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City · 6,512 residents · Nassau County, New York

South Valley Stream , New York

In South Valley Stream, a typical home is worth $656,800. Home values, rent and income are very close to those of all of Nassau County.

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  • Typical home value

    $656,800

    4% below the county

    55% above New York

    • South Valley Stream
    • Nassau
    • New York

  • Typical household income

    $145,000a year

    About the same as the county

    69% above New York

    • South Valley Stream
    • Nassau
    • New York

  • Households that own their home

    85%

    3 points above the county

    30 points above New York

    • South Valley Stream
    • Nassau
    • New York

Source: U.S. Census Bureau, Average 2020–2024

South Valley Stream is in Nassau County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Nassau County. See the county

Data updated: October 1, 2026 11 official sources

The homes here

Housing in South Valley Stream

What homes there are in South Valley Stream, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in South Valley Stream: 81% of homes, more than in Nassau County (76%).

Year built

The typical year built in South Valley Stream is 1956, about the same as in Nassau County (1955).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$3,919 a month

Nassau County: $3,795 a month

Owners with a mortgage

66%

Nassau County: 62%

The typical cost for an owner with a mortgage in South Valley Stream is $3,919 a month, near the figure in Nassau County ($3,795).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Nassau County, the typical home value in South Valley Stream rose 39% since 2015–2019.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSouth Valley StreamNassau CountyNew YorkUnited States
Rental vacancy Unreliable estimate4.5%3.8%5.5%
Homeowner vacancy Unreliable estimate0.7%1.1%0.9%
More than one person per room Unreliable estimate3.4%5.3%3.4%
People per household 3.552.992.492.53
Drive alone 58%61%49%69%
Carpool 11%7%6%9%
Public transit Unreliable estimate13%22%3%
Walk or bike Unreliable estimate2%6%3%
Work from home 22%16%15%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

Households in South Valley Stream are bigger: 3.55 people on average; in Nassau County, 2.99.

Many people here do not commute at all: 22% work from home; in Nassau County, 16%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in South Valley Stream?

A typical home costs more than the typical income allows

We start with a typical home in South Valley Stream, worth $656,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 48% of the typical household income in South Valley Stream, which is $145,000 a year. For that payment to be 28% of income, a household would need to earn about $247,068 a year.

The calculator's FHA and conventional loan limits are those of all of Nassau County.

Your numbers

Local data
$

Starts at the typical home value in South Valley Stream. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $22,988 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$5,765

at 7.18% · 30 years

Loan amount
$644,904
Total interest
$927,865
Paid off in
November 2056

Includes $11,092 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,383 a month

  • Tight

    $3,383 to $4,350 a month

  • Hard

    more than $4,350 a month

    Your payment · 48%

Compared with the typical household income in South Valley Stream ($145,000 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,765
Principal & interest$4,369
Property tax$832
Home insurance$274
FHA mortgage insurance (MIP)$290

You need at least $22,988 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

South Valley Stream and Nassau County

South Valley Stream is in Nassau County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

South Valley Stream's own numbers

Typical home value
$656,800
Typical yearly household income
$145,000
Households that own their home
85%
Effective property tax rate
1.52%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Nassau County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,209,750
HUD fair market rent, 2 bedrooms
$2,689
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
9.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Nassau County.

Everything about Nassau County

Buying

Buying a home in South Valley Stream

A typical home in South Valley Stream is worth $656,800: 4% below the county and 55% above New York. With the typical household income in South Valley Stream ($145,000 a year), a typical home costs 4.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • South Valley Stream 4.5 years
  • Nassau 4.7 years
  • New York 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Nassau County

According to FHFA’s house price index, home prices in Nassau County rose 82% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Nassau County.

