Tule Springs, Las Vegas, NV—89130
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tule Springs, Las Vegas, NV
As of Oct '25, the median home price in Tule Springs, Las Vegas, NV is $442,000, with a year-over-year change of -1.1%. This indicates that home prices in Tule Springs, Las Vegas, NV are decreasing. 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 | $442,000 | -1.1% |
| Single Family | $449,000 | -1.8% |
| Condos | $241,000 | -3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $314,000 | -1.6% |
3 Bed | $419,000 | -1.9% |
4 Bed | $495,000 | -1.2% |
| 5 Bed | $596,000 | 0.0% |
% of Housing Stock
Rental Trends — Tule Springs, Las Vegas, NV
As of July '25, Rentcast reports the average rent in Tule Springs, Las Vegas, NV is $2,040, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Tule Springs, Las Vegas, NV is studios: $1,400, 1-bedrooms: $1,090, 2-bedrooms: $1,530, 3-bedrooms: $2,030, 4-bedrooms: $2,200. The most common rental property sizes in Tule Springs, Las Vegas, NV are 3-bedroom and 2-bedroom, accounting for 37.9% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,040 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,200 | $1,090 |
| 2 Bed Rent | $1,500 | $1,530 |
| 3 Bed Rent | $2,000 | $2,030 |
| 4 Bed Rent | $2,160 | $2,200 |
% of Rental Stock
Property Listings — Tule Springs, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Tule Springs, Las Vegas, NV is 49. This is a increase of 62.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $471,000 | 4.0% |
Listing Count | 185 | 30.0% |
| Listings as % of Homes | 0.9% | 30.0% |
Days on Market | 49 | 62.0% |
Demographics — Tule Springs, Las Vegas, NV
As of the latest ACS Survey released in 2023, Tule Springs, Las Vegas, NV has a population of 35,200, which has decreased by -1.7% over the past 5 years. Tule Springs, Las Vegas, NV is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,200 | -1.7% |
% Under 18 | 20.8% | 1.5% |
% Seniors | 20.3% | 11.5% |
% WFH | 8.8% | 114.6% |
% w/ College Degree | 23.1% | 5.5% |
As of the latest ACS Survey released in 2023, Tule Springs, Las Vegas, NV is a predominantly white area, with 48.6% of the population identifying as white. The white population has shrunk by 11.5% in the last 5 years. The second most common race or ethnicity in Tule Springs, Las Vegas, NV is hispanic, making up 22.2% of the population. Foreign-born residents account for 13.5% of the population in Tule Springs, Las Vegas, NV, and this percentage has increased by 4.7% 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 | 48.6% | -11.5% |
% Black | 17.2% | 35.4% |
% Hispanic | 22.2% | 3.3% |
% Asian | 4.7% | -27.7% |
% Foreign Born | 13.5% | 4.7% |
Mortgage and Risk — Tule Springs, Las Vegas, NV
According to HUD data as of 2023, there were 648 mortgage originations in Tule Springs, Las Vegas, NV, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Tule Springs, Las Vegas, NV. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 648 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Tule Springs, Las Vegas, NV
As of 2024, the percent of homes in Tule Springs, Las Vegas, NV under the Section 8 program is 4.5%. 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 Tule Springs, 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 | 181 |
Total Units Section 8 | 170 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $1,200 | $1,650 |
| 2 Bedroom | $460 | $1,500 | $1,960 |
| 3 Bedroom | $750 | $2,000 | $2,750 |
| 4 Bedroom | $1,020 | $2,160 | $3,180 |
Affordability — Tule Springs, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $442,000 |
| Median Household Income | $82,600 |