Spring Valley, NV housing market
Homes typically sell in 51 days, below asking.
Home values, sales, trends and how Spring Valley compares with the towns next door — updated as new data is published.
Spring Valley at a glance
A balanced market
About 4 months of supply: neither buyers nor sellers have a clear edge.
Home prices up 51% in 5 years
The federal house price index for the ZIP codes around Spring Valley rose 51% over the past 5 years, about the same as across Nevada. Last year prices fell 1%. Carrying the Census median home value forward with that index puts the typical Spring Valley home at roughly $705,000 today.
Show as a table
| Year | Change that year | Since 2000 | Nevada since 2000 |
|---|---|---|---|
| 2025 | −1% | +195% | +205% |
| 2024 | +11% | +198% | +198% |
| 2023 | −1.3% | +169% | +182% |
| 2022 | +21% | +173% | +181% |
| 2021 | +15% | +125% | +138% |
| 2020 | +2.4% | +96% | +105% |
| 2019 | +5.4% | +91% | +99% |
| 2018 | +12% | +82% | +87% |
| 2017 | +9.8% | +62% | +66% |
| 2016 | +6.6% | +47% | +51% |
| 2015 | +6.9% | +38% | +38% |
| 2014 | +19% | +29% | +26% |
| 2013 | +18% | +8.9% | +6.5% |
| 2012 | +0.5% | −7.7% | −7.8% |
| 2011 | −9.3% | −8.1% | −6.5% |
| 2010 | −9.3% | +1.4% | +7.3% |
| 2009 | −28% | +12% | +25% |
| 2008 | −24% | +56% | +62% |
| 2007 | −5% | +105% | +99% |
| 2006 | +7.5% | +115% | +107% |
| 2005 | +24% | +101% | +91% |
| 2004 | +35% | +62% | +53% |
| 2003 | +6.2% | +20% | +20% |
| 2002 | +6.7% | +13% | +13% |
| 2001 | +5.7% | +5.7% | +6.2% |
| 2000 | — | — | — |
How Spring Valley ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 89148, 89147, 89113, 89118, 89103, 89117 and 1 more, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Spring Valley and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Spring Valley | — | −1%† | $1,930 | — | $74,511 |
| Enterprise | — | −1.7%† | $2,100 | — | $98,462 |
| Las Vegas | $419K | −3% | $1,930 | 2,329 | $73,877 |
| Summerlin South | — | — | $2,590 | — | $117,035 |
| Paradise | — | +2.5%† | $1,680 | — | $59,190 |
† FHFA price index change, where Zillow has no home value for the town.
5.8 years of income
The typical Spring Valley home costs about 5.8 years of the town's median household income, about the same as across Nevada (5.6).
How Spring Valley ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,930
HUD's Fair Market Rent for a two-bedroom in Spring Valley is $1,930 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Spring Valley pay a median of $1,743, so moving in tends to cost more than staying put. A two-bedroom takes about 31% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,480 · 4 bedrooms $3,070
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (89103, 89113, 89117, 89118, 89146, 89147 and 1 more; Las Vegas-Henderson-North Las Vegas, NV MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Spring Valley
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.