Median home value is about $391,800 — about 13% above the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $1,350 (about 16% above the U.S. median rent ($1,163)), and owner-occupancy near 42.8% (about 22.6 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 89118 in Spring Valley, NV, a household would need roughly $108,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,517. That is about 60% above the local median household income ($67,384), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.