Las Vegas Metro Area, NM Housing

The housing market in the Las Vegas, NM Metro Area is quite strong. The median value of homes in the area is $162,700, which is significantly lower than the US median value of $338,100. However, homes have appreciated by 9.55% over the past year – exceeding the national average of 8.27%. This demonstrates that this area remains an attractive option for potential buyers due to its relatively low prices and high rate of appreciation.

The median home cost in Las Vegas Metro Area is $162,700. Home appreciation the last 10 years has been 63.5%. Home Appreciation in Las Vegas Metro Area is up 13.2%.

Average Age of Homes

- The median age of Las Vegas Metro Area real estate is 37 years old

The Rental Market in Las Vegas Metro Area

- Renters make up 19.8% of the Las Vegas Metro Area population
- 1.7% of houses and apartments in Las Vegas 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Las Vegas, New Mexico	United States
	18,041.0	139,647,020.0
	41	42
	$162,700	$338,100
	13.2%	16.6%
	47.3%	57.0%
	63.5%	101.1%
	$5.92	$10.98
	$780	$2,690
	55.6%	57.4%
	24.7%	11.2%
	19.7%	31.4%
Vacant Housing
	1.7%	1.9%
	0.1%	0.4%
	0.9%	0.7%
	0.6%	0.4%
	10.5%	3.6%
	10.9%	4.1%
Value of Owner-Occupied Housing
	14.5%	2.6%
	6.2%	2.4%
	4.2%	2.8%
	6.7%	3.9%
	6.7%	4.5%
	15.7%	11.3%
	19.1%	13.0%
	15.4%	20.1%
	5.6%	13.6%
	3.0%	8.3%
	1.4%	9.7%
	0.5%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.6%	13.6%
	10.6%	13.6%
	20.0%	13.6%
	16.6%	13.2%
	15.7%	14.8%
	20.0%	13.6%
	7.4%	10.0%
	3.7%	4.7%
	16.0%	12.2%

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