Quick facts: Sun valley, NV

Quick Facts

107
Cost of Living
above US average
22,775
Population
52.69
Crime Rate per 1000
above US average
$71,471
Median Income
below US average
$447,900
Median House Price
above US average
$2345.56
Average Rent
above US average
12%
Poverty Rate
above US average
6.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $71,471.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $447,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $71,471
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Income Needed to Rent

⚠ Stretch
$101k/year
Based on $2345.56/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $101k vs median $71,471
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sun valley, NV

Sun Valley is a census-designated place located in Washoe County, Nevada, just northeast of the city of Reno. Known for its residential character, Sun Valley offers a mix of suburban and rural lifestyles. The community has a range of amenities, including parks, schools, and shopping centers, making it a convenient place for families and professionals alike. The area is surrounded by natural beauty, with the Sierra Nevada mountains to the west, providing opportunities for outdoor activities such as hiking, biking, and skiing in the winter months. The climate is typical of the high desert, characterized by warm summers and cold winters. Sun Valley is primarily a residential area with a diverse population and a strong sense of community. While it may not have the hustle and bustle of nearby Reno, it is close enough to take advantage of the city's cultural, dining, and entertainment options. The location offers an appealing balance of peaceful living with easy access to urban amenities, making it a growing choice for those looking to settle in Northern Nevada.

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