North Las Vegas, NV—89032
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Las Vegas, NV
As of Oct '25, the median home price in North Las Vegas, NV is $391,000, with a year-over-year change of -0.8%. This indicates that home prices in North Las Vegas, NV are flat. 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 | $391,000 | -0.8% |
| Single Family | $395,000 | -1.5% |
| Condos | $213,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $264,000 | -1.9% |
3 Bed | $380,000 | -1.3% |
4 Bed | $421,000 | -1.4% |
| 5 Bed | $493,000 | -0.4% |
% of Housing Stock
Rental Trends — North Las Vegas, NV
As of July '25, Rentcast reports the average rent in North Las Vegas, NV is $1,980, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in North Las Vegas, NV is 1-bedrooms: $1,120, 2-bedrooms: $1,480, 3-bedrooms: $2,050, 4-bedrooms: $2,110. The most common rental property sizes in North Las Vegas, NV are 3-bedroom and 2-bedroom, accounting for 36.0% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,960 | $1,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,040 | $1,120 |
| 2 Bed Rent | $1,400 | $1,480 |
| 3 Bed Rent | $1,980 | $2,050 |
| 4 Bed Rent | $2,100 | $2,110 |
% of Rental Stock
Property Listings — North Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in North Las Vegas, NV is 62. This is a increase of 57.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | 1.0% |
Listing Count | 146 | 33.0% |
| Listings as % of Homes | 0.8% | 33.0% |
Days on Market | 62 | 57.0% |
Demographics — North Las Vegas, NV
As of the latest ACS Survey released in 2023, North Las Vegas, NV has a population of 48,100, which has increased by 9.1% over the past 5 years. North Las Vegas, NV is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,100 | 9.1% |
% Under 18 | 25.8% | -1.1% |
% Seniors | 10.7% | -7.8% |
% WFH | 6.3% | 142.3% |
% w/ College Degree | 16.5% | 17.9% |
As of the latest ACS Survey released in 2023, North Las Vegas, NV is a predominantly hispanic area, with 40.4% of the population identifying as hispanic. The hispanic population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in North Las Vegas, NV is black, making up 29.0% of the population. Foreign-born residents account for 20.0% of the population in North Las Vegas, NV, and this percentage has decreased by 17.0% 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 | 20.6% | -11.2% |
% Black | 29.0% | 12.4% |
% Hispanic | 40.4% | -1.0% |
% Asian | 6.1% | -7.6% |
% Foreign Born | 20.0% | -17.0% |
Mortgage and Risk — North Las Vegas, NV
According to HUD data as of 2023, there were 216 mortgage originations in North Las Vegas, NV, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in North Las Vegas, NV. Investor activity is low, as 5.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 216 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — North Las Vegas, NV
As of 2024, the percent of homes in North Las Vegas, NV under the Section 8 program is 7.0%. 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 North 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 | 445 |
Total Units Section 8 | 445 |
% Rentals under Section 8 | 7.0% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,040 | $1,380 |
| 2 Bedroom | $230 | $1,400 | $1,630 |
| 3 Bedroom | $300 | $1,980 | $2,280 |
| 4 Bedroom | $550 | $2,100 | $2,650 |
Affordability — North Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $391,000 |
| Median Household Income | $74,700 |