Las Vegas, NV housing market report

1-year price change

-2.7%

FHFA HPI

5-year price change

+36.2%

FHFA HPI

Median home value

$431,000

Census ACS

Median household income

$76,472

Census ACS

Median gross rent

$1,626/mo

Census ACS

Owner-occupied households

57.8%

Census ACS

Metro population

2,329,548

Census ACS

30-yr mortgage rate (national)

6.43%

Freddie Mac / FRED

Q2 2021 Q1 2026

Home prices in Las Vegas are down 2.7% over the past year and up 36.2% over the past five years, per the FHFA House Price Index through Q1 2026. The metro's median home value is $431,000 against a median household income of $76,472 (Census ACS 2020-2024). 57.8% of households own their homes, and the median gross rent is $1,626 per month.

If you're buying in Las Vegas

• FHFA's price index for the metro is down 2.7% year over year, so recent sale prices have on average come in below year-ago levels.
• At the current national average 30-year rate of 6.43%, buying at the metro's median value ($431,000) with 20% down works out to roughly $2,164 per month in principal and interest, before taxes and insurance.
• The median home value here is about 5.6x the median household income.

If you're selling in Las Vegas

• Prices are down 2.7% from a year ago but still up 36.2% over five years, so owners who bought several years ago have generally seen values rise while more recent buyers may not have.
• The metro's median gross rent is $1,626 per month - one reference point if you are weighing a sale against renting the home out.
• 57.8% of households in the metro own their homes.