Spring Valley, CA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Spring Valley, CA Housing Market Trends

With a population of 29,289, 9,951 total housing units (homes and apartments), and a median house value of $560,412, 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 56.86% of the town's housing units. Other types of housing that are prevalent in Spring Valley include large apartment complexes or high rise apartments ( 17.28%), row houses and other attached homes ( 10.12%), and a few mobile homes or trailers ( 9.15%).

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 58.71% owning and 41.29% 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 ( 30.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.32%). There's also some housing in Spring Valley built before 1939 ( 1.45%).

Spring Valley Home Appreciation Rates

In the last 10 years, Spring Valley has experienced some of the highest home appreciation rates of any community in the nation. Spring Valley real estate appreciated 82.44% over the last ten years, which is an average annual home appreciation rate of 6.20%, putting Spring Valley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Spring 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, Spring Valley's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, Spring Valley's appreciation rate has been 1.82%, which annualizes to a rate of 7.49%.

Relative to California, our data show that Spring Valley's latest annual appreciation rate is higher than 70% 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.

Average Home Values

 

Median Home Value:
$560,412

Spring Valley, CA HOME PRICES

> $1,202,000
0.7%
0.7%
$901,001 - $1,202,000
2.6%
2.6%
$601,001 - $901,000
35.3%
35.3%
$481,001 - $601,000
28.2%
28.2%
$360,001 - $481,000
15.2%
15.2%
$240,001 - $360,000
6.0%
6.0%
$120,001 - $240,000
2.5%
2.5%
$60,001 - $120,000
2.8%
2.8%
$0 - $60,000
6.8%
6.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
9,951

Spring Valley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
137.06% 4.20%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,362 / per month

Homeownership Rate

Owners
58.7%
58.7%
Renters
41.3%
41.3%
Vacant
4.2%
4.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.3%
9.3%
1970 - 1999
58.7%
58.7%
1940 - 1969
30.5%
30.5%
1939 or Older
1.5%
1.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
56.9%
56.9%
Townhomes
10.1%
10.1%
Small Apt. Buildings
6.6%
6.6%
Apt. Complexes
17.3%
17.3%
Mobile Homes
9.2%
9.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
4.0%
4.0%
2 Bedrooms
33.4%
33.4%
3 Bedrooms
40.3%
40.3%
4 Bedrooms
18.2%
18.2%
5 or more bedrooms
3.0%
3.0%
0.0% 100.0%
% OF HOMES