Cities with the Most Expensive Homes in the Las Vegas Metro Area
Purchasing a home is one of the most significant investments individuals can make. It serves as not just a place to live, but an asset that has the potential to appreciate significantly over time. However, with home prices reaching unprecedented levels, affordability remains a pressing concern for many buyers. As of July, the typical home value in the United States was noted to be $367,965, marking a slight 0.2% increase from the previous year.
On top of this, soaring mortgage rates are adding to the financial burden; as of August 21, the 30-year fixed mortgage rate stands at 6.58%. As home prices continue to rise across the nation, certain cities inevitably command higher price tags than others due to various factors, including location, size, age, and the condition of the property.
According to data compiled by Stacker using information from Zillow, we can explore the cities in the Las Vegas metro area with the most expensive homes. Here’s a look at the twelve cities and towns, featuring monthly typical home values tracked since January 2018.
12. Laughlin, NV
- Typical Home Value: $262,661
- 1-Year Price Change: -1.9%
- 5-Year Price Change: +44.8%
Laughlin might be less known than others, but its real estate market has seen significant growth over the past five years despite a recent decline.
11. Jean, NV
- Typical Home Value: $306,202
- 1-Year Price Change: -0.6%
- 5-Year Price Change: +36.7%
Jean has remained relatively affordable compared to other areas in the metro, with a solid five-year appreciation that reflects sustained interest.
10. Overton, NV
- Typical Home Value: $346,457
- 1-Year Price Change: +1.2%
- 5-Year Price Change: +37.8%
Overton is seeing a modest annual increase, making it attractive for buyers looking for value in their investments.
9. Bunkerville, NV
- Typical Home Value: $372,736
- 1-Year Price Change: +2.0%
- 5-Year Price Change: +45.1%
The sharp rise in value over the past five years shows that Bunkerville is becoming a sought-after location for homebuyers.
8. Mesquite, NV
- Typical Home Value: $385,728
- 1-Year Price Change: +0.6%
- 5-Year Price Change: +33.1%
Known for its golf courses and retirement communities, Mesquite offers a blend of lifestyle and investment potential.
7. North Las Vegas, NV
- Typical Home Value: $413,443
- 1-Year Price Change: +0.8%
- 5-Year Price Change: +45.1%
North Las Vegas showcases strong appreciation, indicating a positive trend in its housing market, which is appealing to families and investors alike.
6. Las Vegas, NV
- Typical Home Value: $434,234
- 1-Year Price Change: +0.9%
- 5-Year Price Change: +45.8%
As the flagship city of the metro area, Las Vegas remains a vibrant hub with a strong market, attracting numerous buyers drawn in by its entertainment and lifestyle offerings.
5. Moapa, NV
- Typical Home Value: $441,219
- 1-Year Price Change: +3.9%
- 5-Year Price Change: +41.3%
Moapa’s gradual valuation increase reflects its growing appeal, particularly among those seeking a quieter, more rural lifestyle outside the city.
4. Boulder City, NV
- Typical Home Value: $476,003
- 1-Year Price Change: +2.9%
- 5-Year Price Change: +42.4%
Boulder City is known for its historic charm and proximity to Lake Mead, which contributes to its desirability and steady appreciation.
3. Henderson, NV
- Typical Home Value: $494,576
- 1-Year Price Change: +1.1%
- 5-Year Price Change: +41.6%
Henderson is well-regarded for its family-friendly neighborhoods and ample amenities, making it a top choice for both new and established homeowners.
2. Logandale, NV
- Typical Home Value: $515,158
- 1-Year Price Change: +4.2%
- 5-Year Price Change: +47.5%
Logandale’s rapid growth in home values highlights its increasing popularity, especially among those looking for larger plot sizes and a rural setting.
1. Mount Charleston, NV
- Typical Home Value: $572,604
- 1-Year Price Change: -1.4%
- 5-Year Price Change: +33.8%
Mount Charleston tops the list not only for its stunning natural beauty but also for its luxury homes, making it a hot spot despite recent minor declines.
As the landscape of homeownership continues to evolve in the Las Vegas area, these cities reflect the dynamic factors influencing home values, offering insights for potential buyers and investors alike.