Period County New York U.S.
Last year (2025) +7.0% +6.0% +2.9%
5 years (2020–2025) +45% +52% +47%
10 years (2015–2025) +82% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

South Valley Stream next to Nassau County, New York and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • South Valley Stream $656,800
  • Nassau $684,700
  • New York $423,800
  • United States $332,700
Typical yearly household income
  • South Valley Stream $145,000
  • Nassau $146,202
  • New York $85,974
  • United States $80,734
See the full table
South Valley Stream next to Nassau County and New York
Measure South Valley Stream Nassau County New York U.S.
Typical home value $656,800 $684,700 $423,800 $332,700
Typical yearly household income $145,000 $146,202 $85,974 $80,734
Households that own their home 85% 82% 54% 65%
Typical yearly property tax $10,001 $10,001 $6,582 $3,119
Effective property tax rate 1.52% 1.46% 1.55% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Nassau County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in South Valley Stream

For a typical $656,800 home in South Valley Stream, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, South Valley Stream's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,765a month

    Least cash to close
    Down payment
    $22,988
    Cash to close
    $42,692
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $290

  • Conventional, 5% down $5,645a month

    Down payment
    $32,840
    Cash to close
    $52,544
    Rate
    7.18%
    Mortgage insurance
    PMI · $312

  • Conventional, 20% down, no PMI $4,665a month

    Down payment
    $131,360
    Cash to close
    $151,064
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $5,272a month

    Down payment
    $98,520
    Cash to close
    $118,224
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for South Valley Stream and for Nassau County.

Property tax

Effective rate in South Valley Stream

1.52%of the home’s value each year

$10,001 a year for the typical owner in South Valley Stream.

  • South Valley Stream 1.52%
  • Nassau 1.46%
  • New York 1.55%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Flood risk in Nassau County

FEMA does not publish these numbers by city: they are for all of Nassau County.

Homes in the high-risk zone
9.6%
35,643
Of those, with NFIP insurance
76%
County New York U.S.
Homes in the high-risk zone 9.6% 2% 3.5%
Of those, with NFIP insurance 76% 76% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in South Valley Stream

The Census Bureau publishes no typical rent for South Valley Stream. Below are the fair market rents for Nassau County.

HUD publishes a fair market rent for all of Nassau County, by unit size. To pay the 2-bedroom one ($2,689 a month) without spending more than 30% of your income, you would need to earn $51.71 an hour working full time.

HUD fair market rent for all of Nassau County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,964 $37.77 $78,560
1 bedroom $2,285 $43.94 $91,400
2 bedrooms $2,689 $51.71 $107,560
3 bedrooms $3,458 $66.50 $138,320
4 bedrooms $3,671 $70.60 $146,840

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in South Valley Stream

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). South Valley Stream is in ZIP code 11581.

For 2 bedrooms it is $2,560: $129 less than the fair market rent for Nassau County ($2,689).

  • 11581 $2,560$3,290

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for South Valley Stream when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in South Valley Stream

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Nassau County; 2 say they serve in Spanish.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in South Valley Stream

No down payment, repair or rent-help program on our list is for South Valley Stream or Nassau County. The ones below are statewide in New York: they work in South Valley Stream the same as in the rest of the state.

Which programs do I qualify for? All programs in New York

Housing counselors near South Valley Stream

The HUD-approved agencies closest to the center of South Valley Stream, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Hispanic Brotherhood of Rockville Centre, Inc.

    59 Clinton Ave, Rockville Centre · 4 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (516) 766-6610

  • Margert Community Corporation

    1018 Beach 20th St, Far Rockaway · 4 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (718) 471-3724

  • Neighborhood Housing Services of Jamaica

    8970 162nd St, Queens · 5 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (718) 291-7400

Every agency in Nassau County All counseling agencies in New York

Help in Spanish near South Valley Stream

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of South Valley Stream

In HUD’s record, no housing authority with an office in Nassau County is named for South Valley Stream or Nassau County.

11 other authorities have an office in Nassau County: see the list Source: HUD

Cities

Other cities in Nassau County

These cities are also in Nassau County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Nassau County Housing in New York
See 57 more cities in Nassau County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to South Valley Stream, with the typical home value.

Neighboring counties

If Nassau County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in South Valley Stream.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about South Valley Stream

Short answers with the numbers for South Valley Stream and all of Nassau County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in South Valley Stream?

The typical home value in South Valley Stream is $656,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Nassau County it is $684,700.

What is the FHA loan limit in South Valley Stream?

South Valley Stream uses the FHA limit for all of Nassau County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in South Valley Stream?

The typical homeowner in South Valley Stream pays $10,001 a year, according to the U.S. Census Bureau. That is 1.52% of the home’s value; in Nassau County, the rate is 1.46%.

Where can I find free help to buy or rent in South Valley Stream?

There are 3 HUD-approved counseling agencies with an office in Nassau County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).