North Las Vegas appreciation rates and housing market information

North Las Vegas housing market information

With 115,489 people, 36,585 houses or apartments, and a median cost of homes of $197,855, North Las Vegas real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in North Las Vegas, accounting for 72.21% of the city's housing units. Other types of housing that are prevalent in North Las Vegas include large apartment complexes or high rise apartments (11.60%), duplexes, homes converted to apartments, or other small apartment buildings (11.01%), mobile homes or trailers (2.62%), and a few row houses and other attached homes (2.23%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in North Las Vegas. Owner-occupied housing accounts for 65.24% of North Las Vegas's homes, and 60.86% have either three or four bedrooms, which is average sized relative to America.

North Las Vegas homes and real estate are some of the newest in America. 39.74% of North Las Vegas's housing was built since 1995, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the North Las Vegas real estate market has to offer. Quit a bit of the housing here was also built between 1970-1994 (37.87%), and 1940-1969 (21.83%).

North Las Vegas home appreciation rates

In the last 10 years, North Las Vegas has experienced some of the highest home appreciation rates of any community in the nation. North Las Vegas real estate appreciated 120.80% over the last ten years, which is an average annual home appreciation rate of 12.08%, putting North Las Vegas in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, North Las Vegas definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, North Las Vegas appreciation rates have trailed the rest of the nation. In the last twelve months, North Las Vegas's appreciation rate has been -21.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Las Vegas were at 0.37%, which equates to an annual appreciation rate of 1.48%.

Relative to Nevada, our data show that North Las Vegas's latest annual appreciation rate is higher than 17% of the other cities and towns in Nevada.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within North Las Vegas differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Las Vegas - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best North Las Vegas real estate investment or home purchase decisions.