Spring Valley Village Texas City Guide

Spring Valley Village’s population in 2010 was 3,715, and the population in 2018 was 4,239. The population grew 14.1% between 2010 and 2018, and the area’s population density is 3,455.

Spring Valley Village’s population is roughly split 50/50 between male and female residents. The median female age in this city is 41, and the median male age is 39.

The overall median age in Spring Valley Village is 40 years old, which is over both U.S. and statewide medians. Around 32% of the population is less than 24. Roughly 10% of residents are between 25-34, and about 32% of the population is between 35-54.

88% of Spring Valley Village residents are White, and 7.7% of residents are Asian. Another 3.7% of the population is biracial or multiracial. 7.7% of residents identify as Hispanic or Latino.

About 22% of residents have German roots, while 13% have English ancestry. Other common backgrounds include Italian, Scottish, and Norwegian. 7.5% of residents were born outside of the country, and this percentage is 10% under Texas’s average.

86.6% of residents speak English alone, and 6.8% of residents know Spanish. 2.4% of Spring Valley Village residents know another Indo-European language. An additional 1.8% of residents speak Chinese, Mandarin, or Cantonese.

Roughly 98% of residents 25 years old and over have a high school degree or an equivalent degree. With a 2% high school dropout rate, this city’s rate is decidedly under Texas’s average of 17% and the country’s average of 12%.

5.5% of Spring Valley Village’s adult population has some college education. 2.9% of residents have earned an associate’s degree, while over 80% of the adult population holds a bachelor’s degree. More than 40% of residents who are 25 years old and over have a professional degree or a graduate degree.

60% of Spring Valley Village students attend public schools, while 40% of local students attend private schools.

Real estate prices in Spring Valley Village are among some of the highest in Texas but homes in the town are more affordable compared to the other communities that are located south of the Katy Freeway.

The median property value in Spring Valley Village is $885,988. This represents an increase of 1.37% from the median property value of $874,000 recorded in 2017. Between 2017 and 2018, the median home value in the area grew by 2.40%, from $874,000 to $895,000.

The median property value in the city is expected to rise by 2.7% within 2021.

The median sales price of homes in Spring Valley Village is at $1,100,000. This represents an increase of 43.89% from the median sales price of $764,500 recorded in 2017.

About 48% of homes in the area are valued between $400,000 to $749,000 and about 43% of properties are valued at higher than $750,000.

Spring Valley Village is a residential neighborhood where about 96% of housing units are owner-occupied. There are more than a thousand housing units in the area.

The majority of housing units in the city are one to two-story single-family homes. These luxury homes sit on spacious lots with average sizes of 10,000 square feet. Most homes also feature three to five bedrooms and two to four bathrooms.

Most of the properties in the city were built between 1950 to 1959. There is also a significant number of homes that were built between 1960 to 1979 and between 2000 up to the present.

Modern luxury homes in the area incorporate Mediterranean and contemporary styles and have features that include wood flooring, wine bar kitchen islands, and game and entertainment rooms.

Prices of homes range from $400,000 to nearly $2M.

Spring Valley Village’s median household income is over $205K, and the city’s median earnings per worker is $132K. The city’s unemployment rate is roughly 1%.

An estimated 141 people live in poverty, which places the overall poverty rate at 3.3%. 8% of Spring Valley Village residents earn less than $10K each year, while 3% of residents make between $10K-$15K. 5% of the population makes between $15K-$20K annually.

An estimated 10% of the population earns between $20K-$50K each year, while 20% of residents earn $50K-$75K. Another 7% of the population makes between $75K-$100K, while almost 50% of Spring Valley Village residents earn over $100K annually.