Español

Este sitio también está en español. Leer en español

City · 17,980 residents · Washoe County, Nevada

Spanish Springs , Nevada

In Spanish Springs, a typical home is worth $623,900 and typical rent is $1,963 a month. Compared with all of Washoe County, typical household income is 45% higher, typical rent is 22% higher, and the share of households that own their home is 32 points higher.

WhatsApp

  • Typical home value

    $623,900

    16% above the county

    43% above Nevada

    • Spanish Springs
    • Washoe
    • Nevada

  • Typical rent

    $1,963a month

    22% above the county

    23% above Nevada

    • Spanish Springs
    • Washoe
    • Nevada

  • Typical household income

    $127,658a year

    45% above the county

    63% above Nevada

    • Spanish Springs
    • Washoe
    • Nevada

  • Households that own their home

    92%

    32 points above the county

    32 points above Nevada

    • Spanish Springs
    • Washoe
    • Nevada

Source: U.S. Census Bureau, Average 2020–2024

Spanish Springs is in Washoe County. The FHA loan limit ($638,250 for a one-unit home), the fair market rents and the help on this page are those of all of Washoe County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Spanish Springs apart

What this place has that others do not, from public data, most unusual first.

  1. 92% of households in Spanish Springs own their home, against 60% in Washoe County.

  2. Spanish Springs has the 2nd highest typical household income of the 33 cities in Nevada with more than 5,000 people ($127,658).

  3. Nearby, in Sun Valley, the typical home value is $349,100: 44% less than in Spanish Springs ($623,900).

  4. Nearby, in Sun Valley, the typical rent is $1,214: 38% less than in Spanish Springs ($1,963).

  5. The typical rent in Spanish Springs is $1,963 a month, 22% more than in Washoe County as a whole ($1,608).

  6. The typical home in Spanish Springs is worth $623,900, 16% more than in Washoe County as a whole ($539,900).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Spanish Springs

What homes there are in Spanish Springs, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Spanish Springs: 95% of homes, more than in Washoe County (59%).

Year built

Homes in Spanish Springs are newer: the typical year built is 2002; in Washoe County, 1991.

In Spanish Springs, 94% of homes have 3 bedrooms or more, more than in Washoe County (60%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,241 a month

Washoe County: $2,117 a month

Without a mortgage

$627 a month

Washoe County: $601 a month

Owners with a mortgage

75%

Washoe County: 65%

In Spanish Springs, 75% of owners have a mortgage, and their typical cost is $2,241 a month, against $2,117 in Washoe County. Without one it drops to $627.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Spanish Springs gained value faster than in Washoe County: 65% against 62%.

The typical rent in Spanish Springs stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSpanish SpringsWashoe CountyNevadaUnited States
Rental vacancy Unreliable estimate6.2%6.8%5.5%
Homeowner vacancy Unreliable estimate1.1%1.1%0.9%
More than one person per room Unreliable estimate4.3%4.4%3.4%
People per household 2.692.462.622.53
Drive alone 79%69%71%69%
Carpool 8%12%11%9%
Public transit Unreliable estimate2%2%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 10%13%12%15%
Other means Unreliable estimate3%2%2%
Typical commute 30 to 39 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Spanish Springs has 2.69 people, more than in Washoe County (2.46).

The car rules in Spanish Springs: 79% of workers drive to work alone, and the typical trip takes 30 to 39 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Spanish Springs?

A typical home costs more than the typical income allows

We start with a typical home in Spanish Springs, worth $623,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 46% of the typical household income in Spanish Springs, which is $127,658 a year. For that payment to be 28% of income, a household would need to earn about $211,073 a year.

The calculator's FHA and conventional loan limits are those of all of Washoe County.

Your numbers

Local data
$

Starts at the typical home value in Spanish Springs. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $21,837 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,925

at 7.18% · 30 years

Loan amount
$612,599
Total interest
$881,386
Paid off in
November 2056

Includes $10,536 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,979 a month

  • Tight

    $2,979 to $3,830 a month

  • Hard

    more than $3,830 a month

    Your payment · 46%

Compared with the typical household income in Spanish Springs ($127,658 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,925
Principal & interest$4,150
Property tax$239
Home insurance$260
FHA mortgage insurance (MIP)$276

You need at least $21,837 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Spanish Springs and Washoe County

Spanish Springs is in Washoe County, Nevada. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Spanish Springs's own numbers

Typical home value
$623,900
Typical monthly rent
$1,963
Typical yearly household income
$127,658
Households that own their home
92%
Effective property tax rate
0.46%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Washoe County

FHA limit, one-unit home
$638,250
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,837
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
1.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Washoe County.

Everything about Washoe County

Buying

Buying a home in Spanish Springs

A typical home in Spanish Springs is worth $623,900: 16% above the county and 43% above Nevada. With the typical household income in Spanish Springs ($127,658 a year), a typical home costs 4.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Spanish Springs 4.9 years
  • Washoe 6.1 years
  • Nevada 5.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Washoe County

According to FHFA’s house price index, home prices in Washoe County rose 116% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Washoe County.

