October's First-Time Homebuyer Report for Spring Valley

Spring Valley is a city that is growing faster than others in California at a 10-year growth rate of 6.4%. It also has a larger than average population of 28,205 people. With a median age of 35 years, homes in Spring Valley tend to be relatively old. The top school in the city is Loma Elementary School.

Price Range

Home values in Spring Valley are generally in line with others in the state with a median home value of $264,100 and an average list price of $421,202. The Spring Valley market was strong this week as sales rocketed 32.1% to hit 37 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Spring Valley:

$399K   $449K   $419K  

Typical Dwelling

The typical dwelling in Spring Valley is a three-bedroom detached home worth about $416,963. To purchase a similar home, a buyer with good credit and a $83,393 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,883 monthly payment. The property tax rate is $7.35 per $1,000 of taxable assessed value.

Get started right now by checking out Spring Valley homes for sale or reviewing Spring Valley real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Pacific Sotheby's International Realty
11 reviews
Century 21 Award
Snapped 8 homes in this area
Coldwell Banker West
Snapped 1 home in this area

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