Centennial Hills, Las Vegas, NV—89149
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Centennial Hills, Las Vegas, NV
Home Price Trends — Centennial Hills, Las Vegas, NV
As of Oct '25, the median home price in Centennial Hills, Las Vegas, NV is $496,000, with a year-over-year change of 0.2%. This indicates that home prices in Centennial Hills, Las Vegas, NV are flat. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $496,000 | 0.2% |
| Single Family | $524,000 | -0.2% |
| Condos | $285,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $190,000 | -4.5% |
2 Bed | $318,000 | -2.2% |
3 Bed | $411,000 | -1.7% |
4 Bed | $660,000 | 0.9% |
| 5 Bed | $817,000 | 1.2% |
% of Housing Stock
Rental Trends — Centennial Hills, Las Vegas, NV
As of July '25, Rentcast reports the average rent in Centennial Hills, Las Vegas, NV is $2,100, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Centennial Hills, Las Vegas, NV is studios: $1,390, 1-bedrooms: $1,250, 2-bedrooms: $1,650, 3-bedrooms: $2,060, 4-bedrooms: $2,580. The most common rental property sizes in Centennial Hills, Las Vegas, NV are 3-bedroom and 2-bedroom, accounting for 29.6% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,100 |
| Studio Rent | $1,390 | $1,390 |
| 1 Bed Rent | $1,200 | $1,250 |
| 2 Bed Rent | $1,600 | $1,650 |
| 3 Bed Rent | $1,970 | $2,060 |
| 4 Bed Rent | $2,300 | $2,580 |
% of Rental Stock
Property Listings — Centennial Hills, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Centennial Hills, Las Vegas, NV is 56. This is a increase of 32.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $625,000 | -20.0% |
Listing Count | 274 | 28.0% |
| Listings as % of Homes | 1.2% | 28.0% |
Days on Market | 56 | 32.0% |
Demographics — Centennial Hills, Las Vegas, NV
As of the latest ACS Survey released in 2023, Centennial Hills, Las Vegas, NV has a population of 45,000, which has increased by 14.3% over the past 5 years. Centennial Hills, Las Vegas, NV is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 37.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,000 | 14.3% |
% Under 18 | 22.3% | -12.9% |
% Seniors | 14.2% | 11.8% |
% WFH | 12.3% | 75.7% |
% w/ College Degree | 37.0% | 16.0% |
As of the latest ACS Survey released in 2023, Centennial Hills, Las Vegas, NV is a predominantly white area, with 54.7% of the population identifying as white. The white population has shrunk by 13.6% in the last 5 years. The second most common race or ethnicity in Centennial Hills, Las Vegas, NV is hispanic, making up 17.5% of the population. Foreign-born residents account for 11.3% of the population in Centennial Hills, Las Vegas, NV, and this percentage has increased by 18.9% 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 | 54.7% | -13.6% |
% Black | 12.1% | 17.5% |
% Hispanic | 17.5% | 16.7% |
% Asian | 7.0% | 16.7% |
% Foreign Born | 11.3% | 18.9% |
Mortgage and Risk — Centennial Hills, Las Vegas, NV
According to HUD data as of 2023, there were 135 mortgage originations in Centennial Hills, Las Vegas, NV, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Centennial Hills, Las Vegas, NV. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 135 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Centennial Hills, Las Vegas, NV
As of 2024, the percent of homes in Centennial Hills, Las Vegas, NV under the Section 8 program is 2.6%. 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 Centennial Hills, 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 | 133 |
Total Units Section 8 | 133 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,200 | $1,480 |
| 2 Bedroom | $160 | $1,600 | $1,760 |
| 3 Bedroom | $500 | $1,970 | $2,470 |
| 4 Bedroom | $560 | $2,300 | $2,860 |
Affordability — Centennial Hills, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $496,000 |
| Median Household Income | $99,100 |