Las Vegas housing market
Typical home value
$423K
▼ 2.6% 1 yr
Typical rent
$1,732/mo
▲ 0.5% 1 yr
12-month forecast
−1.5%
#530 of 546 metros
Gross rent yield
4.9%
#418 of 546 · U.S. 6.3%
Days to pending
67 days
▲ +5 days 1 yr
Listings with a price cut
30%
▲ +0.6 pts 1 yr
Key takeaways
- 1The typical home is worth $422,654, down 2.6% in a year and up 15% over five years.
- 2Zillow forecasts home values falling 1.5% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,732/mo (+0.5% YoY), a 4.9% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,323/mo in principal and interest, $591 more than renting.
- 5Homes go under contract in 67 days (+5 days vs last year); 30% of listings have had a price cut.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 22/100, #520 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Las Vegas compares
| Measure | Las Vegas | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −2.6% | +1.2% | #537 |
| Home value, 5-yr change | +14.6% | +19.7% | |
| 12-month forecast | −1.5% | +1.1% | #530 |
| Rent, 1-yr change | +0.5% | +2.7% | #507 |
| Gross rent yield | 4.9% | 6.3% | #418 |
| Price-to-rent ratio | 20.3 | 15.8 | |
| Mortgage P&I on typical home | $2,323 | $2,012 | |
| Income needed to buy | $107,107 | $100,902 | |
| Days to pending | 67 | 56 |
Cities in the Las Vegas metro
3 cities with home value and rent data.
| Las Vegas | $417K | ▼ 2.8% | $1,700 | ▲ 0.6% | 4.9% |
| Henderson | $478K | ▼ 2.3% | $1,783 | ▲ 0.6% | 4.5% |
| North Las Vegas | $402K | ▼ 1.4% | $1,866 | ▼ 0.4% | 5.6% |
Run the numbers
Rental property calculator
Cash flow on a typical Las Vegas rental ($423K, $1,732/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Las Vegas home.
Rent vs buy
Is it cheaper to rent or buy in Las Vegas?
Other Nevada metros
Reno, NV
$570K home$2,069 rent4.4% yield
▲ 2.1% 1 yr
Fernley, NV
$421K home$2,095 rent6.0% yield
▲ 3.7% 1 yr
Carson City, NV
$494K home$2,070 rent5.0% yield
▲ 1.0% 1 yr
Elko, NV
$369K home$1,698 rent5.5% yield
▲ 2.3% 1 yr
Pahrump, NV
$355K home$1,471 rent5.0% yield
▲ 0.7% 1 yr
Gardnerville Ranchos, NV
$704K home$2,616 rent4.5% yield
▲ 2.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.