Las Vegas
Nevada · Ranked #343 of 373 metros
35Crisis
💡
Housing in Las Vegas costs 5.83× the median income, above the national average of 4.5×. The median home price is $438K and median rent is $1,654/month. Las Vegas ranks #343 of 373 metros for affordability.
Median Home Price
🏠$438K
Need $121K income
Median Rent
🔑$1,654
Need $62K income
Housing Shortage
📉60,000
units needed
Building Permits
🔨18,000
annual
Median Income
💰$75K
Pop: 2,265,461
Rent Burden
⚠️36.5%
of renters paying >30%
Price Change (YoY)
📈+4.5%
Homeownership
🏡58.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Las Vegas | National |
|---|---|---|
| Price-to-Income Ratio | 5.83x | 6.1x |
| Rent Burden | 36.5% | 31.5% |
| Homeownership Rate | 58.0% | 65.5% |
| YoY Price Change | +4.5% | +3.5% |
| YoY Rent Change | +3.2% | +2.8% |
| Mortgage Denial Rate | 16.0% | 13.5% |
| Eviction Rate | 6.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +61%Since 2000: +217.5%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,333/mo
1 Bedroom$1,478/mo
2 Bedroom$1,735/mo
3 Bedroom$2,413/mo
4 Bedroom$2,764/mo
Zillow Market Data
Home Value (ZHVI)
$428K
1yr: -2.4%5yr: +34.2%
Rent (ZORI)
$1,720/mo
1yr: -0.3%5yr: +24.7%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$285K
Active Inventory
42
Days on Market
133
Sold Above List
0.0%
Price Drops
19.0%