Nestled in the Las Vegas township of Clark County, Nevada; Spring Valley is an unincorporated town located 2 miles west of The Strip. With a population of close to 200,000 as per the 2010 census, this ever-growing community was formed in 1981.
Previously, the land was occupied by Stardust International Raceway. Pardee Homes purchased the land and began developing this master-planned housing community. The name Spring Valley is a reference to the beautiful views of the Spring Mountain and its location in the Las Vegas Valley. Originally, the town was only 1 square mile; but now spreads 34 square miles. Spring Valley holds the majority of the Las Vegas Valley’s southwest quarter.
Living In Spring Valley
Enjoy Spring Valleys wonderful desert climate, and steady job growth. The residential atmosphere of Spring Valley is diverse and active. The median age of this town is 37 years, with 80% being over 18 and only 13% being over 65. It is equally male and female occupied. Although the predominant ethnic group is white; you’ll find Latins, African Americans, Asians, and Hawaiians.
The average commute time is 22 minutes, where most travelers drove alone. However, walking is also a popular method of getting around. Carpools and public transportation are also available. This is a community for families, offering many education opportunities. You can choose from a variety of local preschools, elementary, middle, and high schools; both public and private.
Employment rates are 95%, and there is a multitude of active industries in Spring Valley. This is a place where everyone can find their niche!
Things To Do In Spring Valley
There is always something to pass the time in this wonderful town. Spring Valley offers many special events, artistic opportunities, educational pastimes, and explorative activities! This Nevada town is largely active, so outdoor excursions are popular and well appreciated. The town is hugged by canyons, creeks, and springs. Enjoy tours, aquariums, botanical gardens, and conservatories.
Located so close to the Lasa Vegas strip, you can also enjoy all that this world-famous destination has to offer- from high class shopping, amusement parks, casinos, entertainment and shows, and wonderful restaurants. Get the best of both worlds, residential and city!
Real Estate in Spring Valley
The median home price in this lovely town is $170,700, and the median rental price for a single bedroom is $1050. However, there is a healthy range of available property values depending on your needs. The median property tax is $1419. The real estate market is facing rising home prices due to an increased demand for settling in this iconic atmosphere.
Within the last ten years, Spring Valley has seen a home appreciation of about 15%. This steady growth reveals that it’s a good time to buy- with an additional appreciation raise of 15% in the last year.
If you’re interested in selling real estate or settling as a buyer or seller, get in touch with us! We’d love to help you.