Median price for residential apartments in Las Vegas, NV as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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10,295 Las Vegas, NV, USA apartments for sale
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Las Vegas
According to statistics, the population in Las Vegas, NV amounts to 644,664, which shows decline 0% compared to the previous year. The median age of the city’s residents is 38. The average household income is $53,575, shifting decline -6% from the past year, and the average property value in Las Vegas, NV growth 16% to $285,000 throughout the year.
| Population | 644,664 |
| Median Age | 38.1 |
| Poverty Rate | 16% |
| Household Income | $53,575 |
| Number Of Employees | 294,935 |
| Median Property Value | $285,000 |
Household Income
The average household income in Las Vegas, NV declined from $56,699 to $53,575 in the past year. This data is an estimate based upon 234,592 households in Las Vegas, NV . The chart below presents how household income is distributed in Las Vegas, NV in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Las Vegas, NV shifted from $245,500 to $285,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Las Vegas, NV in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Las Vegas, NV properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Las Vegas, NV compared to median property taxes around the country. The prevalent amount of property taxes in Las Vegas, NV equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Las Vegas, NV, USA
Average apartment sale in Las Vegas: $596,589 (-0.9%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $636,676 | +3.3% |
| 1-bed apartments | $256,678 | -1.8% |
| 2-bed apartments | $366,888 | +0.1% |
| 3-bed apartments | $490,635 | -0.8% |
| 4+ bed apartments | $857,302 | -1% |
During Dec 2022, the average price for an apartment in/near Las Vegas, NV decreased by 0.9% to $596,589.
Knowing the current property prices is key if you plan to buy a studio in Las Vegas, NV. The average price for a studio has increased since the last month, currently being $636,676. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 1.8% to $256,678. Asking price for 2-bed apartment also increased by 0.1% and a place of this size will now cost you $366,888. A 3-bed apartment goes for $490,635, it decreased by 0.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1% and made it down to $857,302.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Apartments for sale | $189,175 | -38.5% |
| Condos for sale | $380,770 | -2.8% |
| Duplexes for sale | $524,404 | +0% |
| Houses for sale | $653,484 | -0.9% |
| Land for sale | $847,665 | +1.9% |
| Lofts for sale | $668,762 | -0.6% |
| Townhouses for sale | $356,618 | +0.1% |
The average cost of an apartment in Las Vegas, NV decreased by 38.5% to $189,175. Price reports demonstrate that house price decreased by 0.9% this month making it up to $653,484. Condos faced an upward trend these days. The median price for a condo decreased by 2.8%, it’s now available for $380,770. An average value of duplex is $524,404, thus a median price for a duplex remains the same this month. The price dynamics of lofts changed, it decreased by 0.6%, the price tag now starts at $668,762. The property value of townhouses increased by 0.1%, you’ll have to spend around $356,618 to get one. The average price of the land for sale in Las Vegas, NV has increased by 1.9%, and now equals $847,665.
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