Total monthly cost of ownership
Cost to Own a Home in Spring Valley, Nevada
A $408,000 home here costs
$3,030per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $130,000 a year.
A standard mortgage calculator would have told you $2,260. The real number is $770 higher every month, 34% more than the payment most buyers budget for.
Compare Clark County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Spring Valley against Clark County and Nevada
| Measure | Spring Valley | Clark County |
|---|---|---|
| Median home value | $407,900 | $400,800 |
| Median property tax | $2,062 | $1,990 |
| Effective tax rate | 0.506% | 0.497% |
| Median gross rent | $1,642 | $1,518 |
| Population | 219,913 | 2,293,764 |
The weather behind that power bill
Spring Valley sits in Clark County, which averages a high of 103.8°F in its hottest month and a low of 38.0°F in its coldest, with 3.99" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 3,407 cooling and 1,992 heating degree days, which is what sets the $119 electricity line above.
See the full climate breakdown for Clark County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clark County
Talk to someone who works this market
These are Spring Valley averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Spring Valley every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Spring Valley I already own here and may sell
Common questions
How much does it cost to own a home in Spring Valley?
A $408,000 home in Spring Valley, Nevada costs approximately $3,030 per month with 20% down at 7.4%. That is $2,260 principal and interest, $172 property tax, $71 homeowners insurance, $187 utilities and $340 set aside for maintenance.
What is the property tax rate in Spring Valley?
Spring Valley has an effective property tax rate of 0.506%, based on a median home value of $407,900 and median real estate taxes of $2,062. That is in line with the Clark County average of 0.497%.
What is the average home price in Spring Valley?
The median owner-occupied home value in Spring Valley, Nevada is $407,900, against $400,800 across Clark County.
Is it cheaper to rent or buy in Spring Valley?
Median gross rent in Spring Valley is $1,642 a month, against $3,030 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Spring Valley?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Spring Valley, Nevada at today's rate takes a household income of roughly $130,000 a year. That covers the full $3,030 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Spring Valley, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Nevada.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.