With a population of 234,807, 68,001 total housing units (homes and apartments), and a median house value of $202,730, 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 75.27% 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 ( 13.96%), duplexes, homes converted to apartments or other small apartment buildings ( 6.74%), and a few row houses and other attached homes ( 2.82%).
The most prevalent building size and type in North Las Vegas are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.74% owning and 45.26% renting.
North Las Vegas homes and real estate are some of the newest in America. 55.21% of North Las Vegas's housing was built since 2000, 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. Quite a bit of the housing here was also built between 1970-1999 ( 34.24%), and between 1940-1969 ( 10.29%).
Vacant housing appears to be an issue in North Las Vegas. Fully 12.07% of the housing stock is classified as vacant. Left unchecked, vacant North Las Vegas homes and apartments can be a drag on the real estate market, holding North Las Vegas real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in North Las Vegas over the last then years, as home values have seen a decline of 37.46% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows North Las Vegas home appreciation rates at 1.65%, which equates to an annual appreciation rate of 6.78%.
Appreciation rates are so strong in North Las Vegas that despite a nationwide downturn in the housing market, North Las Vegas real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Las Vegas appreciation rates continue to be some of the highest in America, at 8.57%, which is higher than appreciation rates in 94.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Las Vegas. North Las Vegas appreciation rates in the latest quarter were at 1.65%, which equates to an annual appreciation rate of 6.78%.
Relative to Nevada, our data show that North Las Vegas's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best North Las Vegas real estate investment or home purchase decisions.
|$1,186,001 - $1,581,000||0.1|
|$791,001 - $1,186,000||0.2|
|$632,001 - $791,000||0.6|
|$474,001 - $632,000||2.5|
|$316,001 - $474,000||13.0|
|$158,001 - $316,000||48.6|
|$79,001 - $158,000||24.9|
|$0 - $79,000||10.1|
|Value Relative to Nation||Value Relative to State|
|AGE OF North Las Vegas HOMES|
|2000 or Newer||55.2|
|1970 - 1999||34.2|
|1940 - 1969||10.3|
|1939 or Older||0.2|
|TYPE OF North Las Vegas HOMES|
|Small Apt. Buildings||6.7|
|SIZE OF North Las Vegas HOMES|
|5 or more bedrooms||5.54|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
2000 Q1 - 2016 Q3
|* 10 is highest|