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Real Estate Prices & Overview

Spring Valley South median real estate price is $515,815, which is more expensive than 64.7% of the neighborhoods in Nevada and 68.0% of the neighborhoods in the U.S.

The average rental price in Spring Valley South is currently $2,755, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 73.3% of the neighborhoods in Nevada.

Spring Valley South is a suburban neighborhood (based on population density) located in Las Vegas, Nevada.

Spring Valley South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Spring Valley South neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 9.6% in Spring Valley South. NeighborhoodScout analysis shows that this rate is lower than 40.0% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

If you like the look and ambience of new homes and newly built neighborhoods, you will love the Spring Valley South neighborhood. A whopping 82.0% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 97.7% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.

Diversity

Significantly, 4.4% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 98.7% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Spring Valley South neighborhood in Las Vegas are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 61.1% of the neighborhoods in America. With 17.5% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.7% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Spring Valley South neighborhood, 45.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 25.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.4%), and 10.4% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Spring Valley South neighborhood is English, spoken by 74.9% of households. Other important languages spoken here include Tagalog (the first language of the Philippine region), Spanish, Korean and Chinese.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Spring Valley South neighborhood in Las Vegas, NV, residents most commonly identify their ethnicity or ancestry as Asian (20.6%). There are also a number of people of Mexican ancestry (11.7%), and residents who report Italian roots (7.4%), and some of the residents are also of German ancestry (6.0%), along with some Irish ancestry residents (5.1%), among others. In addition, 18.0% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Spring Valley South neighborhood spend between 15 and 30 minutes commuting one-way to work (51.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (78.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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