Spring Creek, NV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Spring Creek, 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

Spring Creek Housing Market Information

With 13,422 people, 4,649 houses or apartments, and a median cost of homes of $325,035, Spring Creek house prices are not only among the most expensive in Nevada, Spring Creek real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Spring Creek, accounting for 77.37% of the town's housing units. Other types of housing that are prevalent in Spring Creek include mobile homes or trailers ( 20.46%), duplexes, homes converted to apartments or other small apartment buildings ( 1.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spring Creek. Owner-occupied housing accounts for 85.39% of Spring Creek's homes, and 79.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Spring Creek 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 Creek built between 2000 and later ( 22.54%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.86%).

Spring Creek Home Appreciation Rates

Appreciation rates for homes in Spring Creek have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.19%, which ranks in the top 50% nationwide. This equates to an annual average Spring Creek house appreciation rate of 0.22%.

Appreciation rates are so strong in Spring Creek that despite a nationwide downturn in the housing market, Spring Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Spring Creek appreciation rates continue to be some of the highest in America, at 12.85%, which is higher than appreciation rates in 98.32% 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 Creek. Spring Creek appreciation rates in the latest quarter were at 4.32%, which equates to an annual appreciation rate of 18.45%.

Importantly, this makes Spring Creek 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 Spring Creek's latest annual appreciation rate is higher than 60% of the other cities and towns in Nevada.

Average Home Values

 

Median Home Value:
$325,035

Spring Creek, NV HOME PRICES

Value Range
> $1,379,000 0.2
$1,034,001 - $1,379,000 0.0
$689,001 - $1,034,000 1.5
$551,001 - $689,000 4.8
$414,001 - $551,000 15.3
$276,001 - $414,000 32.6
$138,001 - $276,000 32.2
$69,001 - $138,000 8.7
$0 - $69,000 4.7

Very High for NV
Very High for Nation

Value Relative to Nation Value Relative to State
14.1040665651002 14.0

Number Of Homes And Apartments:
4,649

Spring Creek 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
99.34% 4.08% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,566 / per month

Homeownership Rate

Homeownership
Owners 85.39
Renters 14.61
Vacant 1.42

Housing Market Details

 

Age of Homes

AGE OF Spring Creek HOMES
2000 or Newer 22.5
1970 - 1999 73.6
1940 - 1969 3.9
1939 or Older 0.0

Types of Homes

TYPE OF Spring Creek HOMES
Single-Family 77.4
Townhomes 0.0
Small Apt. Buildings 1.7
Apt. Complexes 0.4
Mobile Homes 20.5
Other 0.0

Home Size

SIZE OF Spring Creek HOMES
No Bedroom 0.00
1 Bedroom 1.08
2 Bedrooms 9.90
3 Bedrooms 55.87
4 Bedrooms 24.02
5 or more bedrooms 9.12

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Zip Codes in Spring Creek, NV