North Las Vegas

NVLas Vegas-Henderson-Paradise MSA

Real Estate Market Analysis

Q3 2025 Report
$416,768 (June 2025)
Median Home Price
~280,000 (2024 estimate)
Population
$66,000 (2024 est.)
Median Income
Clark County School District: C+ to B- (Niche 2025)
School District Rating

Market Overview

Property Values

$416,768 (June 2025)
Median Home Price
$236 (June 2025)
Price per Sq Ft
+2.3% (median sold price YoY); +1.6% (average home value YoY)
YoY Change

Market Performance

Days on Market23 days (June 2025)
Market TypeShifting toward balanced/buyer-leaning market
Months of Supply~4 months (Las Vegas Valley, July 2025)

Sales Activity

Sales Volume1,362 homes for sale (June 2025); sales down 13.1% YoY in broader Las Vegas area
Metro AreaLas Vegas-Henderson-Paradise MSA
Population~280,000 (2024 estimate)

Economic Indicators

Employment & Growth

Unemployment Rate~5.2% (Las Vegas metro, May 2025, est.)
Job Growth Rate~2.1% (Las Vegas metro, 2024-2025, est.)
Median Household Income$66,000 (2024 est.)

Major Employers

  • Nellis Air Force Base
  • Amazon
  • Clark County School District
  • Las Vegas North Premium Outlets
  • Walmart

Demographics

~280,000 (2024 estimate)
Population
33.5 years
Median Age
+1.3% (2024-2025 est.)
Population Growth
~21% bachelor's degree or higher
Education Level

Family Composition

Predominantly families and working professionals; average household size ~3.2

Key Industries

Tourism & HospitalityLogistics & WarehousingRetailDefense & AerospaceHealthcare

Education

School District

Clark County School District: C+ to B- (Niche 2025)
District Rating

Top Schools

  • Legacy High School
  • North Las Vegas Academy of the Arts
  • Somerset Academy

Higher Education

  • College of Southern Nevada (North Las Vegas campus)
  • Nevada State University (nearby)

Infrastructure & Development

Major Projects

  • Apex Industrial Park expansion
  • North Las Vegas Beltway improvements

Transportation

  • I-15 and 215 Beltway upgrades
  • RTC transit expansion

Planned Developments

  • Master-planned communities (e.g., Valley Vista, Tule Springs)
  • New logistics/distribution centers

Lifestyle & Amenities

Recreation

  • Craig Ranch Regional Park
  • Aliante Nature Discovery Park
  • Shadow Creek Golf Course

Dining & Entertainment

  • Cannery Casino & Hotel
  • Local breweries and eateries
  • Movie theaters

Cultural Attractions

  • Planetarium at CSN
  • Aliante Library
  • Annual community festivals

Investment Analysis

Investment Opportunities

  • Rising rental demand due to population growth
  • Affordable entry prices compared to Las Vegas proper
  • Strong logistics/industrial sector driving job growth

Growth Outlook

Moderate, with steady appreciation and stable rental demand expected through 2026

Market Risks

  • Rising inventory and longer days on market
  • Potential for price stagnation if demand softens further
  • Interest rate volatility

Rental Market

Strong; average rents up 3.5% YoY, high occupancy, attractive to investors

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Young families
  • Military/defense personnel
  • Investors seeking cash flow

Marketing Channels

  • Zillow, Realtor.com, Redfin
  • Social media (Facebook, Instagram)
  • Local relocation networks

Pricing Strategies

List slightly below recent comps to drive interest; adjust quickly if no offers in 2-3 weeks

Common Objections & Response Strategies

Objection: Interest rates are too high.

Response Strategy:

Emphasize potential for refinancing later and current seller incentives.

Objection: Market is cooling; should I wait?

Response Strategy:

Highlight increased inventory and negotiation power for buyers; sellers can stress current price stability.

Objection: Not enough move-in ready homes.

Response Strategy:

Promote new construction and recent renovations; suggest renovation loans if needed.

Professional Recommendations

1

Advise sellers to price competitively and consider incentives.

2

Educate buyers on negotiation opportunities in a balanced market.

3

Highlight rental potential and cash flow for investors.

4

Stay updated on local infrastructure and development news.

5

Leverage digital marketing and virtual tours to reach remote buyers.

Competitive Analysis

Comparable Markets

  • Henderson, NV
  • Las Vegas (central/south)
  • North Phoenix, AZ

Market Positioning

Affordable, family-friendly, and investor-attractive alternative to pricier Las Vegas submarkets

Competitive Advantages

  • Lower median prices than Henderson or Summerlin
  • Proximity to major employers and logistics hubs
  • Newer housing stock

Price Comparison

Median price ~$416K vs. $480K in Las Vegas proper (June 2025)

Investment Metrics

~5.6% (single-family rentals, 2025 est.)
Cap Rates
~6.2% gross yield (2025 est.)
Rental Yields
~16.5 (2025)
Price-to-Rent
Positive cash flow possible with 20% down; strong rental demand
Cash Flow
2-3% annual appreciation projected through 2026
Appreciation

Buyer Journey Insights

First-Time Buyers

Benefit from increased inventory and moderate prices; may qualify for down payment assistance.

Move-Up Buyers

Can leverage equity from existing homes; more options available in larger homes.

Downsizers

Find affordable, low-maintenance options; new construction and 55+ communities available.

Investors

Attractive cap rates and rental yields; strong tenant pool from logistics and military sectors.

Relocators

Appealing due to affordability, job growth, and proximity to Las Vegas amenities.

This city analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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