The story of this market
The typical home in Las Vegas, Nevada sells for about $449,786, or $259 per square foot.
Prices are up +1.1% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
Monthly price momentum
Home values since 2015
-0.3%
NV · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Las Vegas, Nevada
The Las Vegas housing market is currently in a period of stabilization, characterized by elevated inventory levels and a more balanced dynamic between buyers and sellers. While price growth has moderated compared to previous years, the market remains supported by steady migration and a diversifying local economy. Buyers are finding more options and negotiating power, though high interest rates continue to influence overall affordability.
No ARED county foreclosure postings attributed to Las Vegas yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Deterministic aggregate of 42 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 2.0% year over year.
Homes spend a median of 64 days on market with 0.4 months of supply — a fast-moving market.
2% of listings have cut prices · homes sell at 10.27% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 14.0% — a stable, low-distress profile.
- AREA154.43.6 mi
- Meow Wolf Las Vegas' Omega Mart4.43.6 mi
- Pinball Hall of Fame4.56.3 mi
- Discovery Children's Museum4.70.8 mi
- Speed Vegas4.816.7 mi
- Sphere4.53.7 mi
- Fremont Street Experience4.60.3 mi
- SAHARA Las Vegas4.12.2 mi
- Allegiant Stadium4.66.1 mi
- Westgate Las Vegas Resort & Casino42.6 mi
- Sphere4.53.7 mi
- Caesars Palace4.54.3 mi
- Fremont Street Experience4.60.3 mi
- Paris Las Vegas4.34.4 mi
- Flamingo Las Vegas44.2 mi
- AREA154.43.6 mi
- Arte Museum Las Vegas4.74.8 mi
- Gold & Silver Pawn Shop4.40.8 mi
- Meow Wolf Las Vegas' Omega Mart4.43.6 mi
- The Mob Museum4.70.1 mi
- Bellagio Conservatory & Botanical Gardens4.84.6 mi
- Sunset Park4.67.5 mi
- Craig Ranch Regional Park4.65 mi
- Springs Preserve4.72.9 mi
- Desert Breeze Park4.58.1 mi
- Lake Mead Marina4.622.9 mi
- Callville Bay Resort & Marina423.4 mi
- The Village at Lake Las Vegas4.512.6 mi
- Las Vegas Boat Harbor4.522.8 mi
- Topgolf Las Vegas4.54.8 mi
- Atomic Golf4.61.8 mi
- Angel Park Golf Club4.48.2 mi
- The Revere Golf Club4.415.1 mi
- Las Vegas National Golf Course4.23.1 mi
- Fremont Street Experience4.60.3 mi
- Wynn Las Vegas4.73.4 mi
- Las Vegas North Premium Outlets4.41.2 mi
- Fashion Show Las Vegas4.53.5 mi
- Las Vegas South Premium Outlets4.48.3 mi
- Harry Reid International Airport4.26.1 mi
- North Las Vegas Airport4.54.3 mi
- The Club LAS Terminal 345.9 mi
- 5 Star Helicopter Tours4.66 mi
- Skyline Helicopter Tours4.64.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
The world-renowned corridor of resorts, casinos, and entertainment venues that serves as the primary economic engine of the city.
A national conservation area offering extensive hiking, rock climbing, and scenic drives, providing a vital outdoor escape for residents.
One of the largest parks in the city, featuring lakes, sports fields, and picnic areas that serve as a central community hub.
A major mixed-use development offering high-end retail, dining, and entertainment options in the western part of the city.
Las Vegas is well-suited for a diverse range of residents, including families seeking master-planned communities, professionals drawn to the growing service and logistics sectors, and investors looking for long-term rental opportunities. The city's lack of state income tax and relatively lower cost of living compared to coastal markets continue to attract significant migration.
The Clark County School District, which serves the city, faces ongoing challenges with student performance and resource allocation. While some magnet and specialized programs receive high marks, the district as a whole often ranks below national averages in standardized testing and graduation rates.
The city is served by a network of major highways including I-15 and the I-215 beltway, which facilitate regional transit. Public transportation is provided by the RTC, though the city remains heavily reliant on private vehicle travel for daily commutes.
Las Vegas offers a world-class amenity base ranging from the iconic entertainment of the Strip to extensive outdoor recreation in the surrounding mountains and desert. Residents have access to numerous regional parks, golf courses, and a rapidly expanding trail system that supports a high quality of life.
The rental market in Las Vegas is characterized by high demand and moderate vacancy pressure, with rent growth stabilizing after a period of rapid increases. Investor activity remains robust, though the prevalence of short-term rentals is subject to strict municipal regulation and zoning enforcement.
The Las Vegas economy is anchored by the gaming, tourism, and convention industries, which provide the bulk of employment. Recent efforts to diversify the economy have seen growth in logistics, technology, and healthcare sectors, contributing to a more resilient economic base.
Las Vegas maintains strong economic momentum driven by the tourism, gaming, and convention sectors, alongside a growing logistics and technology presence. Major infrastructure projects, including airport expansions and corridor improvements, continue to support long-term development and population growth.
Development activity is concentrated in the master-planned communities of the western and northern fringes, alongside ongoing infill and revitalization projects in the downtown core. Infrastructure expansion is a priority to keep pace with the city's steady population growth.
Parcels in Las Vegas are subject to various special districts, including those for flood control, public safety, and utility services. Some master-planned communities also feature local improvement districts that fund specific neighborhood amenities.
Crime rates in Las Vegas remain a significant concern, with property and violent crime rates consistently trending higher than the national average. Local law enforcement continues to focus on high-visibility patrols in tourist-heavy areas and community-based initiatives to address neighborhood-level safety.
The region faces significant environmental risks, primarily related to extreme heat, flash flooding during monsoon season, and water scarcity. Property insurance premiums have seen upward pressure due to these climate-related risks and the broader regional insurance market environment.
The property insurance market in Las Vegas is experiencing rising premiums due to regional climate risks and national trends in construction costs. Homeowners are encouraged to maintain adequate coverage for fire and flood risks, which are increasingly relevant in the desert environment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Nevada) — Disabled Veterans Property Tax Exemption: Provides a partial exemption from property taxes based on the veteran's disability rating, which is applied to the assessed value of the property. State (Nevada) — Nevada Property Tax Assessment and Levy: Property tax is calculated using the formula: (Taxable Value * 0.35) * Tax Rate = Total Property Tax. Taxable value is determined by county assessors, and the assessment ratio is fixed at 35% of taxable value.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov; figures represent the city-proper jurisdiction.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.