Las Vegas, NV
Clark County · Pop. 660,929
Ranked #153 of 243 cities
34Crisis
Median Home Price
🏠$400K
4.5% YoY
Median Rent
🔑$1,500
3.5% YoY
Median Income
💰$55K
Rent Burden
📊34.0%
% of income to rent
Income to Buy
🏦$115K
annual income needed
Income to Rent
📝$60K
annual income needed
Price-to-Income
⚖️7.3x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$2,129/mo
Est. mortgage (7%, 20% down)
Need $115K/yr income
Rent
$1,500/mo
Median rent
Need $60K/yr income
How Las Vegas Compares
| Metric | Las Vegas | Nevada | National |
|---|---|---|---|
| Home Price | $400K | $441K | $410K |
| Rent | $1,500 | $1,622 | $1,500 |
| Income | $55K | $76K | $75K |
| Rent Burden | 34.0% | 36.0% | 30.0% |
Key Takeaways
- • Home prices in Las Vegas are 2% lower than the national average.
- • Rent is about average than the national average.
- • You need an income of $115K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.