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Centennial Hills, Las Vegas, NV—89131

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$536,000
0.1% YoY Growth
Household Income
$114,000
22.5% YoY Growth
Days on Market
77
21.0% Longer YoY
Home Price Forecast
1.0%
Median Rent
$2,200
0.4% YoY Growth
1-Bed Rent
$1,380
6.6% YoY Growth
2-Bed Rent
$1,900
7.3% YoY Growth
3-Bed Rent
$2,100
0.5% YoY Growth

Other Zip Codes in Centennial Hills, Las Vegas, NV

89149
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Centennial Hills, Las Vegas, NV

As of Dec '25, the median home price in Centennial Hills, Las Vegas, NV is $536,000, with a year-over-year change of 0.1%. This indicates that home prices in Centennial Hills, Las Vegas, NV are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$536,0000.1%
Single Family $543,000-0.5%
Condos $311,000-1.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $230,000
    -3.0%
    2 Bed
    		$357,000-1.7%
    3 Bed
    		$445,000-1.5%
    4 Bed
    		$610,0000.0%
    5 Bed $782,9450.6%
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    % of Housing Stock

    Studio
    1.8%
    1 Bedroom
    3.3%
    2 Bedrooms
    5.4%
    3 Bedrooms
    40.3%
    4 Bedrooms
    36.8%
    5+ Bedrooms
    12.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,200$2,320
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    4.3%
    1 Bedroom
    12.4%
    2 Bedrooms
    12.1%
    3 Bedrooms
    50.0%
    4 Bedrooms
    19.1%
    5+ Bedrooms
    2.1%

    Property Listings — Centennial Hills, Las Vegas, NV

    As of Dec '25, Realtor.com reports that the median days on market for a home in Centennial Hills, Las Vegas, NV is 67. This is a increase of 30.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$619,000-4.0%
    Listing Count
    		23031.0%
    Listings as % of Homes1.2%31.0%
    Days on Market
    		7721.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		50,6003.8%
    % Under 18
    		24.3%-8.3%
    % Seniors
    		16.1%20.1%
    % WFH
    		10.1%94.2%
    % w/ College Degree
    		34.5%11.7%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.5
    Median Home Price$536,000
    Median Household Income$114,000

    Centennial Hills, Las Vegas, NV — ZIP Code Boundary Map

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    Nearby ZIP Codes

    North Las Vegas, NV

    89085

    Skye Canyon, Las Vegas, NV

    89143

    Tule Springs, Las Vegas, NV

    89130

    Centennial Hills, Las Vegas, NV

    89149

    North Las Vegas, NV

    89084

    Frequently Asked Questions