Pahrump, NV—89061
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 $381,000, with a year-over-year change of 3.2%. This indicates that home prices in Pahrump, NV are increasing. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $381,000 | 3.3% |
| Single Family | $382,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $339,000 | 2.1% |
3 Bed | $381,000 | 1.3% |
4 Bed | $432,000 | 1.6% |
| 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 $2,130, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in Pahrump, NV is 1-bedrooms: $1,100, 2-bedrooms: $2,040, 3-bedrooms: $2,170, 4-bedrooms: $2,310. The most common rental property sizes in Pahrump, NV are 4-bedroom and 3-bedroom, accounting for 48.0% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $2,100 | $2,040 |
| 3 Bed Rent | $2,100 | $2,170 |
| 4 Bed Rent | $2,200 | $2,310 |
% 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 65. This is a increase of 42.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $407,000 | -5.0% |
Listing Count | 126 | 3.0% |
| Listings as % of Homes | 2.1% | 3.0% |
Days on Market | 65 | 42.0% |
Demographics — Pahrump, NV
As of the latest ACS Survey released in 2023, Pahrump, NV has a population of 7,840, which has increased by 34.4% over the past 5 years. Pahrump, NV is a less popular place for families, as children make up 12.3% of the population. The area has a poorly educated workforce, with 14.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,840 | 34.4% |
% Under 18 | 12.3% | -19.1% |
% Seniors | 34.7% | -15.8% |
% WFH | 9.2% | 87.8% |
% w/ College Degree | 14.3% | -13.9% |
As of the latest ACS Survey released in 2023, Pahrump, NV is a predominantly white area, with 67.1% of the population identifying as white. The white population has shrunk by 14.0% in the last 5 years. The second most common race or ethnicity in Pahrump, NV is hispanic, making up 17.8% of the population. Foreign-born residents account for 5.7% of the population in Pahrump, NV, and this percentage has decreased by 6.6% 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 | 67.1% | -14.0% |
% Black | 1.5% | -11.8% |
% Hispanic | 17.8% | 57.5% |
% Asian | 2.3% | 0.0% |
% Foreign Born | 5.7% | -6.6% |
Mortgage and Risk — Pahrump, NV
According to HUD data as of 2023, there were 163 mortgage originations in Pahrump, NV, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 37.0% 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. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 163 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
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 | 18 |
Total Units Section 8 | 18 |
% 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 | $270 | $1,100 | $1,370 |
| 2 Bedroom | -$440 | $2,100 | $1,660 |
| 3 Bedroom | $180 | $2,100 | $2,280 |
| 4 Bedroom | $420 | $2,200 | $2,620 |
Affordability — Pahrump, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $381,000 |
| Median Household Income | $69,600 |