Spring Valley, Las Vegas, NV—89147
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Spring Valley, Las Vegas, NV
As of Oct '25, the median home price in Spring Valley, Las Vegas, NV is $416,000, with a year-over-year change of -1.6%. This indicates that home prices in Spring Valley, Las Vegas, NV are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $416,000 | -1.6% |
| Single Family | $437,000 | -2.2% |
| Condos | $247,000 | -6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $203,000 | -6.5% |
2 Bed | $293,000 | -3.6% |
3 Bed | $408,000 | -2.2% |
4 Bed | $494,000 | -1.8% |
| 5 Bed | $612,000 | -1.3% |
% of Housing Stock
Rental Trends — Spring Valley, Las Vegas, NV
As of July '25, Rentcast reports the average rent in Spring Valley, Las Vegas, NV is $2,160, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Spring Valley, Las Vegas, NV is studios: $1,480, 1-bedrooms: $1,380, 2-bedrooms: $1,660, 3-bedrooms: $2,160, 4-bedrooms: $2,650. The most common rental property sizes in Spring Valley, Las Vegas, NV are 2-bedroom and 3-bedroom, accounting for 34.0% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,160 |
| Studio Rent | $1,300 | $1,480 |
| 1 Bed Rent | $1,350 | $1,380 |
| 2 Bed Rent | $1,600 | $1,660 |
| 3 Bed Rent | $2,000 | $2,160 |
| 4 Bed Rent | $2,450 | $2,650 |
% of Rental Stock
Property Listings — Spring Valley, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Spring Valley, Las Vegas, NV is 56. This is a increase of 29.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | 1.0% |
Listing Count | 230 | 24.0% |
| Listings as % of Homes | 0.7% | 24.0% |
Days on Market | 56 | 29.0% |
Demographics — Spring Valley, Las Vegas, NV
As of the latest ACS Survey released in 2023, Spring Valley, Las Vegas, NV has a population of 56,100, which has increased by 5.6% over the past 5 years. Spring Valley, Las Vegas, NV is a moderately popular place for families, as children make up 19.2% of the population. The area has a moderately educated workforce, with 29.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 56,100 | 5.6% |
% Under 18 | 19.2% | 0.5% |
% Seniors | 15.8% | 3.9% |
% WFH | 10.9% | 230.3% |
% w/ College Degree | 29.0% | 41.5% |
As of the latest ACS Survey released in 2023, Spring Valley, Las Vegas, NV is a predominantly white area, with 35.1% of the population identifying as white. The white population has shrunk by 14.8% in the last 5 years. The second most common race or ethnicity in Spring Valley, Las Vegas, NV is hispanic, making up 24.1% of the population. Foreign-born residents account for 28.1% of the population in Spring Valley, Las Vegas, NV, and this percentage has decreased by 9.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 35.1% | -14.8% |
% Black | 14.6% | 15.0% |
% Hispanic | 24.1% | 14.2% |
% Asian | 20.0% | 4.7% |
% Foreign Born | 28.1% | -9.6% |
Mortgage and Risk — Spring Valley, Las Vegas, NV
According to HUD data as of 2023, there were 78 mortgage originations in Spring Valley, Las Vegas, NV, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Spring Valley, Las Vegas, NV. Investor activity is low, as 3.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 78 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Spring Valley, Las Vegas, NV
As of 2024, the percent of homes in Spring Valley, Las Vegas, NV under the Section 8 program is 1.7%. 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.
Section 8 Market Size
Total Units under HUD | 182 |
Total Units Section 8 | 180 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,350 | $1,690 |
| 2 Bedroom | $400 | $1,600 | $2,000 |
| 3 Bedroom | $800 | $2,000 | $2,800 |
| 4 Bedroom | $800 | $2,450 | $3,250 |
Affordability — Spring Valley, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $416,000 |
| Median Household Income | $73,000 |