North Las Vegas, NV89085

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$508,000
1.8% YoY Growth
Median Household Income
$111,000
9.1% 5-Year Growth
Days on Market
49
54.0% Longer than last year
Home Price Forecast
0.3%
Median Rent
$2,420
3.2% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,380
5.4% YoY Growth

Property Listings — North Las Vegas, NV

As of Aug '25 and according to Realtor.com, the median days on market for a home in North Las Vegas, NV is 49. This is an increase of 54.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 67.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$525,0005.0%
Listing Count
18N/A
Listings as % of Homes0.8%N/A
Days on Market
4954.0%
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Demographics — North Las Vegas, NV

MetricLatest CensusYoY % Change
Population
4,62020.0%
% Under 18
27.6%13.1%
% Under 5N/AN/A
% Seniors
15.4%116.9%
% WFH
5.0%525.0%
% w/ College Degree
36.8%22.7%
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Race and Ethnicity

MetricLatest Census5-Year % Change
% White
46.9%-0.6%
% Black
16.0%72.0%
% Hispanic
19.2%-17.2%
% Asian
6.8%-58.0%
% Foreign Born
6.8%-55.6%
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Mortgage and Risk — North Las Vegas, NV

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in North Las Vegas, NV in that year was NA. NA of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was NA. Of those, NA were >90% loan to value. This is considered unknown, suggesting that mortgage risk is unknown in North Las Vegas, NV. Investor activity in North Las Vegas, NV is unknown, as NA of all loans are originated by investors. In 2023, NA of all loans were cash-out refinances, suggesting unknown homeowners are actively tapping their home's equity.

Mortgages

MetricZip Code AverageMetro AverageState Average
Total Loan Originations
N/AN/AN/A
% Conventional Loans
N/AN/AN/A
% Government Loans
N/AN/AN/A
% Investor Loans
N/AN/AN/A
% Second Loans
N/AN/AN/A
% Cash Out Refinance
N/AN/AN/A
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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 3.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays homeowners more than the average rental market rate for various home sizes. For each bedroom size, the average difference between HUD payments and market rents is shown in the table below.

Section 8 Market Size

Total Units under HUD
7
Total Units Section 8
7
% Rentals under Section 8
3.1%
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$2,220
2 BedroomN/AN/A$2,630
3 Bedroom$1,310$2,380$3,690
4 Bedroom$1,620$2,650$4,270

Affordability — North Las Vegas, NV

Home Price to Income Ratio

MetricZip Code AverageMetro AverageState Average
Home Price to Income Ratio4.4N/AN/A
Median Home Price$508,000N/AN/A
Median Household Income$111,000N/AN/A

North Las Vegas, NV — ZIP Code Boundary Map

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