Welcome to our 89131 real estate data hub, tailored for investors in Las Vegas, NV. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 89131 in Las Vegas, NV. Discover Section 8 housing opportunities and challenges to maximize your investment potential in CLARK COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Las Vegas, NV real estate investing. Uncover the wealth of information available, and position yourself for success in the Las Vegas property market.
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Location Overview
- Zip Code: 89131
- City: Las Vegas
- State: NV
- Metro Area: Las Vegas-Henderson-Paradise, NV
- County Name: CLARK COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $491,428
- Average Home Price (Single Family Homes): $497,070
- Average Monthly Rental Price (All Types): $2,033
- Price-to-Rent Ratio: 20
- Zillow Projected % appreciation from 4/2023-4/2024: -0.5%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,560
- Average 3 Bedroom Section 8 Rental Rates: $2,220
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 26.25
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 18.45
- Number of Units Offered in Section 8 in the County: 4148
- Number of Occupied Units in Section 8 in the County: 4002
- Percentage of Section 8 Units Occupied in the County: 96.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 331.95
- Total % Appreciation since 2000 (Government Data): 173.57
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -2.13%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -0.4%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 25.54%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.88%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 137.81%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.2%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 89.69%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.91%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.12%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 37.14%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 57.07%