Amargosa Valley, NV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Amargosa Valley Neighborhoods Since 2000




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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Amargosa Valley Housing Market Information

With 2,405 people, 784 houses or apartments, and a median cost of homes of $77,197, 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 68.61% of the town's housing units. Other types of housing that are prevalent in Amargosa Valley include single-family detached homes ( 22.27%), large apartment complexes or high rise apartments ( 6.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.75%).

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 ( 28.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.10%). There's also some housing in Amargosa Valley built before 1939 ( 7.00%).

Vacant housing appears to be an issue in Amargosa Valley. Fully 38.24% 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

Homes have actually lost value in Amargosa Valley over the last then years, as home values have seen a decline of 24.94% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Amargosa Valley home appreciation rates at 4.32%, which equates to an annual appreciation rate of 18.45%.

Appreciation rates are so strong in Amargosa Valley that despite a nationwide downturn in the housing market, Amargosa Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Amargosa Valley appreciation rates continue to be some of the highest in America, at 12.56%, which is higher than appreciation rates in 98.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Amargosa Valley. Amargosa Valley appreciation rates in the latest quarter were at 4.32%, which equates to an annual appreciation rate of 18.45%.

Importantly, this makes Amargosa 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 Nevada, our data show that Amargosa Valley's latest annual appreciation rate is higher than 50% of the other cities and towns in Nevada.

Average Home Values

 

Median Home Value:
$77,197

Amargosa Valley, NV HOME PRICES

Value Range
> $1,256,000 9.1
$942,001 - $1,256,000 2.9
$628,001 - $942,000 0.0
$503,001 - $628,000 0.0
$377,001 - $503,000 1.5
$251,001 - $377,000 5.1
$126,001 - $251,000 14.2
$63,001 - $126,000 41.7
$0 - $63,000 25.4

Very Low for NV
Very Low for Nation

Value Relative to Nation Value Relative to State
92.1598499941404 100.0

Number Of Homes And Apartments:
784

Amargosa Valley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NV*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
20.28% 1.08% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$664 / per month

Homeownership Rate

Homeownership
Owners 47.01
Renters 52.99
Vacant 38.24

Housing Market Details

 

Age of Homes

AGE OF Amargosa Valley HOMES
2000 or Newer 8.1
1970 - 1999 56.5
1940 - 1969 28.4
1939 or Older 7.0

Types of Homes

TYPE OF Amargosa Valley HOMES
Single-Family 22.3
Townhomes 0.0
Small Apt. Buildings 2.8
Apt. Complexes 6.4
Mobile Homes 68.6
Other 0.0

Home Size

SIZE OF Amargosa Valley HOMES
No Bedroom 2.12
1 Bedroom 18.88
2 Bedrooms 35.09
3 Bedrooms 32.97
4 Bedrooms 5.90
5 or more bedrooms 5.04

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