Sun Valley, NV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sun Valley, NV Real Estate Data


Sun Valley Housing Market Information

With a population of 19,943, 6,191 total housing units (homes and apartments), and a median house value of $137,654, house prices in Sun Valley are solidly below the national average.

Mobile homes or trailers are the single most common housing type in Sun Valley, accounting for 52.77% of the town's housing units. Other types of housing that are prevalent in Sun Valley include single-family detached homes ( 42.85%), large apartment complexes or high rise apartments ( 2.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.77%).

Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Sun Valley. Owner-occupied housing accounts for 71.67% of Sun Valley's homes, and 68.29% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sun 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 Sun Valley built between 1940-1969 ( 10.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.63%). There's also some housing in Sun Valley built before 1939 ( 1.14%).

Sun Valley Home Appreciation Rates

Homes have actually lost value in Sun Valley over the last then years, as home values have seen a decline of 31.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Sun Valley home appreciation rates at 3.75%, which equates to an annual appreciation rate of 15.85%.

Appreciation rates are so strong in Sun Valley that despite a nationwide downturn in the housing market, Sun Valley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sun Valley appreciation rates continue to be some of the highest in America, at 6.11%, which is higher than appreciation rates in 75.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sun Valley. Sun Valley appreciation rates in the latest quarter were at 3.75%, which equates to an annual appreciation rate of 15.85%.

Importantly, this makes Sun 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 Sun Valley's latest annual appreciation rate is lower than 60% of the other cities and towns in Nevada.

Average Home Values

 

Median Home Value:
$137,654

Sun Valley, NV HOME PRICES

Value Range
> $1,551,000 0.2
$1,163,001 - $1,551,000 0.0
$775,001 - $1,163,000 0.0
$620,001 - $775,000 0.0
$465,001 - $620,000 0.8
$310,001 - $465,000 5.9
$155,001 - $310,000 39.6
$78,001 - $155,000 26.7
$0 - $78,000 26.9

Low for NV
Average for Nation

Value Relative to Nation Value Relative to State
56.8542484042865 78.0

Number Of Homes And Apartments:
6,191

Rent & Ownership

 

Average Market Rent:
$1,309 / per month

Homeownership Rate

Homeownership
Owners 71.67
Renters 28.33
Vacant 7.35

Housing Market Details

 

Age of Homes

AGE OF Sun Valley HOMES
2000 or Newer 6.6
1970 - 1999 81.9
1940 - 1969 10.3
1939 or Older 1.1

Types of Homes

TYPE OF Sun Valley HOMES
Single-Family 42.8
Townhomes 0.5
Small Apt. Buildings 1.8
Apt. Complexes 2.1
Mobile Homes 52.8
Other 0.0

Home Size

SIZE OF Sun Valley HOMES
No Bedroom 1.27
1 Bedroom 5.04
2 Bedrooms 22.30
3 Bedrooms 57.60
4 Bedrooms 10.69
5 or more bedrooms 3.10

Sun Valley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NV*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
39.87% 1.99% 4 5
* 10 is highest

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Zip Codes in Sun Valley, NV