley are:
What are the most popular zip codes in Spring Valley, Salem, OR?
What are the most popular neighborhoods near Spring Valley, Salem, OR?
Are home prices dropping in Spring Valley?
Yes, home prices in Spring Valley are down 4% in the last 12 months.
Home Trends in Spring Valley, OR
On average, homes in Spring Valley, Salem sell after 83 days on the market compared to the national average of 52 days. The median sale price for homes in Spring Valley, Salem over the last 12 months is $905,000, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$905,000
Median Single Family Sale Price
$985,800
Average Price Per Sq Ft
$353
Number of Homes for Sale
15
Last 12 months Home Sales
26
Median List Price
$1,095,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
11%
