Centennial Hills, Las Vegas, NV—89131
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Centennial Hills, Las Vegas, NV
Home Price Trends — Centennial Hills, Las Vegas, NV
As of Oct '25, the median home price in Centennial Hills, Las Vegas, NV is $539,000, with a year-over-year change of 0.8%. This indicates that home prices in Centennial Hills, 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 | $539,000 | 0.8% |
| Single Family | $547,000 | 0.2% |
| Condos | $312,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $230,000 | -3.0% |
2 Bed | $359,000 | -1.4% |
3 Bed | $447,000 | -1.1% |
4 Bed | $613,000 | 0.5% |
| 5 Bed | $787,000 | 1.0% |
% of Housing Stock
Rental Trends — Centennial Hills, Las Vegas, NV
As of July '25, Rentcast reports the average rent in Centennial Hills, Las Vegas, NV is $2,320, with a year-over-year rent change of -0.4%. Per bedroom, the median rent as of July '25 in Centennial Hills, Las Vegas, NV is 1-bedrooms: $1,270, 2-bedrooms: $2,030, 3-bedrooms: $2,150, 4-bedrooms: $2,700. The most common rental property sizes in Centennial Hills, Las Vegas, NV are 3-bedroom and 4-bedroom, accounting for 50.0% and 19.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,380 | $1,270 |
| 2 Bed Rent | $1,900 | $2,030 |
| 3 Bed Rent | $2,100 | $2,150 |
| 4 Bed Rent | $2,520 | $2,700 |
% of Rental Stock
Property Listings — Centennial Hills, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Centennial Hills, Las Vegas, NV is 60. This is a increase of 40.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $599,000 | -5.0% |
Listing Count | 276 | 42.0% |
| Listings as % of Homes | 1.2% | 42.0% |
Days on Market | 60 | 40.0% |
Demographics — Centennial Hills, Las Vegas, NV
As of the latest ACS Survey released in 2023, Centennial Hills, Las Vegas, NV has a population of 50,600, which has increased by 3.8% over the past 5 years. Centennial Hills, Las Vegas, NV is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 34.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,600 | 3.8% |
% Under 18 | 24.3% | -8.3% |
% Seniors | 16.1% | 20.1% |
% WFH | 10.1% | 94.2% |
% w/ College Degree | 34.5% | 11.7% |
As of the latest ACS Survey released in 2023, Centennial Hills, Las Vegas, NV is a predominantly white area, with 60.7% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Centennial Hills, Las Vegas, NV is hispanic, making up 16.1% of the population. Foreign-born residents account for 8.5% of the population in Centennial Hills, Las Vegas, NV, and this percentage has decreased by 9.6% 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 | 60.7% | -2.3% |
% Black | 10.3% | 5.1% |
% Hispanic | 16.1% | -2.4% |
% Asian | 4.6% | -25.8% |
% Foreign Born | 8.5% | -9.6% |
Mortgage and Risk — Centennial Hills, Las Vegas, NV
According to HUD data as of 2023, there were 791 mortgage originations in Centennial Hills, Las Vegas, NV, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Centennial Hills, Las Vegas, NV. Investor activity is low, as 1.0% 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 | 791 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Centennial Hills, Las Vegas, NV
As of 2024, the percent of homes in Centennial Hills, Las Vegas, NV under the Section 8 program is 2.5%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Centennial Hills, Las Vegas, NV, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 95 |
Total Units Section 8 | 95 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,380 | $1,560 |
| 2 Bedroom | -$50 | $1,900 | $1,850 |
| 3 Bedroom | $490 | $2,100 | $2,590 |
| 4 Bedroom | $480 | $2,520 | $3,000 |
Affordability — Centennial Hills, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $539,000 |
| Median Household Income | $114,000 |