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  5. /Paradise, Las Vegas, NV - 89119

Paradise, Las Vegas, NV—89119

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$267,000
5.7% YoY Growth
Household Income
$46,500
35.4% YoY Growth
Days on Market
66
10.0% Longer YoY
Home Price Forecast
-0.5%
Median Rent
$1,300
2.2% YoY Growth
1-Bed Rent
$1,000
4.0% YoY Growth
2-Bed Rent
$1,350
2.9% YoY Growth
3-Bed Rent
$1,750
1.1% YoY Growth

Other Zip Codes in Paradise, Las Vegas, NV

8911889120
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Paradise, Las Vegas, NV

As of May '26, the median home price in Paradise, Las Vegas, NV is $267,000, with a year-over-year change of -5.7%. This indicates that home prices in Paradise, Las Vegas, NV are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$267,000-5.7%
Single Family $389,000-2.5%
Condos $169,000-9.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $133,000
    -10.1%
    2 Bed
    		$188,000-8.3%
    3 Bed
    		$385,000-2.3%
    4 Bed
    		$438,000-2.7%
    5 Bed $535,989-0.9%
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    % of Housing Stock

    Studio
    12.3%
    1 Bedroom
    27.3%
    2 Bedrooms
    43.2%
    3 Bedrooms
    10.5%
    4 Bedrooms
    5.9%
    5+ Bedrooms
    0.8%

    Rental Trends — Paradise, Las Vegas, NV

    As of July '25, Rentcast reports the average rent in Paradise, Las Vegas, NV is $1,420, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Paradise, Las Vegas, NV is studios: $1,050, 1-bedrooms: $1,050, 2-bedrooms: $1,420, 3-bedrooms: $1,840, 4-bedrooms: $2,530. The most common rental property sizes in Paradise, Las Vegas, NV are 2-bedroom and 1-bedroom, accounting for 44.3% and 32.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,300$1,420
    Studio Rent $950$1,050
    1 Bed Rent $1,000$1,050
    2 Bed Rent $1,350$1,420
    3 Bed Rent $1,750$1,840
    4 Bed Rent $2,400$2,530
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    % of Rental Stock

    Studio
    14.0%
    1 Bedroom
    32.9%
    2 Bedrooms
    44.3%
    3 Bedrooms
    6.8%
    4 Bedrooms
    1.6%
    5+ Bedrooms
    0.3%

    Property Listings — Paradise, Las Vegas, NV

    As of May '26, Realtor.com reports that the median days on market for a home in Paradise, Las Vegas, NV is 66. This is a increase of 10.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$205,000-2.0%
    Listing Count
    		1631.0%
    Listings as % of Homes0.4%1.0%
    Days on Market
    		6610.0%
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    Demographics — Paradise, Las Vegas, NV

    As of the latest ACS Survey released in 2023, Paradise, Las Vegas, NV has a population of 50,600, which has decreased by -3.2% over the past 5 years. Paradise, Las Vegas, NV is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		50,600-3.2%
    % Under 18
    		18.7%-2.6%
    % Seniors
    		11.5%10.6%
    % WFH
    		6.9%392.9%
    % w/ College Degree
    		19.9%11.2%
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    As of the latest ACS Survey released in 2023, Paradise, Las Vegas, NV is a predominantly hispanic area, with 38.5% of the population identifying as hispanic. The hispanic population has shrunk by 12.1% in the last 5 years. The second most common race or ethnicity in Paradise, Las Vegas, NV is white, making up 29.1% of the population. Foreign-born residents account for 31.2% of the population in Paradise, Las Vegas, NV, and this percentage has decreased by 11.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		29.1%0.0%
    % Black
    		13.7%6.2%
    % Hispanic
    		38.5%-12.1%
    % Asian
    		11.4%20.0%
    % Foreign Born
    		31.2%-11.6%
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    Mortgage and Risk — Paradise, Las Vegas, NV

    According to HUD data as of 2023, there were 203 mortgage originations in Paradise, Las Vegas, NV, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Paradise, Las Vegas, NV. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		203
    % Conventional Loans
    		74.0%
    % Government Loans
    		26.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		4.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Paradise, Las Vegas, NV

    As of 2024, the percent of homes in Paradise, Las Vegas, NV under the Section 8 program is 2.9%. 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 Paradise, 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
    		553
    Total Units Section 8
    		486
    % Rentals under Section 8
    		2.9%
    % Occupied Section 8
    		95.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$310$1,000$1,310
    2 Bedroom$200$1,350$1,550
    3 Bedroom$420$1,750$2,170
    4 Bedroom$120$2,400$2,520

    Affordability — Paradise, Las Vegas, NV

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.8
    Median Home Price$267,000
    Median Household Income$46,500

    Paradise, Las Vegas, NV — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Paradise, Las Vegas, NV

    89120

    Frequently Asked Questions