The housing in Las Vegas-Henderson-Paradise, NV Metro Area is quite significant. The median value for a house in the metro area is currently $407,300 and this is higher than the US House Median Value which stands at $338,100. The US 1 year House Appreciation rate is 8.27%, but the 1 year appreciation rate in Las Vegas-Henderson-Paradise, NV Metro Area is 6.37%. This indicates that the market for housing in this particular area is slightly below the national level, but still growing. It's an attractive area to invest in real estate and those looking to move here will find an abundance of options.
The median home cost in Las Vegas-Henderson-Paradise Metro Area is $407,300. Home appreciation the last 10 years has been 240.4%. Home Appreciation in Las Vegas-Henderson-Paradise Metro Area is up 20.6%.
Average Age of Homes
- The median age of Las Vegas-Henderson-Paradise Metro Area real estate is 22 years old
The Rental Market in Las Vegas-Henderson-Paradise Metro Area
- Renters make up 39.4% of the Las Vegas-Henderson-Paradise Metro Area population
- 3.3% of houses and apartments in Las Vegas-Henderson-Paradise Metro Area, 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.