Crescent Valley appreciation rates and housing market information

Crescent Valley housing market information

With 487 people, 331 houses or apartments, and a median cost of homes of $120,301, house prices in Crescent Valley are solidly below the national average.

mobile homes or trailers are the single most common housing type in Crescent Valley, accounting for 58.61% of the town's housing units. Other types of housing that are prevalent in Crescent Valley include single-family detached homes (32.63%), duplexes, homes converted to apartments, or other small apartment buildings (3.32%), and a few row houses and other attached homes (1.81%).

Dwellings in Crescent Valley tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 55.59% of the homes in Crescent Valley have two or fewer bedrooms.

There is a lot of housing in Crescent 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 Crescent Valley built from 1940-1969 (20.85%). A lesser amount of the housing stock also hails from 1995 and later (15.71%), and some were built from 1939 and earlier (15.71%).

Vacant housing appears to be an issue in Crescent Valley. Fully 35.04% of the housing stock is classified as vacant. Left unchecked, vacant Crescent Valley homes and apartments can be a drag on the real estate market, holding Crescent Valley real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Crescent Valley home appreciation rates

In the last 10 years, Crescent Valley has experienced some of the highest home appreciation rates of any community in the nation. Crescent Valley real estate appreciated 180.63% over the last ten years, which is an average annual home appreciation rate of 18.06%, putting Crescent Valley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Crescent Valley definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Crescent Valley home appreciation rates, at 0.48%, have been at or slightly above the national average. In the latest quarter, Crescent Valley's appreciation rate has been 0.96%, which annualizes to a rate of 3.84%.

Relative to Nevada, our data show that Crescent Valley's latest annual appreciation rate is higher than 95% of the other cities and towns in Nevada.