Zip 89147 (Spring Valley, NV) Housing

The housing market in 89147 Spring Valley, NV is booming. The median value of a home in the area is $389,500, which is significantly higher than the US House Median Value of $338,100. Additionally, house appreciation over the past year was 10.62%, which is notably higher than the US 1 year House Appreciation of 8.27%. This reflects a growing demand for housing in 89147 Spring Valley and indicates further appreciation may be expected in the near future.

The median home cost in Spring Valley (zip 89147) is $389,500. Home appreciation the last 10 years has been 244.5%. Home Appreciation in Spring Valley (zip 89147) is up 21.1%.

Average Age of Homes

- The median age of Spring Valley (zip 89147) real estate is 22 years old

The Rental Market in Spring Valley (zip 89147)

- Renters make up 40.9% of the Spring Valley (zip 89147) population
- 1.9% of houses and apartments in Spring Valley (zip 89147), 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
	22,764.0	139,647,020.0
	25	42
	$389,500	$338,100
	21.1%	16.6%
	84.4%	57.0%
	244.5%	101.1%
	$5.45	$10.98
	$1,583	$2,690
	48.0%	57.4%
	7.0%	11.2%
	45.0%	31.4%
Vacant Housing
	1.9%	1.9%
	0.8%	0.4%
	0.5%	0.7%
	0.1%	0.4%
	1.7%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	1.8%	2.4%
	0.3%	2.8%
	0.3%	3.9%
	1.4%	4.5%
	5.5%	11.3%
	7.8%	13.0%
	35.8%	20.1%
	26.4%	13.6%
	11.0%	8.3%
	7.3%	9.7%
	1.3%	3.9%
	0.0%	2.2%
	0.2%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	22.0%	13.6%
	22.0%	13.6%
	44.1%	13.6%
	13.0%	13.2%
	9.5%	14.8%
	44.1%	13.6%
	0.5%	10.0%
	0.1%	4.7%
	0.1%	12.2%

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