Twin Lakes, Las Vegas, NV—89108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Twin Lakes, Las Vegas, NV
As of Oct '25, the median home price in Twin Lakes, Las Vegas, NV is $358,000, with a year-over-year change of -1.6%. This indicates that home prices in Twin Lakes, Las Vegas, NV are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $358,000 | -1.6% |
| Single Family | $370,000 | -1.9% |
| Condos | $210,000 | -5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $161,000 | -6.4% |
2 Bed | $244,000 | -3.9% |
3 Bed | $363,000 | -2.2% |
4 Bed | $406,000 | -1.7% |
| 5 Bed | $491,000 | 0.2% |
% of Housing Stock
Rental Trends — Twin Lakes, Las Vegas, NV
As of July '25, Rentcast reports the average rent in Twin Lakes, Las Vegas, NV is $1,680, with a year-over-year rent change of 5.0%. Per bedroom, the median rent as of July '25 in Twin Lakes, Las Vegas, NV is studios: $1,040, 1-bedrooms: $1,160, 2-bedrooms: $1,400, 3-bedrooms: $1,910, 4-bedrooms: $2,400. The most common rental property sizes in Twin Lakes, Las Vegas, NV are 2-bedroom and 3-bedroom, accounting for 47.3% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,680 |
| Studio Rent | $995 | $1,040 |
| 1 Bed Rent | $1,130 | $1,160 |
| 2 Bed Rent | $1,300 | $1,400 |
| 3 Bed Rent | $1,850 | $1,910 |
| 4 Bed Rent | $2,200 | $2,400 |
% of Rental Stock
Property Listings — Twin Lakes, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Twin Lakes, Las Vegas, NV is 57. This is a increase of 19.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $377,000 | -1.0% |
Listing Count | 284 | 17.0% |
| Listings as % of Homes | 0.7% | 17.0% |
Days on Market | 57 | 19.0% |
Demographics — Twin Lakes, Las Vegas, NV
As of the latest ACS Survey released in 2023, Twin Lakes, Las Vegas, NV has a population of 74,600, which has increased by 1.2% over the past 5 years. Twin Lakes, Las Vegas, NV is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 74,600 | 1.2% |
% Under 18 | 23.9% | -4.8% |
% Seniors | 12.0% | -6.2% |
% WFH | 5.9% | 168.2% |
% w/ College Degree | 14.7% | 10.5% |
As of the latest ACS Survey released in 2023, Twin Lakes, Las Vegas, NV is a predominantly hispanic area, with 50.4% of the population identifying as hispanic. The hispanic population has grown by 19.1% in the last 5 years. The second most common race or ethnicity in Twin Lakes, Las Vegas, NV is white, making up 26.7% of the population. Foreign-born residents account for 25.2% of the population in Twin Lakes, Las Vegas, NV, and this percentage has increased by 6.8% 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 | 26.7% | -20.8% |
% Black | 15.3% | -6.1% |
% Hispanic | 50.4% | 19.1% |
% Asian | 3.9% | 0.0% |
% Foreign Born | 25.2% | 6.8% |
Mortgage and Risk — Twin Lakes, Las Vegas, NV
According to HUD data as of 2023, there were 554 mortgage originations in Twin Lakes, Las Vegas, NV, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Twin Lakes, Las Vegas, NV. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 554 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Twin Lakes, Las Vegas, NV
As of 2024, the percent of homes in Twin Lakes, Las Vegas, NV under the Section 8 program is 3.8%. 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 Twin Lakes, 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 | 620 |
Total Units Section 8 | 559 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,130 | $1,400 |
| 2 Bedroom | $360 | $1,300 | $1,660 |
| 3 Bedroom | $480 | $1,850 | $2,330 |
| 4 Bedroom | $500 | $2,200 | $2,700 |
Affordability — Twin Lakes, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $358,000 |
| Median Household Income | $57,400 |