Winchester, Las Vegas, NV—89121
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winchester, Las Vegas, NV
As of Oct '25, the median home price in Winchester, Las Vegas, NV is $352,000, with a year-over-year change of -1.0%. This indicates that home prices in Winchester, Las Vegas, NV are decreasing. 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 | $352,000 | -1.0% |
| Single Family | $363,000 | -1.6% |
| Condos | $210,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $179,000 | -5.3% |
2 Bed | $252,000 | -1.9% |
3 Bed | $358,000 | -1.6% |
4 Bed | $408,000 | -0.7% |
| 5 Bed | $475,000 | 0.2% |
% of Housing Stock
Rental Trends — Winchester, Las Vegas, NV
As of July '25, Rentcast reports the average rent in Winchester, Las Vegas, NV is $1,790, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Winchester, Las Vegas, NV is studios: $1,350, 1-bedrooms: $1,250, 2-bedrooms: $1,340, 3-bedrooms: $2,110, 4-bedrooms: $3,080. The most common rental property sizes in Winchester, Las Vegas, NV are 2-bedroom and 1-bedroom, accounting for 43.9% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,790 |
| Studio Rent | $1,200 | $1,350 |
| 1 Bed Rent | $1,190 | $1,250 |
| 2 Bed Rent | $1,280 | $1,340 |
| 3 Bed Rent | $1,850 | $2,110 |
| 4 Bed Rent | $2,600 | $3,080 |
% of Rental Stock
Property Listings — Winchester, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Winchester, Las Vegas, NV is 67. This is a increase of 31.0% 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 | $374,000 | -5.0% |
Listing Count | 341 | 37.0% |
| Listings as % of Homes | 0.6% | 37.0% |
Days on Market | 67 | 31.0% |
Demographics — Winchester, Las Vegas, NV
As of the latest ACS Survey released in 2023, Winchester, Las Vegas, NV has a population of 67,100, which has increased by 4.3% over the past 5 years. Winchester, Las Vegas, NV is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 16.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 67,100 | 4.3% |
% Under 18 | 23.5% | 11.4% |
% Seniors | 15.8% | -9.7% |
% WFH | 8.7% | 295.5% |
% w/ College Degree | 16.2% | 3.2% |
As of the latest ACS Survey released in 2023, Winchester, Las Vegas, NV is a predominantly hispanic area, with 48.8% of the population identifying as hispanic. The hispanic population has grown by 13.8% in the last 5 years. The second most common race or ethnicity in Winchester, Las Vegas, NV is white, making up 30.9% of the population. Foreign-born residents account for 27.0% of the population in Winchester, Las Vegas, NV, and this percentage has decreased by 1.5% 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 | 30.9% | -16.9% |
% Black | 11.6% | 6.4% |
% Hispanic | 48.8% | 13.8% |
% Asian | 4.2% | -10.6% |
% Foreign Born | 27.0% | -1.5% |
Mortgage and Risk — Winchester, Las Vegas, NV
According to HUD data as of 2023, there were 911 mortgage originations in Winchester, Las Vegas, NV, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Winchester, 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 | 911 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Winchester, Las Vegas, NV
As of 2024, the percent of homes in Winchester, Las Vegas, NV under the Section 8 program is 6.3%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Winchester, Las Vegas, NV, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 781 |
Total Units Section 8 | 705 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,190 | $1,270 |
| 2 Bedroom | $220 | $1,280 | $1,500 |
| 3 Bedroom | $250 | $1,850 | $2,100 |
| 4 Bedroom | -$140 | $2,600 | $2,460 |
Affordability — Winchester, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $352,000 |
| Median Household Income | $54,700 |