Centennial Hills

Las Vegas, NV

Neighborhood Market Analysis

Q3 2025 Report
$456,082 (May 2025)
Median Home Price
Low to moderate (most errands require a car; some pockets near shopping centers are more walkable)
Walkability Score
Public schools are rated average to above average; some magnet and charter options available.
School Rating

Location Overview

Neighborhood Boundaries

Generally bounded by US-95 to the east, Kyle Canyon Road to the north, Grand Teton Drive to the south, and the Red Rock Canyon National Conservation Area to the west.

Zip Codes

891498913189143

Market Data Summary

Price Range$350,000 to $1.2M+ (varies by size, age, and location)
Price per Sq Ft$220–$270 (varies by property type and condition)
Inventory Levels3.7 months of supply in Las Vegas metro (up 10.5% YoY); Centennial Hills inventory is higher than core urban areas but below pre-2020 levels[2].

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesTownhomesCondos

Architectural Styles

Southwest contemporarySpanish/MediterraneanRanchModern tract

Property Details

Typical Lot Sizes0.12–0.25 acres (larger custom lots up to 0.5 acres in select pockets)
Home Age Range2000–2025 (majority built post-2000; new construction ongoing)
Construction QualityPredominantly mid- to high-quality tract homes; some custom and semi-custom builds in gated communities.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of young families, professionals, and retirees. Median age is mid-30s to early 40s. Moderate to high household incomes.

Community Vibe

Suburban, quiet, and safe with a strong sense of neighborhood pride. Many master-planned communities and gated enclaves.

Typical Residents

  • Families with children
  • Young professionals
  • Retirees
  • Military families (proximity to Nellis AFB)

Family Friendly

Very family-oriented; parks, schools, and community centers are abundant.

Amenities & Lifestyle

Parks & Recreation

  • Centennial Hills Park
  • Floyd Lamb Park
  • Gilcrease Orchard
  • Lone Mountain Regional Park

Dining Options

  • Chain and local restaurants
  • Casual dining
  • Fast food
  • Ethnic eateries

Shopping Centers

  • Centennial Center
  • Montecito Marketplace
  • Tivoli Village (short drive)

Local Businesses

  • Coffee shops
  • Boutique fitness studios
  • Pet services
  • Medical offices

Education & Schools

Public schools are rated average to above average; some magnet and charter options available.
Overall School Rating

Elementary Schools

  • Centennial Hills Elementary
  • William & Mary Scherkenbach Elementary

Middle Schools

  • Edmundo Escobedo Sr. Middle School
  • Anthony Saville Middle School

High Schools

  • Centennial High School
  • Arbor View High School

Private Schools

  • Faith Lutheran Middle & High School (nearby)
  • Mountain View Christian Schools

Transportation & Accessibility

Transit & Roads

Public Transit

  • RTC bus routes (limited coverage)

Major Roads

  • US-95
  • 215 Beltway
  • Grand Teton Drive

Commute & Walkability

Commute Times20–35 minutes to the Strip or downtown Las Vegas; 15–25 minutes to Summerlin.
WalkabilityLow to moderate; car-dependent for most errands.
ParkingAmple street and driveway parking; most homes have attached garages.

Marketing Intelligence

Target Buyer Types

  • Move-up buyers
  • Young families
  • Investors
  • Relocators from California and other high-cost states

Key Selling Points

  • Modern homes with larger lots
  • Family-friendly amenities
  • Access to outdoor recreation
  • Lower crime rates

Pricing Considerations

Price competitively due to rising inventory; homes in turnkey condition command premium.

Common Objections & Response Strategies

Objection: Car-dependent, low walkability

Response Strategy:

Highlight proximity to major roads, short drives to shopping, and abundance of parking.

Objection: Rising inventory and potential for price softening

Response Strategy:

Emphasize long-term stability, strong rental demand, and quality of life advantages.

Objection: Limited nightlife and entertainment

Response Strategy:

Promote access to nearby Summerlin, downtown, and the Strip for dining and entertainment.

Investment Insights

Investment Potential

Appreciation Potential

Moderate; steady growth expected (2.5–3.5% annually through 2025)[2].

Rental Demand

Strong, especially for single-family homes and newer townhomes; popular with families and military renters.

Buyer Competition

Moderate; well-priced homes move quickly, but rising inventory gives buyers more options.

Best For

  • Families seeking suburban lifestyle
  • First-time buyers
  • Investors seeking stable cash flow

Potential Concerns

  • Rising inventory may slow appreciation
  • Car dependency
  • Limited nightlife

Professional Recommendations

1

Price homes competitively and monitor inventory weekly.

2

Stage homes to highlight space, light, and outdoor living.

3

Market to families, remote workers, and California relocators.

4

Leverage social media and virtual tours to reach out-of-state buyers.

5

Stay updated on new developments and school ratings to inform clients.

Competitive Analysis

Comparable Markets

  • Aliante
  • Providence
  • Skye Canyon

Market Positioning

Ideal for buyers seeking suburban comfort, newer homes, and family amenities at a lower price than Summerlin.

Competitive Advantages

  • Newer housing stock
  • Larger lots and homes
  • Lower crime rates

Price Comparison

Centennial Hills is 5–10% more affordable than Summerlin and comparable to Providence, with better value per square foot.

Investment Metrics

4.5–5.5% for single-family rentals (2025)
Cap Rates
5–6% gross annual yield
Rental Yields
16–18 (favorable for investors)
Price-to-Rent
Positive cash flow possible with 20% down on most properties
Cash Flow
2.5–3.5% annual appreciation expected through 2025[2].
Appreciation

Buyer Journey Insights

First-Time Buyers

Accessible price points, newer homes, and good schools make it attractive; FHA/VA loans common.

Move-Up Buyers

Can find larger homes and lots without Summerlin premiums; many gated and master-planned options.

Downsizers

Single-story and low-maintenance homes available, but fewer luxury condo options than urban core.

Investors

Strong rental demand, stable returns, and low vacancy; focus on single-family and townhomes.

Relocators

Popular with out-of-state buyers seeking value, safety, and suburban lifestyle.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

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

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