Rhodes Ranch, Las Vegas, NV—89148
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rhodes Ranch, Las Vegas, NV
As of Oct '25, the median home price in Rhodes Ranch, Las Vegas, NV is $476,000, with a year-over-year change of -0.5%. This indicates that home prices in Rhodes Ranch, Las Vegas, NV are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $476,000 | -0.5% |
| Single Family | $495,000 | -1.2% |
| Condos | $259,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $213,000 | -2.7% |
2 Bed | $327,000 | -1.5% |
3 Bed | $453,000 | -1.5% |
4 Bed | $527,000 | -1.1% |
| 5 Bed | $651,000 | -0.5% |
% of Housing Stock
Rental Trends — Rhodes Ranch, Las Vegas, NV
As of July '25, Rentcast reports the average rent in Rhodes Ranch, Las Vegas, NV is $2,280, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Rhodes Ranch, Las Vegas, NV is studios: $1,730, 1-bedrooms: $1,380, 2-bedrooms: $1,880, 3-bedrooms: $2,210, 4-bedrooms: $2,480. The most common rental property sizes in Rhodes Ranch, Las Vegas, NV are 3-bedroom and 2-bedroom, accounting for 31.1% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,280 |
| Studio Rent | $1,570 | $1,730 |
| 1 Bed Rent | $1,450 | $1,380 |
| 2 Bed Rent | $1,800 | $1,880 |
| 3 Bed Rent | $2,100 | $2,210 |
| 4 Bed Rent | $2,380 | $2,480 |
% of Rental Stock
Property Listings — Rhodes Ranch, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Rhodes Ranch, Las Vegas, NV is 50. This is a increase of 22.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $540,000 | 0.0% |
Listing Count | 256 | 23.0% |
| Listings as % of Homes | 0.9% | 23.0% |
Days on Market | 50 | 22.0% |
Demographics — Rhodes Ranch, Las Vegas, NV
As of the latest ACS Survey released in 2023, Rhodes Ranch, Las Vegas, NV has a population of 64,000, which has increased by 20.9% over the past 5 years. Rhodes Ranch, Las Vegas, NV is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 37.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 64,000 | 20.9% |
% Under 18 | 21.4% | -21.3% |
% Seniors | 12.5% | 42.0% |
% WFH | 14.6% | 143.3% |
% w/ College Degree | 37.3% | 14.4% |
As of the latest ACS Survey released in 2023, Rhodes Ranch, Las Vegas, NV is a predominantly white area, with 38.7% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Rhodes Ranch, Las Vegas, NV is asian, making up 23.8% of the population. Foreign-born residents account for 26.2% of the population in Rhodes Ranch, Las Vegas, NV, and this percentage has increased by 1.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 38.7% | -6.1% |
% Black | 13.6% | 54.5% |
% Hispanic | 16.6% | -13.5% |
% Asian | 23.8% | 1.3% |
% Foreign Born | 26.2% | 1.9% |
Mortgage and Risk — Rhodes Ranch, Las Vegas, NV
Rhodes Ranch, Las Vegas, NV lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Rhodes Ranch, Las Vegas, NV
As of 2024, the percent of homes in Rhodes Ranch, Las Vegas, NV under the Section 8 program is 1.8%. 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 Rhodes Ranch, 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 | 175 |
Total Units Section 8 | 175 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,450 | $1,640 |
| 2 Bedroom | $140 | $1,800 | $1,940 |
| 3 Bedroom | $620 | $2,100 | $2,720 |
| 4 Bedroom | $770 | $2,380 | $3,150 |
Affordability — Rhodes Ranch, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $476,000 |
| Median Household Income | $94,900 |