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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pahrump, NV Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Pahrump, NV Housing Market Trends

With 44,738 people, 18,598 houses or apartments, and a median cost of homes of $307,930, Pahrump real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Pahrump, accounting for 61.33% of the town's housing units. Other types of housing that are prevalent in Pahrump include mobile homes or trailers ( 27.89%), duplexes, homes converted to apartments or other small apartment buildings ( 4.20%), and a few row houses and other attached homes ( 2.51%).

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 77.42% of Pahrump's homes, and 68.44% 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 ( 44.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.97%).

Vacant housing appears to be an issue in Pahrump. Fully 10.14% 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

In the last 10 years, Pahrump has experienced some of the highest home appreciation rates of any community in the nation. Pahrump real estate appreciated 151.58% over the last ten years, which is an average annual home appreciation rate of 9.67%, putting Pahrump in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pahrump 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, Pahrump appreciation rates have trailed the rest of the nation. In the last twelve months, Pahrump's appreciation rate has been 1.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pahrump were at 4.20%, which equates to an annual appreciation rate of 17.89%.

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 higher 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 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

$307,930

Pahrump, NV Home Prices
> $1,314,000
$985,001 - $1,314,000
$657,001 - $985,000
$525,001 - $657,000
$395,001 - $525,000
$263,001 - $395,000
$132,001 - $263,000
$66,001 - $132,000
$0 - $66,000
0.3%
0.3%
0.7%
0.7%
4.2%
4.2%
7.6%
7.6%
20.4%
20.4%
30.6%
30.6%
24.1%
24.1%
7.4%
7.4%
4.7%
4.7%
0% 100.0%
% of Homes
Average

for Nevada

High

for nation

Number of Homes And Apartments:

18,598

Pahrump Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,724 / per month

Homeownership Rate

Owners
Renters
77.4%
77.4%
22.6%
22.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.1%
10.1%
89.9%
89.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
44.8%
44.8%
52.0%
52.0%
3.0%
3.0%
0.3%
0.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.3%
61.3%
2.5%
2.5%
4.2%
4.2%
2.0%
2.0%
27.9%
27.9%
2.1%
2.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.1%
2.1%
5.3%
5.3%
21.9%
21.9%
52.9%
52.9%
15.5%
15.5%
2.3%
2.3%
0% 100.0%
% of Homes