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Providence, Las Vegas, NV—89166

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$495,000
0.5% YoY Growth
Household Income
$106,000
17.8% YoY Growth
Days on Market
70
14.0% Longer YoY
Home Price Forecast
1.2%
Median Rent
$2,250
2.1% YoY Growth
1-Bed Rent
$1,250
0.8% YoY Growth
2-Bed Rent
$1,450
7.0% YoY Growth
3-Bed Rent
$2,200
1.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Providence, Las Vegas, NV

As of Dec '25, the median home price in Providence, Las Vegas, NV is $495,000, with a year-over-year change of 0.5%. This indicates that home prices in Providence, Las Vegas, NV are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$495,0000.5%
Single Family $505,0000.0%
Condos $235,000-0.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$456,000-0.4%
    4 Bed
    		$535,0000.4%
    5 Bed $645,8071.2%
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    % of Housing Stock

    Studio
    0.8%
    1 Bedroom
    8.5%
    2 Bedrooms
    9.6%
    3 Bedrooms
    47.4%
    4 Bedrooms
    29.1%
    5+ Bedrooms
    4.6%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    2.9%
    1 Bedroom
    30.3%
    2 Bedrooms
    24.5%
    3 Bedrooms
    30.6%
    4 Bedrooms
    11.7%

    Property Listings — Providence, Las Vegas, NV

    As of Dec '25, Realtor.com reports that the median days on market for a home in Providence, Las Vegas, NV is 49. This is a increase of 24.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$550,0000.0%
    Listing Count
    		21719.0%
    Listings as % of Homes1.6%19.0%
    Days on Market
    		7014.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		30,20035.9%
    % Under 18
    		28.6%4.0%
    % Seniors
    		8.5%60.4%
    % WFH
    		13.0%170.8%
    % w/ College Degree
    		41.5%37.4%
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    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

    MetricLatest Census5-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%
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    Mortgage and Risk — Providence, Las Vegas, NV

    Providence, Las Vegas, NV lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$495,000
    Median Household Income$106,000

    Providence, Las Vegas, NV — ZIP Code Boundary Map

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    Frequently Asked Questions