Pahrump, NV 89048 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pahrump, NV—89048

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$366,000

2.4% YoY Growth

Household Income

$55,700

29.2% YoY Growth

Days on Market

21.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$1,400

9.4% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,200

1.6% YoY Growth

3-Bed Rent

$1,500

1.9% YoY Growth

Other Zip Codes in Pahrump, NV

89060 89061

Home Price Trends — Pahrump, NV

As of Dec '25, the median home price in Pahrump, NV is $366,000, with a year-over-year change of 2.4%. This indicates that home prices in Pahrump, NV are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$366,000	2.4%
Single Family	$368,000	2.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Pahrump, NV

As of July '25, Rentcast reports the average rent in Pahrump, NV is $1,510, with a year-over-year rent change of 9.4%. Per bedroom, the median rent as of July '25 in Pahrump, NV is studios: $5,100, 2-bedrooms: $1,270, 3-bedrooms: $1,580, 4-bedrooms: $1,690. The most common rental property sizes in Pahrump, NV are 2-bedroom and 3-bedroom, accounting for 48.3% and 39.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,510
Studio Rent	$5,100	$5,100
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,200	$1,270
3 Bed Rent	$1,500	$1,580
4 Bed Rent	$1,600	$1,690

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% of Rental Stock

Studio

3.6%

1 Bedroom

5.7%

2 Bedrooms

48.3%

3 Bedrooms

39.1%

4 Bedrooms

3.4%

Property Listings — Pahrump, NV

As of Dec '25, Realtor.com reports that the median days on market for a home in Pahrump, NV is 79. This is a increase of 22.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$442,000	1.0%
Listing Count	172	37.0%
Listings as % of Homes	1.0%	37.0%
Days on Market	88	21.0%

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Demographics — Pahrump, NV

As of the latest ACS Survey released in 2023, Pahrump, NV has a population of 25,500, which has increased by 19.0% over the past 5 years. Pahrump, NV is a moderately popular place for families, as children make up 17.4% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	25,500	19.0%
% Under 18	17.4%	-3.3%
% Seniors	31.5%	8.2%
% WFH	12.0%	185.7%
% w/ College Degree	12.6%	5.0%

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As of the latest ACS Survey released in 2023, Pahrump, NV is a predominantly white area, with 70.7% of the population identifying as white. The white population has shrunk by 13.5% in the last 5 years. The second most common race or ethnicity in Pahrump, NV is hispanic, making up 13.5% of the population. Foreign-born residents account for 7.8% of the population in Pahrump, NV, and this percentage has increased by 39.3% 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	70.7%	-13.5%
% Black	3.2%	113.3%
% Hispanic	13.5%	28.6%
% Asian	2.0%	-13.0%
% Foreign Born	7.8%	39.3%

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Mortgage and Risk — Pahrump, NV

According to HUD data as of 2023, there were 622 mortgage originations in Pahrump, NV, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Pahrump, NV. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	622
% Conventional Loans	52.0%
% Government Loans	48.0%
% Investor Loans	1.0%
% Second Loans	3.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Pahrump, NV

Pahrump, NV lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	331
Total Units Section 8	331
% Rentals under Section 8	N/A
% Occupied Section 8	65.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,040
2 Bedroom	$60	$1,200	$1,260
3 Bedroom	$230	$1,500	$1,730
4 Bedroom	$390	$1,600	$1,990

Pahrump, NV—89048

Key Metrics at a Glance

Other Zip Codes in Pahrump, NV

Home Price Trends — Pahrump, NV

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pahrump, NV

% of Rental Stock

Property Listings — Pahrump, NV

Demographics — Pahrump, NV

Race and Ethnicity

Mortgage and Risk — Pahrump, NV

Mortgages

Rentals and Section 8 — Pahrump, NV

Section 8 Market Size

Section 8 Opportunity

Affordability — Pahrump, NV

Home Price to Income Ratio

Pahrump, NV — ZIP Code Boundary Map

Nearby ZIP Codes

Pahrump, NV

Pahrump, NV

Tecopa

Desert View Point, NV

Indian Springs

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.4
Median Home Price	$366,000
Median Household Income	$55,700

Pahrump, NV—89048

Key Metrics at a Glance

Other Zip Codes in Pahrump, NV

Home Price Trends — Pahrump, NV

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pahrump, NV

% of Rental Stock

Property Listings — Pahrump, NV

Demographics — Pahrump, NV

Race and Ethnicity

Mortgage and Risk — Pahrump, NV

Mortgages

Rentals and Section 8 — Pahrump, NV

Section 8 Market Size

Section 8 Opportunity

Affordability — Pahrump, NV

Home Price to Income Ratio

Pahrump, NV — ZIP Code Boundary Map

Nearby ZIP Codes

Pahrump, NV

Pahrump, NV

Tecopa

Desert View Point, NV

Indian Springs

Frequently Asked Questions

What is the average home price in Pahrump, NV 89048?

How have home prices in Pahrump, NV 89048 changed over the past year?

What is the home price projection for Pahrump, NV 89048?

What are the demographics of Pahrump, NV 89048?

How long does it take homes to sell in Pahrump, NV 89048?

What is the average rent price in Pahrump, NV 89048?