Home Values

Las Vegas Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$176,000

  • 13.2% 1-year change
  • 6.1% 1-year forecast

The median home value in Las Vegas is $176,000. Las Vegas home values have gone up 13.2% over the past year and Zillow predicts they will rise 6.1% within the next year. The median list price per square foot in Las Vegas is $110, which is lower than the Las Vegas Metro average of $111. The median price of homes currently listed in Las Vegas is $195,000 while the median price of homes that sold is $184,750. The median rent price in Las Vegas is $1,175, which is lower than the Las Vegas Metro median of $1,195.

Foreclosures will be a factor impacting home values in the next several years. In Las Vegas 7.4 homes are foreclosed (per 10,000). This is greater than the Las Vegas Metro value of 7.1 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Las Vegas is 13.0%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Las Vegas homeowners underwater on their mortgage is 27.7%, which is higher than Las Vegas Metro at 27.4%.

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Relative ZHVI
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Las Vegas Market Overview

Data through Sep 30, 2014
  • $176,000 ZHVI
  • 6.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $195,000 Median listing price
  • $184,750 Median sale price
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Las Vegas Market Health

Data through Sep 30, 2014
  • 2.3/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 27.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 13.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

7.4 homes Las Vegas
7.1 homes Las Vegas Metro
4 homes United States
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Neighborhoods in Las Vegas

Name Median ZHVI
The Lakes $245,600
Buffalo $228,300
Desert Shores $228,300
Name Median ZHVI
Spring Valley $178,800
Angel Park Lindell $146,000
Rancho Charleston $137,300
Name Median ZHVI
Michael Way $132,200
Pioneer Park $131,400
Charleston Heights $123,700

Listings & Sales

Data through Sep 30, 2014
  • $110 Median list price / sq ft
  • $110 Median sale price / sq ft
  • 31.6% Listings with price cut
25.3%
Sold below listing
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Las Vegas Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,171 Las Vegas
    $1,184 Las Vegas Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,175 Rent list price
  • $0.74 Rent list price / sq ft
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