Living here
Cost of living in Spring Valley
Housing is more expensive than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$1,642/mo
22% above US
Median home value
$407,900
34% above US
Median household income
$72,364
8% below US
Rent as share of income
27%
US 21%
Home price to income
5.6×
US 3.9×
Sales tax
8.375%
Rent by number of bedrooms
HUD 2027 fair market rents for Las Vegas-Henderson-North Las Vegas, NV MSA (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How Spring Valley compares
- Spring Valley$1,642
- Nevada$1,489
- United States$1,348
- Las Vegas$1,456
- North Las Vegas$1,605
- Sunrise Manor$1,284
- Spring Valley$407,900
- Nevada$406,100
- United States$303,400
- Las Vegas$395,300
- North Las Vegas$372,300
- Sunrise Manor$290,900
Taxes
Compare with nearby cities
Life in Spring Valley
Questions
Is Spring Valley expensive to live in?
Housing in Spring Valley is more expensive than the national average: median rent is $1,642 (22% above US) and the median home value is $407,900 (34% above US).
How much is rent in Spring Valley?
The median gross rent is $1,642 a month. HUD’s 2027 fair market rents for the area are studio $1,310, 1 bedroom $1,435, 2 bedrooms $1,686, 3 bedrooms $2,317, 4 bedrooms $2,652.
How much of their income do renters spend in Spring Valley?
At the median, a year’s rent ($19,704) equals about 27% of the median household income ($72,364); nationally it’s about 21%.
What are taxes like in Spring Valley?
Sales tax is 8.375% and property taxes run about 0.51% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; Nevada Department of Taxation, Components of Sales and Use Tax Rates (Clark County 8.375% rate sheet, effective 1/1/2020).