North Las Vegas, NV—89081
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Las Vegas, NV
As of Oct '25, the median home price in North Las Vegas, NV is $417,000, with a year-over-year change of 0.0%. This indicates that home prices in North Las Vegas, NV are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $417,000 | 0.0% |
| Single Family | $423,000 | -0.7% |
| Condos | $258,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $378,000 | -0.3% |
3 Bed | $396,000 | -0.3% |
4 Bed | $437,000 | -0.5% |
| 5 Bed | $488,000 | 0.2% |
% of Housing Stock
Rental Trends — North Las Vegas, NV
As of July '25, Rentcast reports the average rent in North Las Vegas, NV is $2,120, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in North Las Vegas, NV is 1-bedrooms: $1,250, 2-bedrooms: $1,740, 3-bedrooms: $2,020, 4-bedrooms: $2,260. The most common rental property sizes in North Las Vegas, NV are 3-bedroom and 2-bedroom, accounting for 35.8% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,080 | $2,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,340 | $1,250 |
| 2 Bed Rent | $1,680 | $1,740 |
| 3 Bed Rent | $2,000 | $2,020 |
| 4 Bed Rent | $2,200 | $2,260 |
% of Rental Stock
Property Listings — North Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in North Las Vegas, NV is 51. This is a increase of 17.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | 1.0% |
Listing Count | 180 | 12.0% |
| Listings as % of Homes | 1.0% | 12.0% |
Days on Market | 51 | 17.0% |
Demographics — North Las Vegas, NV
As of the latest ACS Survey released in 2023, North Las Vegas, NV has a population of 41,100, which has increased by 13.9% over the past 5 years. North Las Vegas, NV is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,100 | 13.9% |
% Under 18 | 25.8% | -13.7% |
% Seniors | 11.5% | 45.6% |
% WFH | 7.8% | 254.5% |
% w/ College Degree | 19.5% | -2.0% |
As of the latest ACS Survey released in 2023, North Las Vegas, NV is a predominantly hispanic area, with 39.2% of the population identifying as hispanic. The hispanic population has grown by 21.7% in the last 5 years. The second most common race or ethnicity in North Las Vegas, NV is black, making up 23.9% of the population. Foreign-born residents account for 19.3% of the population in North Las Vegas, NV, and this percentage has increased by 26.1% 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 | 23.1% | -14.1% |
% Black | 23.9% | -14.9% |
% Hispanic | 39.2% | 21.7% |
% Asian | 8.3% | 23.9% |
% Foreign Born | 19.3% | 26.1% |
Mortgage and Risk — North Las Vegas, NV
According to HUD data as of 2023, there were 29 mortgage originations in North Las Vegas, NV, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in North Las Vegas, NV. Investor activity is low, as 0.0% 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 | 29 |
% Conventional Loans | 48.0% |
% Government Loans | 52.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — North Las Vegas, NV
As of 2024, the percent of homes in North Las Vegas, NV under the Section 8 program is 7.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In North Las Vegas, NV, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 299 |
Total Units Section 8 | 299 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $430 | $1,340 | $1,770 |
| 2 Bedroom | $420 | $1,680 | $2,100 |
| 3 Bedroom | $940 | $2,000 | $2,940 |
| 4 Bedroom | $1,210 | $2,200 | $3,410 |
Affordability — North Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $417,000 |
| Median Household Income | $88,400 |