Pahrump, NV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Pahrump Neighborhoods Since 2000




Pahrump, 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

Pahrump Housing Market Information

With a population of 35,061, 14,451 total housing units (homes and apartments), and a median house value of $155,970, Pahrump real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Pahrump, accounting for 58.04% of the town's housing units. Other types of housing that are prevalent in Pahrump include mobile homes or trailers ( 33.84%), duplexes, homes converted to apartments or other small apartment buildings ( 4.80%), and a few row houses and other attached homes ( 1.74%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pahrump. Owner-occupied housing accounts for 72.56% of Pahrump's homes, and 72.63% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pahrump built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pahrump built between 2000 and later ( 42.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.85%).

Vacant housing appears to be an issue in Pahrump. Fully 17.90% of the housing stock is classified as vacant. Left unchecked, vacant Pahrump homes and apartments can be a drag on the real estate market, holding Pahrump 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.

Pahrump Home Appreciation Rates

Homes have actually lost value in Pahrump over the last then years, as home values have seen a decline of 29.96% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pahrump home appreciation rates at 4.32%, which equates to an annual appreciation rate of 18.45%.

Appreciation rates are so strong in Pahrump that despite a nationwide downturn in the housing market, Pahrump real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pahrump appreciation rates continue to be some of the highest in America, at 7.86%, which is higher than appreciation rates in 86.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pahrump. Pahrump appreciation rates in the latest quarter were at 4.32%, which equates to an annual appreciation rate of 18.45%.

Importantly, NeighborhoodScout’s exclusive research found that Pahrump's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Nevada, our data show that Pahrump's latest annual appreciation rate is lower 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 town. Individual neighborhoods within Pahrump differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pahrump - 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 Pahrump real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$155,970

Pahrump, NV HOME PRICES

Value Range
> $1,303,000 0.0
$977,001 - $1,303,000 0.1
$652,001 - $977,000 0.4
$521,001 - $652,000 1.4
$391,001 - $521,000 4.8
$260,001 - $391,000 11.3
$130,001 - $260,000 37.1
$65,001 - $130,000 30.0
$0 - $65,000 14.8

Low for NV
Average for Nation

Value Relative to Nation Value Relative to State
47.4452127036212 64.0

Number Of Homes And Apartments:
14,451

Pahrump 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
28.47% 1.46% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,230 / per month

Homeownership Rate

Homeownership
Owners 72.56
Renters 27.44
Vacant 17.90

Housing Market Details

 

Age of Homes

AGE OF Pahrump HOMES
2000 or Newer 42.3
1970 - 1999 53.8
1940 - 1969 3.8
1939 or Older 0.1

Types of Homes

TYPE OF Pahrump HOMES
Single-Family 58.0
Townhomes 1.7
Small Apt. Buildings 4.8
Apt. Complexes 0.9
Mobile Homes 33.8
Other 0.7

Home Size

SIZE OF Pahrump HOMES
No Bedroom 1.13
1 Bedroom 3.58
2 Bedrooms 20.31
3 Bedrooms 57.94
4 Bedrooms 14.69
5 or more bedrooms 2.35