Las Vegas, NM—87701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Las Vegas, NM
As of Oct '25, the median home price in Las Vegas, NM is $215,000, with a year-over-year change of -0.9%. This indicates that home prices in Las Vegas, NM are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $215,000 | -0.9% |
| Single Family | $215,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $197,000 | 3.1% |
3 Bed | $250,000 | 3.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Las Vegas, NM
As of July '25, Rentcast reports the average rent in Las Vegas, NM is $1,540, with a year-over-year rent change of 10.0%. Per bedroom, the median rent as of July '25 in Las Vegas, NM is 2-bedrooms: $1,450, 3-bedrooms: $1,800. The most common rental property sizes in Las Vegas, NM are 2-bedroom and 1-bedroom, accounting for 40.4% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,650 | $1,450 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Las Vegas, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Las Vegas, NM is 60. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $270,000 | 22.0% |
Listing Count | 47 | 75.0% |
| Listings as % of Homes | 0.3% | 75.0% |
Days on Market | 60 | -8.0% |
Demographics — Las Vegas, NM
As of the latest ACS Survey released in 2023, Las Vegas, NM has a population of 17,900, which has decreased by -6.2% over the past 5 years. Las Vegas, NM is a moderately popular place for families, as children make up 16.4% of the population. The area has a moderately educated workforce, with 26.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | -6.2% |
% Under 18 | 16.4% | -18.4% |
% Seniors | 21.8% | 11.2% |
% WFH | 11.5% | 21.1% |
% w/ College Degree | 26.8% | 17.5% |
As of the latest ACS Survey released in 2023, Las Vegas, NM is a predominantly hispanic area, with 77.3% of the population identifying as hispanic. The hispanic population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Las Vegas, NM is white, making up 16.2% of the population. Foreign-born residents account for 2.9% of the population in Las Vegas, NM, and this percentage has decreased by 27.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 16.2% | -6.9% |
% Black | 1.7% | 0.0% |
% Hispanic | 77.3% | -0.9% |
% Asian | 0.2% | -87.5% |
% Foreign Born | 2.9% | -27.5% |
Mortgage and Risk — Las Vegas, NM
According to HUD data as of 2023, there were 182 mortgage originations in Las Vegas, NM, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Las Vegas, NM. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 182 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 2.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Las Vegas, NM
Las Vegas, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 513 |
Total Units Section 8 | 238 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 62.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | -$700 | $1,650 | $950 |
| 3 Bedroom | -$470 | $1,800 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Las Vegas, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $215,000 |
| Median Household Income | $48,100 |