Spring Valley, Nevada Housing Market Prices
Spring Valley Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 6% above the Nevada median$378,472
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Median rent 9% above the Nevada median$1,740
Housing Market Overview
| Metric | Spring Valley | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $378,472 | $357,758 | $248,835 |
| Price Trend (Annual %) | 9.3% | 9.4% | 7.5% |
| Median Gross Rent | $1,740 | $1,597 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Spring Valley is about 6% higher than in Nevada. Rent is about 9% higher than the Nevada average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Spring Valley, up about 9.3% and 6.3% a year respectively. Home prices are changing faster.
Median rent in Spring Valley rose about 64.9% between 2015 and 2024, from $1,055 to $1,740. Over the same span, rent in Nevada rose about 64.3%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Spring Valley.
Buying the median-priced home in Spring Valley costs roughly 18.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Spring Valley. The price-to-rent ratio in Nevada is about 18.7.
| Metric | Spring Valley | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $378,472 | $357,758 | $248,835 |
| Median Household Income | $74,098 | $78,637 | $80,455 |
| Price-to-Income Ratio | 5.1 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Spring Valley rose about 157.3%, while median household income rose about 23.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Spring Valley | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.5% | 54.4% | 58.5% |
| Rental Rate | 45.9% | 36.3% | 31.2% |
| Vacancy Rate | 7.7% | 9.3% | 10.2% |
| Median Tenure (years) | 10.0 | 12.0 | 15.0 |
| Median Year Moved In | 2016 | 2014 | 2011 |
Spring Valley has a homeownership rate of 46.5%, lower than the Nevada average of 54.4%. Its housing vacancy rate is 7.7%, compared with 9.3% in Nevada.
Housing Stock
| Metric | Spring Valley | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1998 | 1993 | 1978 |
| Median Number of Rooms | 5.0 | 5.3 | 5.5 |
The typical housing unit in Spring Valley was built around 1998. On average, 2.5 people live in a home with about 5.0 rooms, staying for about 10.0 years on average.
Spring Valley, NV Housing Compared With Nearby Cities
Spring Valley, NV is the 3rd largest of the 6 cities compared here, 217,800 residents against a local median of 186,450. Nothing separates Spring Valley, NV sharply from the cities around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is median rent, 11% above the local median at $1,740 against $1,563. Spring Valley, NV has the 3rd highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Spring Valley, NV | 217,800 | $378,472 #3/6 | $1,740 #3/6 | 50.3% #4/6 |
| Summerlin South, NV | 29,809 | $625,000 | $2,507 | 69.3% |
| Enterprise, NV | 221,670 | $460,793 | $1,911 | 62.1% |
| Paradise, NV | 186,450 | $316,809 | $1,367 | 41.1% |
| Winchester, NV | 36,180 | $250,924 | $1,220 | 33.0% |
| Las Vegas, NV | 628,856 | $363,283 | $1,563 | 56.2% |
Frequently Asked Questions
Common questions about the housing market in Spring Valley, Nevada.
What is the median home price in Spring Valley, Nevada?
The median home price in Spring Valley, Nevada is $378,472, higher than the Nevada average of $357,758.
What is the average home price in Spring Valley, Nevada?
The typical home price in Spring Valley, Nevada, reported as the median sale price, is $378,472. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Spring Valley, Nevada?
The median gross rent in Spring Valley, Nevada is $1,740 per month, higher than the Nevada average of $1,597.
What was the median gross rent in Spring Valley in 2020?
In 2020, the median gross rent in Spring Valley, Nevada was $1,239 per month.
What is the price-to-rent ratio in Spring Valley, Nevada?
The price-to-rent ratio in Spring Valley, Nevada is about 18.1, meaning it would take roughly 18.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Spring Valley.
Are home prices or rent rising faster in Spring Valley, Nevada?
Both home prices and rent are rising in Spring Valley, up about 9.3% and 6.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Spring Valley, Nevada?
46.5% of households in Spring Valley, Nevada own their home, lower than the Nevada average of 54.4%.
What is the vacancy rate in Spring Valley, Nevada?
The housing vacancy rate in Spring Valley, Nevada is 7.7%, lower than the Nevada average of 9.3%.
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