Paradise, Las Vegas, NV89119

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$273,000
2.6% YoY Growth
Median Household Income
$46,500
35.4% 5-Year Growth
Days on Market
68
43.0% Longer than last year
Home Price Forecast
0.2%
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

Property Listings — Paradise, Las Vegas, NV

As of Oct '25, Realtor.com reports that the median days on market for a home in Paradise, Las Vegas, NV is 68. This is a increase of 43.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$229,000-4.0%
Listing Count
18033.0%
Listings as % of Homes0.4%33.0%
Days on Market
6843.0%
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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%

Loan Activity

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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 Ratio5.7
Median Home Price$273,000
Median Household Income$46,500

Paradise, Las Vegas, NV — ZIP Code Boundary Map

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Frequently Asked Questions