Spring Valley, Las Vegas, NV—89103

As of July '25, Rentcast reports the average rent in Spring Valley, Las Vegas, NV is $1,910, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Spring Valley, Las Vegas, NV is studios: $2,370, 1-bedrooms: $1,390, 2-bedrooms: $1,990, 3-bedrooms: $2,020, 4-bedrooms: $2,610. The most common rental property sizes in Spring Valley, Las Vegas, NV are 2-bedroom and 1-bedroom, accounting for 48.2% and 30.6% of the rental stock.

As of the latest ACS Survey released in 2023, Spring Valley, Las Vegas, NV has a population of 49,500, which has decreased by -5.0% over the past 5 years. Spring Valley, Las Vegas, NV is a moderately popular place for families, as children make up 18.3% of the population. The area has a poorly educated workforce, with 20.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.

As of the latest ACS Survey released in 2023, Spring Valley, Las Vegas, NV is a predominantly hispanic area, with 36.6% of the population identifying as hispanic. The hispanic population has remained stable in the last 5 years. The second most common race or ethnicity in Spring Valley, Las Vegas, NV is white, making up 29.2% of the population. Foreign-born residents account for 35.1% of the population in Spring Valley, Las Vegas, NV, and this percentage has decreased by 5.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

As of 2024, the percent of homes in Spring Valley, Las Vegas, NV under the Section 8 program is 0.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Spring Valley, Las Vegas, NV, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.