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Real Estate Prices & Overview

Spring Valley median real estate price is $327,330, which is less expensive than 68.9% of Nevada neighborhoods and 49.4% of all U.S. neighborhoods.

The average rental price in Spring Valley is currently $2,766, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 63.6% of the neighborhoods in Nevada.

Spring Valley is an urban neighborhood (based on population density) located in Las Vegas, Nevada.

Spring Valley real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Spring Valley neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Spring Valley are 4.2%, which is lower than one will find in 73.4% of American neighborhoods. Demand for real estate in Spring Valley is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Occupations

There are more people living in the Spring Valley neighborhood employed as sales and service workers (42.3%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Spring Valley stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 97.3% of the residential real estate here was built in this one time period.

People

With a nice mix of college students, safety from crime, and decent walkability, the Spring Valley neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 87.7% of the neighborhoods in NV. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Diversity

Significantly, 3.7% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 96.8% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Spring Valley neighborhood in Las Vegas are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 66.4% of U.S. neighborhoods. With 25.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 75.4% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Spring Valley neighborhood, 57.7% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 15.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (15.5%), and 11.3% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Spring Valley neighborhood is English, spoken by 51.1% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region) and Chinese.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Spring Valley neighborhood in Las Vegas, NV, residents most commonly identify their ethnicity or ancestry as Mexican (35.3%). There are also a number of people of Asian ancestry (9.1%), and residents who report English roots (5.4%), and some of the residents are also of Irish ancestry (4.6%), along with some German ancestry residents (4.4%), among others. In addition, 29.3% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Spring Valley neighborhood spend between 15 and 30 minutes commuting one-way to work (58.6% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (68.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (19.5%) and 8.3% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


Real Estate includes:
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Economics & Demographics include:
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Commute To Work
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Race & Ethnic Diversity
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Crime includes:
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Schools include:
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