Spring Valley appreciation rates and housing market information

Spring Valley housing market information

With 117,649 people, 52,897 houses or apartments, and a median cost of homes of $230,533, Spring Valley real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Spring Valley, accounting for 45.25% of the town's housing units. Other types of housing that are prevalent in Spring Valley include large apartment complexes or high rise apartments (33.97%), duplexes, homes converted to apartments, or other small apartment buildings (9.08%), row houses and other attached homes (8.14%), and a few mobile homes or trailers (3.49%).

People in Spring Valley primarily live in small (one, two, or no bedroom) single-family detached homes. Spring Valley has a mixture of owner-occupied and renter-occupied housing.

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 1995 and later (41.34%). A lesser amount of the housing stock also hails from 1940-1969 (1.40%), and some were built from 1939 and earlier (1.40%).

Spring Valley home appreciation rates

Spring Valley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Spring Valley during the period has been just 4.28%, which is lower than % of US communities.

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 -29.27%, 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 -1.57%, which equates to an annual appreciation rate of -6.28%.

Notably, Spring Valley's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Nevada, our data show that Spring Valley's latest annual appreciation rate is higher than 2% of the other cities and towns in Nevada.