Pahrump, NV—89060
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pahrump, NV
As of Oct '25, the median home price in Pahrump, NV is $319,000, with a year-over-year change of 1.8%. This indicates that home prices in Pahrump, NV are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $319,000 | 1.8% |
| Single Family | $320,000 | 0.9% |
| Condos | N/A | N/A |
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 | $348,000 | 1.8% |
4 Bed | $399,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pahrump, NV
As of July '25, Rentcast reports the average rent in Pahrump, NV is $1,370, with a year-over-year rent change of -15.4%. Per bedroom, the median rent as of July '25 in Pahrump, NV is studios: $1,250, 1-bedrooms: $800, 2-bedrooms: $1,210, 3-bedrooms: $1,750, 4-bedrooms: $1,200. The most common rental property sizes in Pahrump, NV are 2-bedroom and 3-bedroom, accounting for 40.6% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,370 |
| Studio Rent | $1,250 | $1,250 |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $1,150 | $1,210 |
| 3 Bed Rent | $1,500 | $1,750 |
| 4 Bed Rent | $1,200 | $1,200 |
% of Rental Stock
Property Listings — Pahrump, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Pahrump, NV is 64. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $406,000 | 5.0% |
Listing Count | 63 | 17.0% |
| Listings as % of Homes | 0.6% | 17.0% |
Days on Market | 64 | 1.0% |
Demographics — Pahrump, NV
As of the latest ACS Survey released in 2023, Pahrump, NV has a population of 12,800, which has increased by 41.4% over the past 5 years. Pahrump, NV is a moderately popular place for families, as children make up 16.7% of the population. The area has a poorly educated workforce, with 11.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,800 | 41.4% |
% Under 18 | 16.7% | 39.2% |
% Seniors | 30.7% | -5.5% |
% WFH | 9.0% | 650.0% |
% w/ College Degree | 11.1% | 54.2% |
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 4.3% in the last 5 years. The second most common race or ethnicity in Pahrump, NV is hispanic, making up 20.3% of the population. Foreign-born residents account for 8.9% of the population in Pahrump, NV, and this percentage has increased by 11.2% 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% | -4.3% |
% Black | 1.3% | -75.5% |
% Hispanic | 20.3% | 27.7% |
% Asian | 2.3% | 130.0% |
% Foreign Born | 8.9% | 11.2% |
Mortgage and Risk — Pahrump, NV
According to HUD data as of 2023, there were 303 mortgage originations in Pahrump, NV, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Pahrump, NV. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 303 |
% Conventional Loans | 48.0% |
% Government Loans | 52.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Pahrump, NV
Pahrump, NV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 57 |
Total Units Section 8 | 57 |
% 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 | $180 | $800 | $980 |
| 2 Bedroom | $80 | $1,150 | $1,230 |
| 3 Bedroom | -$10 | $1,500 | $1,490 |
| 4 Bedroom | $820 | $1,200 | $2,020 |
Affordability — Pahrump, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $319,000 |
| Median Household Income | $49,000 |