Pahrump, NV—89048
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pahrump, NV
As of Oct '25, the median home price in Pahrump, NV is $365,000, with a year-over-year change of 2.6%. This indicates that home prices in Pahrump, NV are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | 2.6% |
| Single Family | $368,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $252,000 | 1.2% |
3 Bed | $369,000 | 2.2% |
4 Bed | $456,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pahrump, NV
As of July '25, Rentcast reports the average rent in Pahrump, NV is $1,510, with a year-over-year rent change of 9.4%. Per bedroom, the median rent as of July '25 in Pahrump, NV is studios: $5,100, 2-bedrooms: $1,270, 3-bedrooms: $1,580, 4-bedrooms: $1,690. The most common rental property sizes in Pahrump, NV are 2-bedroom and 3-bedroom, accounting for 48.3% and 39.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,510 |
| Studio Rent | $5,100 | $5,100 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,270 |
| 3 Bed Rent | $1,500 | $1,580 |
| 4 Bed Rent | $1,600 | $1,690 |
% of Rental Stock
Property Listings — Pahrump, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Pahrump, NV is 77. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $464,000 | 1.0% |
Listing Count | 183 | 32.0% |
| Listings as % of Homes | 1.0% | 32.0% |
Days on Market | 77 | 25.0% |
Demographics — Pahrump, NV
As of the latest ACS Survey released in 2023, Pahrump, NV has a population of 25,500, which has increased by 19.0% over the past 5 years. Pahrump, NV is a moderately popular place for families, as children make up 17.4% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,500 | 19.0% |
% Under 18 | 17.4% | -3.3% |
% Seniors | 31.5% | 8.2% |
% WFH | 12.0% | 185.7% |
% w/ College Degree | 12.6% | 5.0% |
As of the latest ACS Survey released in 2023, Pahrump, NV is a predominantly white area, with 70.7% of the population identifying as white. The white population has shrunk by 13.5% in the last 5 years. The second most common race or ethnicity in Pahrump, NV is hispanic, making up 13.5% of the population. Foreign-born residents account for 7.8% of the population in Pahrump, NV, and this percentage has increased by 39.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.7% | -13.5% |
% Black | 3.2% | 113.3% |
% Hispanic | 13.5% | 28.6% |
% Asian | 2.0% | -13.0% |
% Foreign Born | 7.8% | 39.3% |
Mortgage and Risk — Pahrump, NV
According to HUD data as of 2023, there were 622 mortgage originations in Pahrump, NV, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Pahrump, NV. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 622 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Pahrump, NV
Pahrump, NV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 331 |
Total Units Section 8 | 331 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | $60 | $1,200 | $1,260 |
| 3 Bedroom | $230 | $1,500 | $1,730 |
| 4 Bedroom | $390 | $1,600 | $1,990 |
Affordability — Pahrump, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $365,000 |
| Median Household Income | $55,700 |