Prices across the Las Vegas-Henderson-Paradise metro area, which Spring Valley sits in, run about the same as the rest of the country, on the federal price index for 2024. The average is the least interesting part of it: housing rents sit at 115.5, 16% dearer than the country, while the other parts of the basket sit closer to it.
| Part of the basket | Index, 2024 | What is in it |
|---|---|---|
| All items | 100.2 (national average) | The whole basket, which is the headline figure |
| Goods | 96.3 (4% cheaper) | Groceries, fuel, clothing, and everything else bought rather than rented or hired |
| Housing rents | 115.5 (16% dearer) | What it costs to rent a place to live, which is how BEA prices shelter |
| Other services | 98.7 (1% cheaper) | Everything else paid for rather than bought: healthcare, childcare, haircuts, repairs |
| Figure | Value | Where it comes from |
|---|---|---|
| Median household income, Spring Valley | - | Census 2024 five-year survey |
| Median household income, United States | - | The figure above is measured against this one |
| Median gross rent, Spring Valley | - | Census 2024 five-year survey, rent plus utilities |
| Median asking price, Spring Valley | $450,000 | Our own snapshot of 1,142 homes for sale, September 5, 2026 |
| Median asking price per square foot | $254 | The figure that survives comparing two homes of different sizes |
| Asking price as a multiple of income | - | Median ask over median household income, before tax and before any mortgage |
| Year | All items | Goods | Housing rents | Other services |
|---|---|---|---|---|
| 2024 | 100.2 | 96.3 | 115.5 | 98.7 |
| 2023 | 98.3 | 96.8 | 116.1 | 94.3 |
| 2022 | 96.5 | 97.1 | 112.6 | 92.0 |
| 2021 | 95.4 | 96.8 | 107.6 | 91.6 |
| 2020 | 97.8 | 96.4 | 109.6 | 95.4 |
| 2019 | 99.0 | 98.8 | 106.5 | 97.3 |
| 2018 | 96.3 | 95.7 | 103.2 | 95.4 |
| 2017 | 100.2 | 99.4 | 102.0 | 100.9 |
| 2016 | 97.5 | 94.3 | 100.5 | 99.1 |
| 2015 | 98.8 | 95.2 | 101.6 | 100.3 |
A regional price parity is a price level, not a bill. It says what the same basket costs here compared with what it costs nationally in the same year, which is what makes two places comparable. It does not say what a household in Spring Valley actually spends, because that depends on what a household buys.
Three things it leaves out, and they are the three that catch people. It carries no income tax, which matters in Nevada more than in most places. It prices shelter as rent, so a buyer's costs, the mortgage, the insurance and the property tax, are not in the housing component at all. And it is annual, so the newest year published is 2024 while the asking prices on this page are from this morning.
It is also a metro figure, not a city one. The Las Vegas-Henderson-Paradise metro area is one statistical area, so the index above is the same number on this page as on the cost-of-living page for every other place in it. What separates them is everything underneath it: what a household in Spring Valley earns, what rent costs here, and what homes here are asking.
The figures below the index are the ones that fill those gaps for a buyer: what homes here are actually asking, what a foot costs, and how that sits against what a household here earns. The Spring Valley market report carries the rest of them, updated daily.
Prices across the Las Vegas-Henderson-Paradise metro area, which Spring Valley sits in, run about the same as the rest of the country, on the federal price index for 2024. That is BEA's Regional Price Parity, a full-basket index where 100.0 is the national price level, published per metro area rather than per city. The average hides the part that matters most: housing rents sit at 115.5, which is 16% dearer than the country as a whole.
The Census Bureau has not published a median household income for Spring Valley in the survey year this page uses.
This page cannot work that out without both a median asking price and a published median household income for Spring Valley.
It covers goods, housing rents and other services, priced against the national average for the same basket. It does not include income tax, it does not say what a household here actually spends, and it prices housing as rent rather than as a mortgage payment, so a buyer's costs are not in it. The asking prices and rents higher up this page are the local figures the index cannot give you.
The price index is annual and the newest year published is 2024. Median household income is a five-year survey average. The asking price and the price per square foot come from our own snapshot of every home for sale here, taken this morning.
Price index: U.S. Bureau of Economic Analysis, Regional Price Parities by State and Metropolitan Area, Las Vegas-Henderson-Paradise, NV (CBSA 29820), 2024. Income and rent: U.S. Census Bureau, American Community Survey five-year estimates. Both are public domain federal statistics and neither agency endorses this page. Asking prices and counts are computed by Kouzr from its own daily snapshots of active listings, not from an MLS or a licensed market report. Automated estimates, not an appraisal; data about homes and prices, never about people. How these numbers are made.