Las Vegas Real Estate

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Thursday, June 14, 2007

Spring Valley Nevada Real Estate

Spring Valley is located two miles west of the Las Vegas Strip. According to 2000 census, the estimated population was 117,390 and was estimated by the Clark County Comprehensive Planning Department to have a population of 175,581 as of July 1, 2006.

Its municipal government is the Clark County Commission, which has seven members from across Southern Nevada (and none of who reside in Spring Valley, as of 2006). A five-member Town Advisory Board offers advisory opinions on zoning and business matters to the commission, but the commission is not obligated to respond or be held to those suggestions. There were 47,964 households out of which 27.0% had children under the age of 18 living with them, 46.7% were married couples living together, 10.5% had a female householder with no husband present, and 37.6% were non-families. 25.9% of all households were made up of individuals and 5.9% had someone living alone who was 65 years of age or older.

The average household size was 2.44 and the average family size was 2.98. The population was spread out with 21.2% under the age of 18, 9.4% from 18 to 24, 33.7% from 25 to 44, 25.0% from 45 to 64, and 10.7% who were 65 years of age or older. The median age was 36 years. For every 100 females there were 99.6 males. For every 100 females age 18 and over, there were 98.4 males. The median income for a household in the CDP was $48,563, and the median income for a family was $55,021. Males had a median income of $37,068 versus $28,288 for females. The per capita income was $26,321. About 4.8% of families and 6.7% of the population were below the poverty line including 6.9% of those under age 18 and 7.7% of those ages 65 or over. According to the research, there were no sex offenders living in this area in early 2007. Median real estate property taxes paid for housing units with mortgages in 2005: $1,612 (0.5%) Median real estate property taxes paid for housing units with no mortgage in 2005: $1,278 (0.6%)

The area is very ideal to real estate investors because it mostly consists of housing subdivisions, with strip malls lining the large boulevards that connect suburban Las Vegas to the Strip. The northern part of Spring Valley includes areas of rural-estate zoning, with large parcels of land on 1/64 square mile blocks. The southern part of Spring Valley is quickly developing with very little south of Tropicana Avenue was developed and Desert Breeze Park, a very large park located in the north-central part of the town.
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