Sun Valley, Nevada Housing Market Prices
Sun 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 3% below the Nevada median$346,012
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Median rent 19% below the Nevada median$1,286
Housing Market Overview
| Metric | Sun Valley | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $346,012 | $357,758 | $248,835 |
| Price Trend (Annual %) | 23.2% | 9.4% | 7.5% |
| Median Gross Rent | $1,286 | $1,597 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sun Valley is about 3% lower than in Nevada. Rent is about 19% lower than the Nevada average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sun Valley, up about 23.2% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Sun Valley rose about 41.6% between 2015 and 2024, from $908 to $1,286. Over the same span, rent in Nevada rose about 64.3%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Sun Valley.
Buying the median-priced home in Sun Valley costs roughly 22.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Sun Valley. The price-to-rent ratio in Nevada is about 18.7.
| Metric | Sun Valley | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $346,012 | $357,758 | $248,835 |
| Median Household Income | $76,855 | $78,637 | $80,455 |
| Price-to-Income Ratio | 4.5 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sun Valley rose about 432.3%, while median household income rose about 43.5% 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 | Sun Valley | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.7% | 54.4% | 58.5% |
| Rental Rate | 26.4% | 36.3% | 31.2% |
| Vacancy Rate | 3.9% | 9.3% | 10.2% |
| Median Tenure (years) | 14.0 | 12.0 | 15.0 |
| Median Year Moved In | 2012 | 2014 | 2011 |
Sun Valley has a homeownership rate of 69.7%, higher than the Nevada average of 54.4%. Its housing vacancy rate is 3.9%, compared with 9.3% in Nevada.
Housing Stock
| Metric | Sun Valley | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.17 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1987 | 1993 | 1978 |
| Median Number of Rooms | 5.4 | 5.3 | 5.5 |
The typical housing unit in Sun Valley was built around 1987. On average, 3.2 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Sun Valley, NV Housing Compared With Nearby Cities
How Sun Valley, NV compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sun Valley, NV | 21,618 | $346,012 #3/3 | $1,286 #3/3 | 72.5% #1/3 |
| Sparks, NV | 103,031 | $368,076 | $1,717 | 60.8% |
| Reno, NV | 252,492 | $448,532 | $1,527 | 48.8% |
Frequently Asked Questions
Common questions about the housing market in Sun Valley, Nevada.
What is the median home price in Sun Valley, Nevada?
The median home price in Sun Valley, Nevada is $346,012, lower than the Nevada average of $357,758.
What is the average home price in Sun Valley, Nevada?
The typical home price in Sun Valley, Nevada, reported as the median sale price, is $346,012. 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 Sun Valley, Nevada?
The median gross rent in Sun Valley, Nevada is $1,286 per month, lower than the Nevada average of $1,597.
What was the median gross rent in Sun Valley in 2020?
In 2020, the median gross rent in Sun Valley, Nevada was $985 per month.
What is the price-to-rent ratio in Sun Valley, Nevada?
The price-to-rent ratio in Sun Valley, Nevada is about 22.4, meaning it would take roughly 22.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Sun Valley.
Are home prices or rent rising faster in Sun Valley, Nevada?
Both home prices and rent are rising in Sun Valley, up about 23.2% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sun Valley, Nevada?
69.7% of households in Sun Valley, Nevada own their home, higher than the Nevada average of 54.4%.
What is the vacancy rate in Sun Valley, Nevada?
The housing vacancy rate in Sun Valley, Nevada is 3.9%, lower than the Nevada average of 9.3%.
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