House Charts

Las Vegas Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Las Vegas home values are down 2.6% over the past year, to a typical $423k - 5% below the August 2022 peak. Typical rent is $1,732 a month (+0.5% in a year).
Typical home value
$423k
-2.6% (-$11k) in 12 months
From the peak
-5%
Peak $446k, Aug 2022
Since Dec 2019
+43%
from $296k
Typical rent
$1,732/mo
+0.5% in 12 months
Income needed to buy
$107k/yr
20% down, 30% of income
Days to go under contract
67
September 2026

Las Vegas home values since 2000

$100k$200k$300k$400k2000200420082012201620202024Peak $446k (Aug 2022)Now $423k

Last few years

$300k$350k$400k$450k20192020202120222023202420252026Peak $446k (Aug 2022)Now $423k

Rent in Las Vegas

$1,000$1,200$1,400$1,600$1,800201520172019202120232025Now $1,732

Owning vs renting, monthly

Buying the typical Las Vegas home with 20% down at this week's 7.32% 30-year rate costs about $2,851/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,732/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

What changed this month

Las Vegas vs Nevada vs the U.S.

Typical home12-month changeTypical rent
This metro$423k-2.6%$1,732/mo
Nevada$441k-1.6%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Las Vegas?

Yes - the typical Las Vegas-area home value is down 2.6% over the past 12 months, at $423k (September 2026). Values are 5% below their August 2022 peak of $446k.

Is the Las Vegas housing market crashing?

Home values are 5% below their August 2022 peak and down 2.6% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Las Vegas?

Typical rent in the Las Vegas metro is $1,732 a month (September 2026), +0.5% over 12 months.

How much income do you need to buy a home in Las Vegas?

About $107k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Raleigh, NC · Spokane, WA · Austin, TX · Charleston, SC

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Las Vegas, NV metro area. How we calculate.