The housing market in the Pahrump, NV Metro Area is notably lower than the national average. The current median value for houses in this area is $319,000 while the US median house value is $338,100. Despite being significantly lower than the national average, the area still experienced appreciation over the last year at a rate of 4.72%, which is substantially less than the US 1 year appreciation rate of 8.27%. The affordable prices make this an attractive area for those looking to purchase a home and benefit from future appreciation potential.
The median home cost in Pahrump Metro Area is $319,000. Home appreciation the last 10 years has been 229.7%. Home Appreciation in Pahrump Metro Area is up 19.2%.
Average Age of Homes
- The median age of Pahrump Metro Area real estate is 22 years old
The Rental Market in Pahrump Metro Area
- Renters make up 23.9% of the Pahrump Metro Area population
- 0.9% of houses and apartments in Pahrump 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.