The housing market in 89101 Las Vegas, NV is quite strong. The median value of houses in this area is $281,100, which is slightly lower than the US national median value of $338,100. However, within the last year appreciation for housing in 89101 Las Vegas has been higher than the national average with a rate of 10.62%, compared to 8.27% across the country. This indicates that house prices are on an upward trajectory and those looking to invest or purchase property in this area could potentially benefit from increased equity over time.
The median home cost in Las Vegas (zip 89101) is $281,100. Home appreciation the last 10 years has been 244.5%. Home Appreciation in Las Vegas (zip 89101) is up 21.1%.
Average Age of Homes
- The median age of Las Vegas (zip 89101) real estate is 42 years old
The Rental Market in Las Vegas (zip 89101)
- Renters make up 59.3% of the Las Vegas (zip 89101) population
- 2.9% of houses and apartments in Las Vegas (zip 89101), 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.