The Most Affordable Neighborhoods in Las Vegas, NM by Home Value

These days, finding an affordable place to live in the Las Vegas area can be challenging. Home prices in Las Vegas are now at a median cost of $168,875, lower than the New Mexico average of $265,486.

The average cost of rent is $776/mo in Las Vegas, primarily driven by the current value of real estate in the Las Vegas area. In Las Vegas, 37.82% of households rent, and 60.67% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Las Vegas is $4,144 per month. Households that rent pay about 18.73% of their income on rent here. Las Vegas’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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