North Las Vegas, NV Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

North Las Vegas Housing Market Information

With a population of 251,974, 72,532 total housing units (homes and apartments), and a median house value of $289,220, 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 75.21% 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 ( 13.41%), duplexes, homes converted to apartments or other small apartment buildings ( 7.15%), and a few row houses and other attached homes ( 3.14%).

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 56.48% owning and 43.52% renting.

North Las Vegas homes and real estate are some of the newest in America. 52.86% 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 ( 36.83%), and between 1940-1969 ( 10.02%).

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 156.32% over the last ten years, which is an average annual home appreciation rate of 9.87%, 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.

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 5.92%, which is higher than appreciation rates in 85.99% 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 1.79%, which equates to an annual appreciation rate of 7.37%.

Relative to Nevada, our data show that North Las Vegas's latest annual appreciation rate is higher than 90% 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.

Average Home Values

 
info

Median Home Value:
$289,220

North Las Vegas, NV HOME PRICES

> $1,503,000
0.1%
0.1%
$1,128,001 - $1,503,000
0.1%
0.1%
$752,001 - $1,128,000
0.8%
0.8%
$601,001 - $752,000
1.2%
1.2%
$451,001 - $601,000
9.1%
9.1%
$301,001 - $451,000
33.9%
33.9%
$150,001 - $301,000
39.6%
39.6%
$75,001 - $150,000
10.2%
10.2%
$0 - $75,000
4.9%
4.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for NV

Value Relative To Nation

Number Of Homes And Apartments:
72,532

North Las Vegas Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NV*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
110.64% 3.66%
6
9
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,574 / per month

Homeownership Rate

Owners
56.5%
56.5%
Renters
43.5%
43.5%
Vacant
8.8%
8.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
52.9%
52.9%
1970 - 1999
36.8%
36.8%
1940 - 1969
10.0%
10.0%
1939 or Older
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.2%
75.2%
Townhomes
3.1%
3.1%
Small Apt. Buildings
7.1%
7.1%
Apt. Complexes
13.4%
13.4%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
5.9%
5.9%
2 Bedrooms
16.7%
16.7%
3 Bedrooms
43.5%
43.5%
4 Bedrooms
26.7%
26.7%
5 or more bedrooms
5.4%
5.4%
0.0% 100.0%
% OF HOMES