Las Vegas-Henderson-North Las Vegas, NV housing market
Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$422,654−2.6% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$91,623About 1.1× the local median income ($80,047): a stretch for a typical household
Days on market59 daysAbout the same pace as a year ago
Next 12 months−1.5%Zillow expects prices to dip slightly
The typical home in Las Vegas-Henderson-North Las Vegas, NV is worth $422,654, down 2.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $381,217, so the area is 10.9% overvalued. It is a buyer's market: homes take about 59 days to sell, listings are up 10% from a year ago, 24% of listings have had a price cut. Zillow expects prices to fall about 1.5% over the next year. A household needs about $91,623 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $80,047. Typical rent is $1,732 a month, or $2,246 for a house. In the latest IRS figures, 8,928 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$422,654
Change in 1 year
−2.6%
Overvalued %
+10.9%
Show 7 more
Fair home value
$381,217
Change in 5 years
+14.6%
Zillow forecast, next 12 months
−1.5%
Home value to income
5.3×
Monthly mortgage payment (20% down)
$2,291
Income needed to afford it
$91,623
Property tax rate
0.48%
Rent and investing
Typical rent
$1,732
Typical rent for houses
$2,246
Price-to-rent ratio
20.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,686
Gross rental yield
4.92%
Cap rate (estimate)
3.20%
Market activity
Listings vs a year ago
+9.8%
Days on market
59
Listings with a price cut
23.8%
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Homes for sale
11,447
Pending sales per 100 listings
20
Asking price per sq ft
$258
People and jobs
Median household income
$80,047
Population change (1 year)
+0.9%
Unemployment rate
7.6%
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Population
2,407,226
Income adjusted for cost of living
$79,887
Net moves in (IRS)
+8,928
Cost of living (US = 100)
100.2
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
99.6
Unhealthy air days a year
26
Show 4 more
Flood risk score
99.6
Wildfire risk score
99.1
Walkability (1 to 20)
11.7
Road, rail and air noise
54 dB
Questions people ask
Is Las Vegas-Henderson-North Las Vegas, NV overvalued?
Home prices in Las Vegas-Henderson-North Las Vegas, NV are well above what local incomes have historically supported: fair value is about $381,217, so the area is 10.9% overvalued.
Is Las Vegas-Henderson-North Las Vegas, NV a buyer's or seller's market?
Las Vegas-Henderson-North Las Vegas, NV is a buyer's market: homes take about 59 days to sell, listings are up 10% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Las Vegas-Henderson-North Las Vegas, NV?
Home values in Las Vegas-Henderson-North Las Vegas, NV are down 2.6% over the last year. Zillow's forecast for the next 12 months is −1.5%.
How much do you need to earn to buy a home in Las Vegas-Henderson-North Las Vegas, NV?
A household needs about $91,623 a year to afford the typical home in Las Vegas-Henderson-North Las Vegas, NV at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $80,047.