Home prices
The cost of the median home in Spring Valley is $262,000. It is about $43,460 (14%) lower compared to its surrounding areas.It is approximately $44,500 (20%) higher in comparison to the nation as a whole, and is roughly $3,400 (1%) higher in comparison to the city of Las Vegas.
Rents
Spring Valley's median monthly rent is $1,191. It is roughly $35 (2%) lower compared to its surrounding areas.It is about $129 (12%) higher compared to the US as a whole, and compared to the city of Las Vegas is roughly $89 (8%) higher.
Nearby places
Summerlin South
Summerlin South is Spring Valley's neighbor to the northwest. The housing prices there are a lot more expensive. Summerlin South's median home price is $426,400, which is $164,400 (38%) higher than Spring Valley. Its rents are significantly more expensive. The median monthly rent in Summerlin South is $1,800, which is $609 (33%) higher than Spring Valley.
Enterprise
Enterprise is Spring Valley's neighbor to the south. Its housing prices are somewhat more expensive. The value of the median home in Enterprise is $315,300, which comes out to $53,300 (16%) higher than Spring Valley. The rent there is somewhat more expensive. Enterprise's median rent is $1,434 per month, which works out to $243 (16%) higher than Spring Valley.
Paradise
Paradise is Spring Valley's neighbor to the east. The housing prices there are somewhat less expensive. The price of the median home in Paradise is $239,400, which comes out to $22,600 (9%) lower than Spring Valley. Its rents are a little less expensive. In Paradise the median rent is $978 a month, which is $213 (21%) lower than Spring Valley.
Winchester
Winchester is about 6 miles northeast from Spring Valley. The housing prices there are significantly less expensive. The median home in Winchester is valued at $162,400, which is $99,600 (61%) lower than Spring Valley. The rent there is a little less expensive. The median rent in Winchester is $933 a month, which comes out to $258 (27%) lower than Spring Valley.
Blue Diamond
Blue Diamond is about 8 miles southwest from Spring Valley. Real estate prices there are a little more expensive. The cost of the median home in Blue Diamond is $383,800, which comes out to $121,800 (31%) higher than Spring Valley. Rent there is a little less expensive. The median rent in Blue Diamond is $987 a month, which comes out to $204 (20%) lower than Spring Valley.
