Las Vegas, NV is a great place for real estate investments and homeownership. The housing median value in the city is $384,000 compared to the US median of $338,100. Not only is the median value higher than the national average, but the house appreciation rate for Las Vegas over a one year period is 10.62%, which is higher than the national average of 8.27%. This makes it an attractive market for those looking to purchase a home or invest in property in the area.
The median home cost in Las Vegas is $384,000. Home appreciation the last 10 years has been 244.5%. Home Appreciation in Las Vegas is up 21.1%.
Average Age of Homes
- The median age of Las Vegas real estate is 24 years old
The Rental Market in Las Vegas
- Renters make up 40.7% of the Las Vegas population
- 2.5% of houses and apartments in Las Vegas, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.