Rancho Charleston, Las Vegas, NV—89102
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rancho Charleston, Las Vegas, NV
As of Oct '25, the median home price in Rancho Charleston, Las Vegas, NV is $377,000, with a year-over-year change of 0.2%. This indicates that home prices in Rancho Charleston, Las Vegas, NV are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $377,000 | 0.2% |
| Single Family | $396,000 | 0.0% |
| Condos | $234,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $307,000 | -0.3% |
2 Bed | $255,000 | -2.7% |
3 Bed | $380,000 | -0.5% |
4 Bed | $449,000 | 0.2% |
| 5 Bed | $610,000 | 0.7% |
% of Housing Stock
Rental Trends — Rancho Charleston, Las Vegas, NV
As of July '25, Rentcast reports the average rent in Rancho Charleston, Las Vegas, NV is $1,700, with a year-over-year rent change of -6.6%. Per bedroom, the median rent as of July '25 in Rancho Charleston, Las Vegas, NV is studios: $1,180, 1-bedrooms: $1,190, 2-bedrooms: $1,640, 3-bedrooms: $2,130, 4-bedrooms: $2,780. The most common rental property sizes in Rancho Charleston, Las Vegas, NV are 1-bedroom and 2-bedroom, accounting for 37.4% and 36.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,700 |
| Studio Rent | $987 | $1,180 |
| 1 Bed Rent | $1,000 | $1,190 |
| 2 Bed Rent | $1,400 | $1,640 |
| 3 Bed Rent | $1,900 | $2,130 |
| 4 Bed Rent | $2,200 | $2,780 |
% of Rental Stock
Property Listings — Rancho Charleston, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Rancho Charleston, Las Vegas, NV is 55. This is a increase of 23.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $399,000 | -2.0% |
Listing Count | 145 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 55 | 23.0% |
Demographics — Rancho Charleston, Las Vegas, NV
As of the latest ACS Survey released in 2023, Rancho Charleston, Las Vegas, NV has a population of 37,500, which has decreased by -2.8% over the past 5 years. Rancho Charleston, Las Vegas, NV is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,500 | -2.8% |
% Under 18 | 25.1% | -2.0% |
% Seniors | 15.1% | 8.6% |
% WFH | 9.8% | 345.5% |
% w/ College Degree | 18.2% | 11.7% |
As of the latest ACS Survey released in 2023, Rancho Charleston, Las Vegas, NV is a predominantly hispanic area, with 48.4% of the population identifying as hispanic. The hispanic population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Rancho Charleston, Las Vegas, NV is white, making up 23.6% of the population. Foreign-born residents account for 30.6% of the population in Rancho Charleston, Las Vegas, NV, and this percentage has decreased by 10.8% 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 | 23.6% | -5.2% |
% Black | 12.2% | -10.9% |
% Hispanic | 48.4% | -6.2% |
% Asian | 9.2% | 7.0% |
% Foreign Born | 30.6% | -10.8% |
Mortgage and Risk — Rancho Charleston, Las Vegas, NV
According to HUD data as of 2023, there were 229 mortgage originations in Rancho Charleston, Las Vegas, NV, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Rancho Charleston, Las Vegas, NV. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 229 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Rancho Charleston, Las Vegas, NV
As of 2024, the percent of homes in Rancho Charleston, Las Vegas, NV under the Section 8 program is 7.3%. 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 Rancho Charleston, 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 | 769 |
Total Units Section 8 | 770 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 91.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,000 | $1,270 |
| 2 Bedroom | $110 | $1,400 | $1,510 |
| 3 Bedroom | $220 | $1,900 | $2,120 |
| 4 Bedroom | $260 | $2,200 | $2,460 |
Affordability — Rancho Charleston, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $377,000 |
| Median Household Income | $48,500 |