Home prices
The price of the median home in Spanish Springs is $378,100. This is roughly $81,620 (27%) higher compared to its nearby areas.In comparison to the US as a whole it is roughly $160,600 (73%) higher, and compared to the city of Reno is approximately $43,100 (12%) higher.
Rents
The median monthly rent in Spanish Springs is $1,710. It is about $432 (33%) higher compared to its nearby areas.It is roughly $648 (61%) higher in comparison to the nation as a whole, and in comparison to the city of Reno is about $681 (66%) higher.
Nearby places
Sun Valley
Sun Valley is Spanish Springs's neighbor to the southwest. Its real estate prices are a lot less expensive. The median home in Sun Valley is valued at $169,000, which is $209,100 (123%) lower than Spanish Springs. The rent there is significantly less expensive. Sun Valley's median monthly rent is $1,016, which comes out to $694 (68%) lower than Spanish Springs.
Sparks
Sparks is Spanish Springs's neighbor to the south. Housing prices there are a little less expensive. The median home value in Sparks is $301,500, which is $76,600 (25%) lower than Spanish Springs. Its rents are a lot less expensive. Sparks's median monthly rent is $1,138, which works out to $572 (50%) lower than Spanish Springs.
Lemmon Valley
Lemmon Valley is approximately 7 miles west of Spanish Springs. The housing prices there are a lot less expensive. The value of the median home in Lemmon Valley is $246,600, which works out to $131,500 (53%) lower than Spanish Springs. Its rents are substantially less expensive. Lemmon Valley's median monthly rent is $1,293, which works out to $417 (32%) lower than Spanish Springs.
Cold Springs
Cold Springs is approximately 14 miles west of Spanish Springs. Housing prices there are substantially less expensive. The price of the median home in Cold Springs is $258,500, which comes out to $119,600 (46%) lower than Spanish Springs. Rents there are a little less expensive. In Cold Springs the median rent is $1,453 per month, which comes out to $257 (17%) lower than Spanish Springs.
Verdi
Verdi is approximately 17 miles southwest from Spanish Springs. Real estate prices there are a bit more expensive. The median home value in Verdi is $506,800, which works out to $128,700 (25%) higher than Spanish Springs. Rents there are a little less expensive. The median rent in Verdi is $1,491 per month, which works out to $219 (14%) lower than Spanish Springs.