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  5. /Tule Springs, Las Vegas, NV - 89130

Tule Springs, Las Vegas, NV—89130

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$444,000
2.5% YoY Growth
Household Income
$82,600
28.1% YoY Growth
Days on Market
50
45.0% Longer YoY
Home Price Forecast
-0.2%
Median Rent
$2,000
4.2% YoY Growth
1-Bed Rent
$1,200
0.9% YoY Growth
2-Bed Rent
$1,500
6.7% YoY Growth
3-Bed Rent
$2,000
2.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Tule Springs, Las Vegas, NV

As of May '26, the median home price in Tule Springs, Las Vegas, NV is $444,000, with a year-over-year change of -2.5%. This indicates that home prices in Tule Springs, Las Vegas, NV are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$444,000-2.5%
Single Family $451,000-2.4%
Condos $231,000-6.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$309,000-3.7%
    3 Bed
    		$420,000-2.6%
    4 Bed
    		$497,000-2.2%
    5 Bed $601,344-1.3%
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    3.9%
    2 Bedrooms
    16.5%
    3 Bedrooms
    46.7%
    4 Bedrooms
    25.3%
    5+ Bedrooms
    6.7%

    Rental Trends — Tule Springs, Las Vegas, NV

    As of July '25, Rentcast reports the average rent in Tule Springs, Las Vegas, NV is $2,040, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Tule Springs, Las Vegas, NV is studios: $1,400, 1-bedrooms: $1,090, 2-bedrooms: $1,530, 3-bedrooms: $2,030, 4-bedrooms: $2,200. The most common rental property sizes in Tule Springs, Las Vegas, NV are 3-bedroom and 2-bedroom, accounting for 37.9% and 32.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,040
    Studio Rent $1,400$1,400
    1 Bed Rent $1,200$1,090
    2 Bed Rent $1,500$1,530
    3 Bed Rent $2,000$2,030
    4 Bed Rent $2,160$2,200
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    % of Rental Stock

    Studio
    2.2%
    1 Bedroom
    13.7%
    2 Bedrooms
    32.2%
    3 Bedrooms
    37.9%
    4 Bedrooms
    11.1%
    5+ Bedrooms
    3.0%

    Property Listings — Tule Springs, Las Vegas, NV

    As of May '26, Realtor.com reports that the median days on market for a home in Tule Springs, Las Vegas, NV is 50. This is a increase of 45.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$460,0009.0%
    Listing Count
    		18320.0%
    Listings as % of Homes0.9%20.0%
    Days on Market
    		5045.0%
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    Demographics — Tule Springs, Las Vegas, NV

    As of the latest ACS Survey released in 2023, Tule Springs, Las Vegas, NV has a population of 35,200, which has decreased by -1.7% over the past 5 years. Tule Springs, Las Vegas, NV is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		35,200-1.7%
    % Under 18
    		20.8%1.5%
    % Seniors
    		20.3%11.5%
    % WFH
    		8.8%114.6%
    % w/ College Degree
    		23.1%5.5%
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    As of the latest ACS Survey released in 2023, Tule Springs, Las Vegas, NV is a predominantly white area, with 48.6% of the population identifying as white. The white population has shrunk by 11.5% in the last 5 years. The second most common race or ethnicity in Tule Springs, Las Vegas, NV is hispanic, making up 22.2% of the population. Foreign-born residents account for 13.5% of the population in Tule Springs, Las Vegas, NV, and this percentage has increased by 4.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		48.6%-11.5%
    % Black
    		17.2%35.4%
    % Hispanic
    		22.2%3.3%
    % Asian
    		4.7%-27.7%
    % Foreign Born
    		13.5%4.7%
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    Mortgage and Risk — Tule Springs, Las Vegas, NV

    According to HUD data as of 2023, there were 648 mortgage originations in Tule Springs, Las Vegas, NV, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Tule Springs, Las Vegas, NV. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		648
    % Conventional Loans
    		65.0%
    % Government Loans
    		35.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Tule Springs, Las Vegas, NV

    As of 2024, the percent of homes in Tule Springs, Las Vegas, NV under the Section 8 program is 4.5%. 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 Tule Springs, 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
    		181
    Total Units Section 8
    		170
    % Rentals under Section 8
    		4.5%
    % Occupied Section 8
    		98.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$450$1,200$1,650
    2 Bedroom$460$1,500$1,960
    3 Bedroom$750$2,000$2,750
    4 Bedroom$1,020$2,160$3,180

    Affordability — Tule Springs, Las Vegas, NV

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.2
    Median Home Price$444,000
    Median Household Income$82,600

    Tule Springs, Las Vegas, NV — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Twin Lakes, Las Vegas, NV

    89108

    Centennial Hills, Las Vegas, NV

    89131

    North Las Vegas, NV

    89031

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    89032

    North Las Vegas, NV

    89085

    Frequently Asked Questions