Downtown, Las Vegas, NV—89101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Las Vegas, NV
As of Oct '25, the median home price in Downtown, Las Vegas, NV is $314,000, with a year-over-year change of -0.0%. This indicates that home prices in Downtown, Las Vegas, NV are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $314,000 | -0.0% |
| Single Family | $309,000 | -0.6% |
| Condos | $365,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $322,000 | 0.6% |
2 Bed | $278,000 | -1.1% |
3 Bed | $307,000 | -1.0% |
4 Bed | $337,000 | -0.3% |
| 5 Bed | $371,000 | -0.3% |
% of Housing Stock
Rental Trends — Downtown, Las Vegas, NV
As of July '25, Rentcast reports the average rent in Downtown, Las Vegas, NV is $1,500, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Downtown, Las Vegas, NV is studios: $1,180, 1-bedrooms: $1,380, 2-bedrooms: $1,700, 3-bedrooms: $2,010, 4-bedrooms: $1,900. The most common rental property sizes in Downtown, Las Vegas, NV are 2-bedroom and 1-bedroom, accounting for 32.1% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,500 |
| Studio Rent | $999 | $1,180 |
| 1 Bed Rent | $995 | $1,380 |
| 2 Bed Rent | $1,300 | $1,700 |
| 3 Bed Rent | $1,900 | $2,010 |
| 4 Bed Rent | $1,800 | $1,900 |
% of Rental Stock
Property Listings — Downtown, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Las Vegas, NV is 67. This is a increase of 21.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | -3.0% |
Listing Count | 125 | -1.0% |
| Listings as % of Homes | 0.4% | -1.0% |
Days on Market | 67 | 21.0% |
Demographics — Downtown, Las Vegas, NV
As of the latest ACS Survey released in 2023, Downtown, Las Vegas, NV has a population of 44,200, which has increased by 6.2% over the past 5 years. Downtown, Las Vegas, NV is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 10.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,200 | 6.2% |
% Under 18 | 22.2% | -4.3% |
% Seniors | 10.5% | 9.4% |
% WFH | 8.0% | 263.6% |
% w/ College Degree | 10.5% | 31.2% |
As of the latest ACS Survey released in 2023, Downtown, Las Vegas, NV is a predominantly hispanic area, with 57.5% of the population identifying as hispanic. The hispanic population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Downtown, Las Vegas, NV is white, making up 19.2% of the population. Foreign-born residents account for 30.8% of the population in Downtown, Las Vegas, NV, and this percentage has decreased by 6.9% 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 | 19.2% | -2.0% |
% Black | 14.0% | -11.9% |
% Hispanic | 57.5% | -1.9% |
% Asian | 4.7% | 46.9% |
% Foreign Born | 30.8% | -6.9% |
Mortgage and Risk — Downtown, Las Vegas, NV
According to HUD data as of 2023, there were 113 mortgage originations in Downtown, Las Vegas, NV, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Downtown, Las Vegas, NV. Investor activity is low, as 8.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 113 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 8.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Downtown, Las Vegas, NV
As of 2024, the percent of homes in Downtown, 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 Downtown, 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 | 1,209 |
Total Units Section 8 | 1,068 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 97.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $245 | $995 | $1,240 |
| 2 Bedroom | $180 | $1,300 | $1,480 |
| 3 Bedroom | $190 | $1,900 | $2,090 |
| 4 Bedroom | $660 | $1,800 | $2,460 |
Affordability — Downtown, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $314,000 |
| Median Household Income | $38,700 |