The Lakes, Las Vegas, NV—89117
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — The Lakes, Las Vegas, NV
As of Oct '25, the median home price in The Lakes, Las Vegas, NV is $482,000, with a year-over-year change of -0.4%. This indicates that home prices in The Lakes, Las Vegas, NV are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $482,000 | -0.4% |
| Single Family | $539,000 | -0.6% |
| Condos | $226,000 | -3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $184,000 | -5.2% |
2 Bed | $246,000 | -3.9% |
3 Bed | $463,000 | -1.3% |
4 Bed | $594,000 | -0.2% |
| 5 Bed | $854,000 | 1.4% |
% of Housing Stock
Rental Trends — The Lakes, Las Vegas, NV
As of July '25, Rentcast reports the average rent in The Lakes, Las Vegas, NV is $2,440, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in The Lakes, Las Vegas, NV is 1-bedrooms: $1,330, 2-bedrooms: $1,580, 3-bedrooms: $2,500, 4-bedrooms: $3,270. The most common rental property sizes in The Lakes, Las Vegas, NV are 2-bedroom and 3-bedroom, accounting for 39.5% and 22.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,330 |
| 2 Bed Rent | $1,550 | $1,580 |
| 3 Bed Rent | $2,180 | $2,500 |
| 4 Bed Rent | $3,000 | $3,270 |
% of Rental Stock
Property Listings — The Lakes, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in The Lakes, Las Vegas, NV is 52. This is a increase of 10.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $580,000 | -11.0% |
Listing Count | 326 | 34.0% |
| Listings as % of Homes | 0.8% | 34.0% |
Days on Market | 52 | 10.0% |
Demographics — The Lakes, Las Vegas, NV
As of the latest ACS Survey released in 2023, The Lakes, Las Vegas, NV has a population of 55,800, which has increased by 1.4% over the past 5 years. The Lakes, Las Vegas, NV is a moderately popular place for families, as children make up 17.0% of the population. The area has a moderately educated workforce, with 33.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,800 | 1.4% |
% Under 18 | 17.0% | -1.2% |
% Seniors | 17.8% | 0.6% |
% WFH | 14.0% | 197.9% |
% w/ College Degree | 33.3% | 4.1% |
As of the latest ACS Survey released in 2023, The Lakes, Las Vegas, NV is a predominantly white area, with 51.0% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in The Lakes, Las Vegas, NV is hispanic, making up 18.5% of the population. Foreign-born residents account for 23.7% of the population in The Lakes, Las Vegas, NV, and this percentage has increased by 4.9% 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 | 51.0% | -8.4% |
% Black | 10.9% | 32.9% |
% Hispanic | 18.5% | 12.8% |
% Asian | 13.1% | -8.4% |
% Foreign Born | 23.7% | 4.9% |
Mortgage and Risk — The Lakes, Las Vegas, NV
According to HUD data as of 2023, there were 459 mortgage originations in The Lakes, Las Vegas, NV, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in The Lakes, Las Vegas, NV. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 459 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — The Lakes, Las Vegas, NV
As of 2024, the percent of homes in The Lakes, Las Vegas, NV under the Section 8 program is 1.5%. 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 The 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 | 228 |
Total Units Section 8 | 228 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,300 | $1,610 |
| 2 Bedroom | $360 | $1,550 | $1,910 |
| 3 Bedroom | $500 | $2,180 | $2,680 |
| 4 Bedroom | $100 | $3,000 | $3,100 |
Affordability — The Lakes, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $482,000 |
| Median Household Income | $71,500 |