Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 29,289 people, 9,497 houses or apartments, and a median cost of homes of $483,949, 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 59.97% of the town's housing units. Other types of housing that are prevalent in Spring Valley include large apartment complexes or high rise apartments ( 17.26%), mobile homes or trailers ( 8.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.26%).
The most prevalent building size and type in Spring Valley are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.32% owning and 40.68% renting.
There is a lot of housing in Spring Valley built from 1970 to 1999 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 between 1940-1969 ( 29.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.01%). There's also some housing in Spring Valley built before 1939 ( 1.82%).
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 -0.84%, which is lower than 70% of US communities.
Appreciation rates are so strong in Spring Valley that despite a nationwide downturn in the housing market, Spring Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Spring Valley appreciation rates continue to be some of the highest in America, at 6.83%, which is higher than appreciation rates in 80.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Spring Valley. Spring Valley appreciation rates in the latest quarter were at 1.68%, which equates to an annual appreciation rate of 6.89%.
Importantly, this makes Spring Valley one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Spring Valley's latest annual appreciation rate is lower than 60% 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 2000, to assist you in making the best Spring Valley real estate investment or home purchase decisions.
|$989,001 - $1,319,000||0.8|
|$660,001 - $989,000||13.6|
|$528,001 - $660,000||24.5|
|$396,001 - $528,000||28.4|
|$264,001 - $396,000||15.2|
|$132,001 - $264,000||7.2|
|$66,001 - $132,000||4.0|
|$0 - $66,000||6.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Spring Valley HOMES|
|2000 or Newer||8.0|
|1970 - 1999||60.4|
|1940 - 1969||29.7|
|1939 or Older||1.8|
|TYPE OF Spring Valley HOMES|
|Small Apt. Buildings||7.3|
|SIZE OF Spring Valley HOMES|
|5 or more bedrooms||3.59|