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.