North Las Vegas, NV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating North Las Vegas Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

North Las Vegas Housing Market Information

With 234,807 people, 68,686 houses or apartments, and a median cost of homes of $202,068, 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 76.04% 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 ( 13.33%), duplexes, homes converted to apartments or other small apartment buildings ( 6.73%), and a few row houses and other attached homes ( 2.69%).

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 54.32% owning and 45.68% renting.

North Las Vegas homes and real estate are some of the newest in America. 55.11% 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 ( 33.92%), and between 1940-1969 ( 10.67%).

Vacant housing appears to be an issue in North Las Vegas. Fully 11.15% 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.

North Las Vegas Home Appreciation Rates

Homes have actually lost value in North Las Vegas over the last then years, as home values have seen a decline of 36.05% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows North Las Vegas home appreciation rates at 1.54%, which equates to an annual appreciation rate of 6.29%.

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 9.39%, which is higher than appreciation rates in 92.05% 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 1.54%, which equates to an annual appreciation rate of 6.29%.

Relative to Nevada, our data show that North Las Vegas's latest annual appreciation rate is lower than 60% 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

 

Median Home Value:
$202,068

North Las Vegas, NV HOME PRICES

Value Range
> $1,477,000 0.1
$1,108,001 - $1,477,000 0.1
$738,001 - $1,108,000 0.3
$591,001 - $738,000 0.6
$443,001 - $591,000 3.4
$295,001 - $443,000 15.6
$148,001 - $295,000 48.1
$74,001 - $148,000 22.6
$0 - $74,000 9.3

Average for NV
High for Nation

Value Relative to Nation Value Relative to State
31.7707722957928 42.0

Number Of Homes And Apartments:
68,686

North Las Vegas Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NV*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
34.20% 1.72% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,405 / per month

Homeownership Rate

Homeownership
Owners 54.32
Renters 45.68
Vacant 11.15

Housing Market Details

 

Age of Homes

AGE OF North Las Vegas HOMES
2000 or Newer 55.1
1970 - 1999 33.9
1940 - 1969 10.7
1939 or Older 0.3

Types of Homes

TYPE OF North Las Vegas HOMES
Single-Family 76.0
Townhomes 2.7
Small Apt. Buildings 6.7
Apt. Complexes 13.3
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF North Las Vegas HOMES
No Bedroom 1.13
1 Bedroom 5.67
2 Bedrooms 16.85
3 Bedrooms 45.31
4 Bedrooms 25.29
5 or more bedrooms 5.74