There are currently 465,855 real estate properties in Las Vegas, NV, with a median automated valuation model (AVM) price of $397,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Las Vegas, NV, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Las Vegas, NV, is $496,317.00, with the most expensive house in Las Vegas, NV, topping out at $63,089,400.00 and the cheapest home in Las Vegas, NV, clocking in at $42,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Las Vegas, NV!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Las Vegas, NV, is on a rollercoaster ride. The average rent price in Las Vegas, NV, is $1,730.00. Indeed, when looking to rent in Las Vegas, NV, you can expect to pay as little as $490.00 or as much as $6,840.00, with the average rent median estimated to be $1,640.00. The good news is that finding an affordable and desirable property to rent in Las Vegas, NV -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Las Vegas, NV area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Las Vegas, NV and much more. Save thousands at closing with home foreclosure listings in Las Vegas, NV — up to 75% off market value!
Las Vegas is located in Clark, Nevada, with an estimated municipal population of 651,319 residents. All of the best foreclosed homes for sale in Las Vegas are located in the following zip code areas on Foreclosure.com: 89107 89106 89104 89102 89101 89108 89138 89130 89131 89134 89143 89146 89145 89144 89149 89124 89110 89117 89129 89128 88901 88905 89105 89114 89116 89125 89126 89127 89133 89137 89140 89151 89152 89153 89155 89158 89163 89185 89195. The estimated population per square kilometer (.62 miles) in Las Vegas is 1,773.
So, about how much do homes cost in Las Vegas? The most recent median value of resident-owned homes in Las Vegas is 257,757. An estimated 52.7 percent of households in Las Vegas own their homes, with an average family size of 3.43. The median household income in Las Vegas is 56,354, with24.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Las Vegas, the median commute time of resident workers (in minutes) is 26.1. And last, but certainly not least, are you looking for homes to rent in Las Vegas? If so, the average rent price paid by renters in Las Vegas is 1,102, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Las Vegas, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Las Vegas is 37.8, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Las Vegas is 43.3, with an average family size of 3.43.
The percentage of residents who report their race in Las Vegas is as follows:
|Black / African American||12.2%|
|American Indian / Alaskan Native||0.9%|
|Native Hawaiian / Other Pacifc Islander||0.8%|
Looking for family-friendly neighborhoods in and/or near Las Vegas? Or maybe you are searching for 55+ active adult communities in and/or near Las Vegas?
The percentage of residents who report their age in Las Vegas is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Las Vegas with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Las Vegas.
How do you know that living in -- or moving to -- Las Vegas is right where you need to be? Perhaps you grew up in Las Vegas or already live nearby; therefore, the decision to buy a home in Las Vegas is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Las Vegas for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Las Vegas:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Las Vegas.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Las Vegas can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Las Vegas, meanwhile, can field multiple offers from more qualified buyers.
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