Providence, Las Vegas, NV—89166
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Providence, Las Vegas, NV
As of Oct '25, the median home price in Providence, Las Vegas, NV is $497,000, with a year-over-year change of 1.0%. This indicates that home prices in Providence, Las Vegas, NV are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $497,000 | 1.0% |
| Single Family | $507,000 | 0.6% |
| Condos | $234,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $457,000 | -0.2% |
4 Bed | $537,000 | 0.8% |
| 5 Bed | $649,000 | 1.7% |
% of Housing Stock
Rental Trends — Providence, Las Vegas, NV
As of July '25, Rentcast reports the average rent in Providence, Las Vegas, NV is $2,310, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Providence, Las Vegas, NV is studios: $1,450, 1-bedrooms: $1,290, 2-bedrooms: $1,590, 3-bedrooms: $2,290, 4-bedrooms: $2,610. The most common rental property sizes in Providence, Las Vegas, NV are 3-bedroom and 1-bedroom, accounting for 30.6% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,310 |
| Studio Rent | $1,450 | $1,450 |
| 1 Bed Rent | $1,250 | $1,290 |
| 2 Bed Rent | $1,450 | $1,590 |
| 3 Bed Rent | $2,200 | $2,290 |
| 4 Bed Rent | $2,450 | $2,610 |
% of Rental Stock
Property Listings — Providence, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Providence, Las Vegas, NV is 44. This is a increase of 38.0% 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 | $535,000 | -4.0% |
Listing Count | 262 | 17.0% |
| Listings as % of Homes | 1.6% | 17.0% |
Days on Market | 44 | 38.0% |
Demographics — Providence, Las Vegas, NV
As of the latest ACS Survey released in 2023, Providence, Las Vegas, NV has a population of 30,200, which has increased by 35.9% over the past 5 years. Providence, Las Vegas, NV is a popular place for families, as children make up 28.6% of the population. The area has a moderately educated workforce, with 41.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,200 | 35.9% |
% Under 18 | 28.6% | 4.0% |
% Seniors | 8.5% | 60.4% |
% WFH | 13.0% | 170.8% |
% w/ College Degree | 41.5% | 37.4% |
As of the latest ACS Survey released in 2023, Providence, Las Vegas, NV is a predominantly white area, with 48.9% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Providence, Las Vegas, NV is hispanic, making up 20.8% of the population. Foreign-born residents account for 9.8% of the population in Providence, Las Vegas, NV, and this percentage has decreased by 8.4% 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 | 48.9% | -10.9% |
% Black | 11.2% | -15.2% |
% Hispanic | 20.8% | 1.5% |
% Asian | 9.4% | 25.3% |
% Foreign Born | 9.8% | -8.4% |
Mortgage and Risk — Providence, Las Vegas, NV
Providence, 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 — Providence, Las Vegas, NV
As of 2024, the percent of homes in Providence, Las Vegas, NV under the Section 8 program is 1.2%. 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 Providence, 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 | 49 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $580 | $1,250 | $1,830 |
| 2 Bedroom | $720 | $1,450 | $2,170 |
| 3 Bedroom | $840 | $2,200 | $3,040 |
| 4 Bedroom | $1,070 | $2,450 | $3,520 |
Affordability — Providence, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $497,000 |
| Median Household Income | $106,000 |