Zip 89118 (Spring Valley, NV) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Spring Valley, Nevada	United States
	10,031.0	139,647,020.0
	26	42
	$322,800	$338,100
	21.1%	16.6%
	84.4%	57.0%
	244.5%	101.1%
	$5.64	$10.98
	$1,799	$2,690
	36.9%	57.4%
	12.9%	11.2%
	50.2%	31.4%
Vacant Housing
	3.2%	1.9%
	2.6%	0.4%
	0.2%	0.7%
	1.0%	0.4%
	4.4%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.2%	2.4%
	0.0%	2.8%
	0.2%	3.9%
	0.3%	4.5%
	8.0%	11.3%
	10.8%	13.0%
	26.4%	20.1%
	15.6%	13.6%
	12.6%	8.3%
	16.3%	9.7%
	7.0%	3.9%
	0.7%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	18.9%	13.6%
	18.9%	13.6%
	44.9%	13.6%
	13.9%	13.2%
	10.4%	14.8%
	44.9%	13.6%
	0.1%	10.0%
	0.8%	4.7%
	0.2%	12.2%

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