Summerlin South, Las Vegas, NV—89135
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summerlin South, Las Vegas, NV
As of Oct '25, the median home price in Summerlin South, Las Vegas, NV is $711,000, with a year-over-year change of 3.7%. This indicates that home prices in Summerlin South, Las Vegas, NV are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $711,000 | 3.7% |
| Single Family | $719,000 | 3.3% |
| Condos | $589,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $372,000 | 1.4% |
2 Bed | $566,000 | 2.4% |
3 Bed | $622,000 | 2.0% |
4 Bed | $919,000 | 4.1% |
| 5 Bed | $2,066,000 | 9.1% |
% of Housing Stock
Rental Trends — Summerlin South, Las Vegas, NV
As of July '25, Rentcast reports the average rent in Summerlin South, Las Vegas, NV is $3,230, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Summerlin South, Las Vegas, NV is 1-bedrooms: $1,800, 2-bedrooms: $2,700, 3-bedrooms: $3,010, 4-bedrooms: $3,780. The most common rental property sizes in Summerlin South, Las Vegas, NV are 3-bedroom and 2-bedroom, accounting for 37.1% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,770 | $1,800 |
| 2 Bed Rent | $2,400 | $2,700 |
| 3 Bed Rent | $2,600 | $3,010 |
| 4 Bed Rent | $3,000 | $3,780 |
% of Rental Stock
Property Listings — Summerlin South, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Summerlin South, Las Vegas, NV is 51. This is a increase of 20.0% 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 | $945,000 | 9.0% |
Listing Count | 341 | 42.0% |
| Listings as % of Homes | 1.5% | 42.0% |
Days on Market | 51 | 20.0% |
Demographics — Summerlin South, Las Vegas, NV
As of the latest ACS Survey released in 2023, Summerlin South, Las Vegas, NV has a population of 31,400, which has increased by 13.7% over the past 5 years. Summerlin South, Las Vegas, NV is a moderately popular place for families, as children make up 18.6% of the population. The area has a highly educated workforce, with 50.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,400 | 13.7% |
% Under 18 | 18.6% | -10.1% |
% Seniors | 25.7% | 11.3% |
% WFH | 20.0% | 63.9% |
% w/ College Degree | 50.3% | 2.9% |
As of the latest ACS Survey released in 2023, Summerlin South, Las Vegas, NV is a predominantly white area, with 60.8% of the population identifying as white. The white population has shrunk by 10.3% in the last 5 years. The second most common race or ethnicity in Summerlin South, Las Vegas, NV is asian, making up 15.0% of the population. Foreign-born residents account for 17.4% of the population in Summerlin South, Las Vegas, NV, and this percentage has increased by 5.5% 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 | 60.8% | -10.3% |
% Black | 2.3% | -54.9% |
% Hispanic | 13.2% | 24.5% |
% Asian | 15.0% | 20.0% |
% Foreign Born | 17.4% | 5.5% |
Mortgage and Risk — Summerlin South, Las Vegas, NV
Summerlin South, Las Vegas, NV lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Summerlin South, Las Vegas, NV
As of 2024, the percent of homes in Summerlin South, Las Vegas, NV under the Section 8 program is 0.2%. 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 Summerlin South, 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 | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $1,770 | $2,220 |
| 2 Bedroom | $230 | $2,400 | $2,630 |
| 3 Bedroom | $1,090 | $2,600 | $3,690 |
| 4 Bedroom | $1,270 | $3,000 | $4,270 |
Affordability — Summerlin South, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $711,000 |
| Median Household Income | $115,000 |