The housing market in Spring Valley, NV (89118) is thriving. The median value of homes here is $322,800, which is slightly lower than the US median value of $338,100. However, the 1 year house appreciation rate in Spring Valley is much higher than the US with 10.62% compared to 8.27%. This indicates that this area has strong potential for growth and investment in housing.
The median home cost in Spring Valley (zip 89118) is $322,800. Home appreciation the last 10 years has been 244.5%. Home Appreciation in Spring Valley (zip 89118) is up 21.1%.
Average Age of Homes
- The median age of Spring Valley (zip 89118) real estate is 23 years old
The Rental Market in Spring Valley (zip 89118)
- Renters make up 53.2% of the Spring Valley (zip 89118) population
- 3.2% of houses and apartments in Spring Valley (zip 89118), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.