Las Vegas
Nevada · Ranked #74 of 102 metros
35Crisis
Median Home Price
🏠$420K
Need $121K income
Median Rent
🔑$2K
Need $62K income
Housing Shortage
📉60,000
units needed
Building Permits
🔨18,000
annual
Median Income
💰$61K
Pop: 2,265,461
Rent Burden
⚠️36.5%
of renters paying >30%
Price Change (YoY)
📈+4.5%
Homeownership
🏡54.5%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Las Vegas | National |
|---|---|---|
| Price-to-Income Ratio | 6.9x | 6.1x |
| Rent Burden | 36.5% | 31.5% |
| Homeownership Rate | 54.5% | 65.5% |
| YoY Price Change | +4.5% | +3.5% |
| YoY Rent Change | +3.2% | +2.8% |
| Mortgage Denial Rate | 16.0% | 13.5% |
| Eviction Rate | 6.5% | 3.6% |