Amargosa Valley NV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Amargosa Valley, NV Real Estate Data

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 Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Amargosa Valley Housing Market Information

With 2,567 people, 839 houses or apartments, and a median cost of homes of $91,142, house prices in Amargosa Valley are some of the most affordable in Nevada as well as the nation.

Mobile homes or trailers are the single most common housing type in Amargosa Valley, accounting for 68.71% of the town's housing units. Other types of housing that are prevalent in Amargosa Valley include single-family detached homes ( 19.25%), large apartment complexes or high rise apartments ( 7.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.40%).

People in Amargosa Valley primarily live in small (one, two or no bedroom) mobile homes or trailers. Amargosa Valley has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Amargosa 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 Amargosa Valley built between 1940-1969 ( 21.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.95%).

Vacant housing appears to be an issue in Amargosa Valley. Fully 30.37% of the housing stock is classified as vacant. Left unchecked, vacant Amargosa Valley homes and apartments can be a drag on the real estate market, holding Amargosa 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.

Amargosa Valley Home Appreciation Rates

Appreciation rates for homes in Amargosa 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 41.56%, which ranks in the top 30% nationwide. This equates to an annual average Amargosa Valley house appreciation rate of 3.54%.

NeighborhoodScout's data show that during the latest twelve months, Amargosa Valley's appreciation rate, at 5.67%, has been at or slightly above the national average. In the latest quarter, Amargosa Valley's appreciation rate has been 0.10%, which annualizes to a rate of 0.40%.

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

Relative to Nevada, our data show that Amargosa Valley's latest annual appreciation rate is higher than 70% of the other cities and towns in Nevada.

Average Home Values

 

Median Home Value:
$91,142

Amargosa Valley, NV HOME PRICES

Value Range
> $1,182,000 8.0
$886,001 - $1,182,000 3.0
$591,001 - $886,000 0.0
$472,001 - $591,000 0.0
$354,001 - $472,000 5.6
$236,001 - $354,000 3.4
$118,001 - $236,000 11.7
$59,001 - $118,000 38.5
$0 - $59,000 29.9

Very Low for NV
Very Low for Nation

Value Relative to Nation Value Relative to State
89.9211678832117 96.0

Number Of Homes And Apartments:
839

Amargosa Valley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NV*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
49.26% 2.00%
2
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$871 / per month

Homeownership Rate

Homeownership
Owners 45.17
Renters 54.83
Vacant 30.37

Housing Market Details

 

Age of Homes

AGE OF Amargosa Valley HOMES
2000 or Newer 12.0
1970 - 1999 66.4
1940 - 1969 21.7
1939 or Older 0.0

Types of Homes

TYPE OF Amargosa Valley HOMES
Single-Family 19.3
Townhomes 0.0
Small Apt. Buildings 4.4
Apt. Complexes 7.6
Mobile Homes 68.7
Other 0.0

Home Size

SIZE OF Amargosa Valley HOMES
No Bedroom 7.63
1 Bedroom 23.82
2 Bedrooms 29.63
3 Bedrooms 32.86
4 Bedrooms 2.99
5 or more bedrooms 3.07

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Zip Codes in Amargosa Valley, NV