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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 $312,869, lower than the Nevada average of $321,492.
The average cost of rent is $1,456/mo in Las Vegas, primarily driven by the current value of real estate in the Las Vegas area. While nearly 32.40% of residents own their homes outright in Las Vegas, 42.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Las Vegas is $6,121 per month. Households that rent pay about 23.78% of their income on rent here. Las Vegas's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Winchester, NV: less expensive homes
- Spring Valley, NV: equally priced homes
- North Las Vegas, NV: less expensive homes
- Summerlin South, NV: higher priced homes
- Sunrise Manor, NV: less expensive homes
- Nellis Afb, NV: less expensive homes
- Enterprise, NV: higher priced homes
- Whitney, NV: less expensive homes
- Henderson, NV: higher priced homes
- Blue Diamond, NV: higher priced homes
Cities with Similar Populations
- Delray Beach, FL: higher priced homes
- Downey, CA: higher priced homes
- Deltona, FL: less expensive homes
- Detroit, MI: less expensive homes
- Dallas, GA: less expensive homes
- Cordova, TN: less expensive homes
- Daly City, CA: higher priced homes
- Cypress, TX: equally priced homes
- Cumming, GA: higher priced homes
- Conroe, TX: less expensive homes
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