{
  "schema_version": "1.0",
  "submarket": {
    "slug": "spring-valley-nv",
    "name": "Spring Valley",
    "state": "NV",
    "city": "LAS VEGAS",
    "cbsa": "Las Vegas-Henderson-North Las Vegas",
    "zip_codes": [
      "89103",
      "89113",
      "89147"
    ]
  },
  "report": {
    "yearmonth": "202608",
    "month_label": "August 2026",
    "first_published_at": "2026-10-03T17:21:11.557Z",
    "last_updated_at": "2026-10-03T17:21:10.923Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1428,
        "low": 1407,
        "high": 1449,
        "mom_pct": 1.3448275862068966,
        "yoy_pct": -0.15724137931034485
      },
      "2br": {
        "median": 1609,
        "low": 1569,
        "high": 1649,
        "mom_pct": -0.042647058823529496,
        "yoy_pct": -0.2047058823529412
      },
      "3br": {
        "median": 2058,
        "low": 2006,
        "high": 2109,
        "mom_pct": -0.7769230769230769,
        "yoy_pct": -1.5999999999999999
      },
      "4br": {
        "median": 3227,
        "low": 3137,
        "high": 3324,
        "mom_pct": 0.8833333333333333,
        "yoy_pct": 1.8033333333333335
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1280,
        "low": 1261,
        "high": 1299,
        "mom_pct": -5.29607843137255,
        "yoy_pct": 0.3390196078431374
      },
      "2br": {
        "median": 1450,
        "low": 1429,
        "high": 1472,
        "mom_pct": -1.1184070796460177,
        "yoy_pct": 0.9006194690265487
      },
      "3br": {
        "median": 1840,
        "low": 1794,
        "high": 1886,
        "mom_pct": -2.0811111111111114,
        "yoy_pct": 0.6355555555555554
      },
      "4br": {
        "median": 3100,
        "low": 2985,
        "high": 3215,
        "mom_pct": -3.5940000000000003,
        "yoy_pct": -3.154
      }
    },
    "single_family": {
      "1br": {
        "median": 1583,
        "low": 1527,
        "high": 1638,
        "mom_pct": -10.110714285714286,
        "yoy_pct": -7.702857142857143
      },
      "2br": {
        "median": 1715,
        "low": 1646,
        "high": 1783,
        "mom_pct": -15.35,
        "yoy_pct": -14.516333333333334
      },
      "3br": {
        "median": 2069,
        "low": 2018,
        "high": 2121,
        "mom_pct": -3.4648000000000003,
        "yoy_pct": 1.0898
      },
      "4br": {
        "median": 2444,
        "low": 2383,
        "high": 2505,
        "mom_pct": -0.16304347826086965,
        "yoy_pct": 1.5665217391304351
      }
    }
  },
  "vacancy": 3.4965999999999995,
  "days_on_market": {
    "apartment": 32,
    "condo_townhome": 29,
    "single_family": 23
  },
  "ai_summary": [
    {
      "headline": "1BR condo rents fall 5.3% MoM",
      "body": "In the Spring Valley (89103, 89113, 89147) rental market, 1-bedroom condos and townhomes posted a median rent of $1,280 in August 2026, dropping 5.3% month-over-month. This segment trails 1-bedroom apartments at $1,428 by $148, marking a sharper decline for condos in Spring Valley (89103, 89113, 89147)."
    },
    {
      "headline": "4BR apartments rise 1.8% YoY to $3,227",
      "body": "Within larger unit offerings, 4-bedroom apartments in Spring Valley (89103, 89113, 89147) achieved a median rent of $3,227, reflecting a 1.8% year-over-year increase. Meanwhile, 4-bedroom condo/townhome rents declined 3.2% YoY to $3,100, with apartments leading the condo segment by $127 based on current pricing."
    },
    {
      "headline": "2BR single-family drops 14.5% YoY",
      "body": "In recent data, 2-bedroom single-family homes averaged $1,715, showing a 14.5% year-over-year decrease. Spring Valley (89103, 89113, 89147) rental trends illustrate that these homes command only a $106 premium over 2-bedroom apartments at $1,609, narrowing the pricing gap between detached and multi-family inventory."
    }
  ],
  "summary": {
    "canonical": [
      "As of August 2026, rental prices in Spring Valley, NV range from $1,280 to $3,227 per month depending on property type and bedroom count.",
      "The largest year-over-year decline occurred in single-family 2BR homes, which dropped by -14.52%.",
      "For 2-bedroom units, apartments have a median rent of $1,609 compared to $1,450 for condos/townhomes."
    ],
    "qa": [
      {
        "question": "What is the range of typical rents in Spring Valley, NV as of August 2026?",
        "answer": "In August 2026, rents in Spring Valley, NV range from $1,280 for a 1BR condo/townhome to $3,227 for a 4BR apartment."
      },
      {
        "question": "How much more do apartments cost compared to condo/townhome rents for the same bedroom count in Spring Valley, NV?",
        "answer": "As of August 2026, apartments rent for $148 more than condos/townhomes for 1BR ($1,428 vs $1,280), $159 more for 2BR ($1,609 vs $1,450), $218 more for 3BR ($2,058 vs $1,840), and $127 more for 4BR ($3,227 vs $3,100)."
