North Las Vegas, NV89081

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$417,000
0.0% YoY Growth
Median Household Income
$88,400
35.3% 5-Year Growth
Days on Market
51
17.0% Longer than last year
Home Price Forecast
0.7%
Median Rent
$2,080
1.4% YoY Growth
1-Bed Rent
$1,340
24.7% YoY Growth
2-Bed Rent
$1,680
3.0% YoY Growth
3-Bed Rent
$2,000
1.9% YoY Growth

Other Zip Codes in North Las Vegas, NV

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.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$440,0001.0%
Listing Count
18012.0%
Listings as % of Homes1.0%12.0%
Days on Market
5117.0%
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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.

MetricLatest CensusYoY % Change
Population
41,10013.9%
% Under 18
25.8%-13.7%
% Seniors
11.5%45.6%
% WFH
7.8%254.5%
% w/ College Degree
19.5%-2.0%
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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

MetricLatest Census5-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%
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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

MetricZip 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

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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 SizeHUD PremiumMarket RentMax 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

MetricZip Code Average
Home Price to Income Ratio4.6
Median Home Price$417,000
Median Household Income$88,400

North Las Vegas, NV — ZIP Code Boundary Map

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Frequently Asked Questions