Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 21,178 people, 6,922 houses or apartments, and a median cost of homes of $358,594, Sun Valley real estate prices are well above average cost compared to national prices.
Mobile homes or trailers are the single most common housing type in Sun Valley, accounting for 51.50% of the town's housing units. Other types of housing that are prevalent in Sun Valley include single-family detached homes ( 43.49%), duplexes, homes converted to apartments or other small apartment buildings ( 1.99%), and a few large apartment complexes or high rise apartments ( 1.78%).
Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Sun Valley. Owner-occupied housing accounts for 75.53% of Sun Valley's homes, and 72.33% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Sun Valley built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sun Valley built between 2000 and later ( 15.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.86%).
Appreciation rates for homes in Sun Valley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.97%, which ranks in the top 30% nationwide. This equates to an annual average Sun Valley house appreciation rate of 7.70%.
Over the last year, Sun Valley appreciation rates have trailed the rest of the nation. In the last twelve months, Sun Valley's appreciation rate has been 1.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sun Valley were at -0.51%, which equates to an annual appreciation rate of -2.02%.
Notably, Sun Valley's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Nevada, our data show that Sun Valley's latest annual appreciation rate is lower than 60% of the other cities and towns in Nevada.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Sun Valley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sun Valley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sun Valley real estate investment or home purchase decisions.
$358,594
for Nevada
for nation
6,922
$1,761 / per month