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These days, finding an affordable place to live in the Downtown area can be challenging. Home prices in Downtown are now at a median cost of $361,734, lower than the Las Vegas average of $428,199.
The average cost of rent is $1,121/mo in Downtown, primarily driven by the current value of real estate in the Downtown area. In Downtown, 87.53% of households rent, and 40.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown is $3,477 per month. Households that rent pay about 32.23% of their income on rent here. Downtown’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Huntridge, Las Vegas, NV: less expensive homes
- Cultural Corridor, Las Vegas, NV: less expensive homes
- Downtown East, Las Vegas, NV: less expensive homes
- University Medical Center, Las Vegas, NV: equally priced homes
- East Las Vegas, Las Vegas, NV: less expensive homes
- West Las Vegas, Las Vegas, NV: less expensive homes
- Vegas Heights, North Las Vegas, NV: less expensive homes
- Rancho Charleston, Las Vegas, NV: equally priced homes
- Sunrise, Las Vegas, NV: less expensive homes
- Twin Lakes, Las Vegas, NV: less expensive homes
Neighborhoods with Similar Populations
- Central Davis, Davis, CA: higher priced homes
- Litte Italy, Niagara Falls, NY: less expensive homes
- West Colfax, Denver, CO: higher priced homes
- Townsite, Oceanside, CA: higher priced homes
- Starcrest, Salmon Creek, WA: higher priced homes
- South East Torrance, Torrance, CA: higher priced homes
- Prospect Lefferts Gardens, Brooklyn, NY: higher priced homes
- Portola Springs, Irvine, CA: higher priced homes
- Oakridge, Bakersfield, CA: less expensive homes
- Northside, Syracuse, NY: less expensive homes
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