      },
      {
        "question": "What is the premium gap between apartments and single-family homes for the same bedroom count in Spring Valley, NV?",
        "answer": "In Spring Valley, NV, single-family homes cost more than apartments for 1BR ($1,583 vs $1,428), 2BR ($1,715 vs $1,609), and 3BR ($2,069 vs $2,058); however, apartments exceed single-family for 4BR at $3,227 compared to $2,444—a difference of $783."
      },
      {
        "question": "Which segment saw the biggest year-over-year rent decrease in Spring Valley, NV, and was this decline broad across the property type?",
        "answer": "The largest year-over-year rent decrease in Spring Valley, NV as of August 2026 was in single-family 2BR homes, which fell by -14.52%, and the decline was broad across the single-family 1BR and 2BR segments, both showing negative year-over-year changes."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202608",
      "month_label": "August 2026",
      "rents": {
        "apartment": {
          "1br": 1428,
          "2br": 1609,
          "3br": 2058,
          "4br": 3227
        },
        "condo_townhome": {
          "1br": 1280,
          "2br": 1450,
          "3br": 1840,
          "4br": 3100
        },
        "single_family": {
          "1br": 1583,
          "2br": 1715,
          "3br": 2069,
          "4br": 2444
        }
      }
    },
    {
      "yearmonth": "202607",
      "month_label": "July 2026",
      "rents": {
        "apartment": {
          "1br": 1409,
          "2br": 1606,
          "3br": 2068,
          "4br": 3199
        },
        "condo_townhome": {
          "1br": 1373,
          "2br": 1486,
          "3br": 1879,
          "4br": 3218
        },
        "single_family": {
          "1br": 1775,
          "2br": 2023,
          "3br": 2152,
          "4br": 2484
        }
      }
    },
    {
      "yearmonth": "202606",
      "month_label": "June 2026",
      "rents": {
        "apartment": {
          "1br": 1392,
          "2br": 1586,
          "3br": 2041,
          "4br": 3164
        },
        "condo_townhome": {
          "1br": 1351,
          "2br": 1465,
          "3br": 1841,
          "4br": 3186
        },
        "single_family": {
          "1br": 1755,
          "2br": 1999,
          "3br": 2108,
          "4br": 2446
        }
      }
    },
    {
      "yearmonth": "202605",
      "month_label": "May 2026",
      "rents": {
        "apartment": {
          "1br": 1402,
          "2br": 1578,
          "3br": 2004,
          "4br": 3139
        },
        "condo_townhome": {
          "1br": 1280,
          "2br": 1456,
          "3br": 1802,
          "4br": 3138
        },
        "single_family": {
          "1br": 1745,
          "2br": 1966,
          "3br": 2089,
          "4br": 2417
        }
      }
    },
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1389,
          "2br": 1592,
          "3br": 2007,
          "4br": 3141
        },
        "condo_townhome": {
          "1br": 1274,
          "2br": 1435,
          "3br": 1757,
          "4br": 3117
        },
        "single_family": {
          "1br": 1716,
          "2br": 1920,
          "3br": 2052,
          "4br": 2390
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1385,
          "2br": 1562,
          "3br": 2024,
          "4br": 3156
        },
        "condo_townhome": {
          "1br": 1263,
          "2br": 1407,
          "3br": 1755,
          "4br": 3113
        },
        "single_family": {
          "1br": 1712,
          "2br": 1893,
          "3br": 2042,
          "4br": 2369
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1392,
          "2br": 1571,
          "3br": 2025,
          "4br": 3180
        },
        "condo_townhome": {
          "1br": 1263,
          "2br": 1397,
          "3br": 1736,
          "4br": 3129
        },
        "single_family": {
          "1br": 1705,
          "2br": 1912,
          "3br": 2002,
          "4br": 2383
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1401,
          "2br": 1587,
          "3br": 2039,
          "4br": 3206
        },
        "condo_townhome": {
          "1br": 1256,
          "2br": 1404,
          "3br": 1741,
          "4br": 3150
        },
        "single_family": {
          "1br": 1735,
          "2br": 1969,
          "3br": 2011,
          "4br": 2358
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1399,
          "2br": 1636,
          "3br": 2053,
          "4br": 3214
        },
        "condo_townhome": {
          "1br": 1247,
          "2br": 1424,
          "3br": 1735,
          "4br": 3175
        },
        "single_family": {
          "1br": 1745,
          "2br": 1978,
          "3br": 1983,
          "4br": 2361
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1380,
          "2br": 1575,
          "3br": 2055,
          "4br": 3225
        },
        "condo_townhome": {
          "1br": 1230,
          "2br": 1429,
          "3br": 1767,
          "4br": 3204
        },
        "single_family": {
          "1br": 1754,
          "2br": 1978,
          "3br": 1991,
          "4br": 2357
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1412,
          "2br": 1593,
          "3br": 2045,
          "4br": 3209
        },
        "condo_townhome": {
          "1br": 1290,
          "2br": 1437,
          "3br": 1783,
          "4br": 3217
        },
        "single_family": {
          "1br": 1738,
          "2br": 1985,
          "3br": 2001,
          "4br": 2400
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1416,
          "2br": 1603,
          "3br": 2084,
          "4br": 3195
        },
        "condo_townhome": {
          "1br": 1247,
          "2br": 1444,
          "3br": 1788,
          "4br": 3216
        },
        "single_family": {
          "1br": 1737,
          "2br": 1983,
          "3br": 2009,
          "4br": 2404
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/spring-valley-nv/",
    "self": "https://data.estaite.com/feeds/spring-valley-nv.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}