Market Overview
Home Prices in Las Vegas, NM
The median home value in Las Vegas, NM is $241,726 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.7% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Las Vegas are priced41% below average. Las Vegas is part of the Las Vegas, NM metro area.
Over the past five years, Las Vegas home values have risen by approximately21.9%, reflecting strong long-term appreciation in this market.
Price History
Las Vegas Home Price Trend
City Comparison
Las Vegas vs. National Median
At $241,726, homes in Las Vegas cost 41% below the national median of $410,000. This makes Las Vegas a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Las Vegas?
20% Down Payment
$48,345
on $241,726
Monthly P&I
$1,261/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,601/mo
incl. taxes & insurance
Income Needed
$64,040
gross annual (30% rule)
10% Down Option
$24,173
+ PMI applies
Loan Amount (20% dn)
$193,381
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Las Vegas, NM?
The median home value in Las Vegas is $241,726 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.7% year-over-year.
How much have home prices changed in Las Vegas?
Over the past year, home values in Las Vegas have increased by 10.7%. Over five years, prices have risen approximately 21.9%.
How much do I need to earn to buy a home in Las Vegas?
To comfortably afford the median home price of $241,726 with a 20% down payment ($48,345) at today's rates (6.8%), you'd need a gross annual income of approximately $64,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Las Vegas compare to the national average home price?
The national median home value is approximately $410,000. At $241,726, homes in Las Vegas are 41% below the national average.
What metro area is Las Vegas part of?
Las Vegas is part of the Las Vegas, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.