Period County Nevada U.S.
Last year (2025) +2.4% +2.2% +2.9%
5 years (2020–2025) +45% +49% +47%
10 years (2015–2025) +116% +121% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Spanish Springs next to Washoe County, Nevada and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Spanish Springs $623,900
  • Washoe $539,900
  • Nevada $435,400
  • United States $332,700
Typical monthly rent
  • Spanish Springs $1,963
  • Washoe $1,608
  • Nevada $1,597
  • United States $1,413
Typical yearly household income
  • Spanish Springs $127,658
  • Washoe $88,096
  • Nevada $78,260
  • United States $80,734
See the full table
Spanish Springs next to Washoe County and Nevada
Measure Spanish Springs Washoe County Nevada U.S.
Typical home value $623,900 $539,900 $435,400 $332,700
Typical monthly rent $1,963 $1,608 $1,597 $1,413
Typical yearly household income $127,658 $88,096 $78,260 $80,734
Households that own their home 92% 60% 60% 65%
Typical yearly property tax $2,867 $2,385 $2,027 $3,119
Effective property tax rate 0.46% 0.44% 0.47% 0.94%
Renters with high rent for their income 58% 52% 56% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Washoe County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Spanish Springs

For a typical $623,900 home in Spanish Springs, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Spanish Springs's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,925a month

    Least cash to close
    Down payment
    $21,837
    Cash to close
    $40,554
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $276

  • Conventional, 5% down $4,811a month

    Down payment
    $31,195
    Cash to close
    $49,912
    Rate
    7.18%
    Mortgage insurance
    PMI · $296

  • Conventional, 20% down, no PMI $3,880a month

    Down payment
    $124,780
    Cash to close
    $143,497
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,457a month

    Down payment
    $93,585
    Cash to close
    $112,302
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Spanish Springs and for Washoe County.

Property tax

Effective rate in Spanish Springs

0.46%of the home’s value each year

$2,867 a year for the typical owner in Spanish Springs.

  • Spanish Springs 0.46%
  • Washoe 0.44%
  • Nevada 0.47%

What Nevada publishes 3 percent cap on the yearly tax increase for your primary residence (Nevada Legislature (Nevada Revised Statutes))

Exemptions and deadlines in Nevada

Flood risk in Washoe County

FEMA does not publish these numbers by city: they are for all of Washoe County.

Homes in the high-risk zone
1.7%
2,714
Of those, with NFIP insurance
31%
County Nevada U.S.
Homes in the high-risk zone 1.7% 2% 3.5%
Of those, with NFIP insurance 31% 30% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Spanish Springs

Typical rent in Spanish Springs is $1,963 a month: 22% above the county. In Spanish Springs, 58% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Washoe County, by unit size. To pay the 2-bedroom one ($1,837 a month) without spending more than 30% of your income, you would need to earn $35.33 an hour working full time.

HUD fair market rent for all of Washoe County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,279 $24.60 $51,160
1 bedroom $1,460 $28.08 $58,400
2 bedrooms $1,837 $35.33 $73,480
3 bedrooms $2,452 $47.15 $98,080
4 bedrooms $2,842 $54.65 $113,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Spanish Springs

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Spanish Springs has 2 ZIP codes with their own.

For 2 bedrooms it runs from $2,390 in 89436 to $2,500 in 89441.

2 of the 2 are above the fair market rent for Washoe County ($1,837).

  • 89436 $2,390$3,190
  • 89441 $2,500$3,390

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Spanish Springs when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Spanish Springs

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Washoe County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Spanish Springs

No down payment, repair or rent-help program on our list is for Spanish Springs or Washoe County. The ones below are statewide in Nevada: they work in Spanish Springs the same as in the rest of the state.

Which programs do I qualify for? All programs in Nevada

  • Home Is Possible

    Statewide in Nevada

    Nevada Housing Division program: up to 5% of the loan for the down payment or closing costs, with no first-time buyer requirement. Offered by Nevada Housing Division.

    Type not stated

    See the program Official page

  • Home Is Possible For First-Time Homebuyers

    Statewide in Nevada

    Nevada Housing Division program for first-time buyers: a 30-year mortgage with interest-free help for the down payment and closing costs of up to 4% of the loan, which is not forgiven. Offered by Nevada Housing Division.

    Type not stated

    See the program Official page

  • Home Is Possible For Teachers

    Statewide in Nevada

    $7,500 from the Nevada Housing Division for public school teachers, for the down payment and closing costs; forgiven after five years if you still live in the home. Offered by Nevada Housing Division.

    Forgivable

    See the program Official page

Housing counselors near Spanish Springs

The HUD-approved agencies closest to the center of Spanish Springs, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Services of Nevada (CSNV)

    500 N Rainbow Blvd, Las Vegas · 340 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (702) 307-1710

  • Nevada Partners, Inc.

    690 W Lake Mead Blvd, North Las Vegas · 343 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (702) 844-8000

  • NSC (naca Counseling Subsidiary) - Las Vegas, NV

    3030 S Jones Blvd Ste 103, Las Vegas · 343 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (702) 362-6199

All counseling agencies in Nevada

Help in Spanish near Spanish Springs

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Spanish Springs

In HUD’s record, no housing authority with an office in Washoe County is named for Spanish Springs or Washoe County.

One other authority has an office in Washoe County: see the list Source: HUD

Cities

Other cities in Washoe County

These cities are also in Washoe County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Washoe County Housing in Nevada

Nearby cities

The cities closest to Spanish Springs, with the typical home value.

Neighboring counties

If Washoe County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Spanish Springs.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Spanish Springs

Short answers with the numbers for Spanish Springs and all of Washoe County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Spanish Springs?

The typical home value in Spanish Springs is $623,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Washoe County it is $539,900.

How much does it cost to rent in Spanish Springs?

Typical rent in Spanish Springs is $1,963 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Washoe County is $1,837.

What is the FHA loan limit in Spanish Springs?

Spanish Springs uses the FHA limit for all of Washoe County (2026): $638,250 for a one-unit home and $1,227,400 for a four-unit home.

How much property tax do owners pay in Spanish Springs?

The typical homeowner in Spanish Springs pays $2,867 a year, according to the U.S. Census Bureau. That is 0.46% of the home’s value; in Washoe County, the rate is 0.44%.

Where can I find free help to buy or rent in Spanish Springs?

We found no HUD-approved counseling agencies with an office in Washoe County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).