Spring Valley appreciation rates and housing market information

Spring Valley housing market information

With a population of 26,643, 9,368 total housing units (homes and apartments), and a median house value of $359,240, real estate costs in Spring Valley are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

single-family detached homes are the single most common housing type in Spring Valley, accounting for 57.70% of the town's housing units. Other types of housing that are prevalent in Spring Valley include large apartment complexes or high rise apartments (16.86%), row houses and other attached homes (10.11%), mobile homes or trailers (9.90%), and a few duplexes, homes converted to apartments, or other small apartment buildings (5.36%).

The most prevalent building size and type in Spring Valley are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 63.63% owning, and 34.63% renting.

There is a lot of housing in Spring Valley built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Spring Valley built from 1940-1969 (34.79%). A lesser amount of the housing stock also hails from 1995 and later (3.71%), and some were built from 1939 and earlier (3.71%).

Spring Valley home appreciation rates

Appreciation rates for homes in Spring Valley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.38%, which ranks in the top 20% nationwide. This equates to an annual average Spring Valley house appreciation rate of 10.63%.

Over the last year, Spring Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Spring Valley's appreciation rate has been -13.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Spring Valley were at 0.24%, which equates to an annual appreciation rate of 0.96%.

Relative to California, our data show that Spring Valley's latest annual appreciation rate is higher than 65% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Spring Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Spring Valley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Spring Valley real estate investment or home purchase decisions.