Welcome to our 89031 real estate data hub, tailored for investors in North 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 89031 in North 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 North Las Vegas, NV real estate investing. Uncover the wealth of information available, and position yourself for success in the North Las Vegas property market.
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Location Overview
- Zip Code: 89031
- City: North 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): $380,710
- Average Home Price (Single Family Homes): $382,728
- Average Monthly Rental Price (All Types): $1,995
- Price-to-Rent Ratio: 16
- 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: $1,490
- Average 3 Bedroom Section 8 Rental Rates: $2,120
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 21.29
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.97
- 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): 275.69
- Total % Appreciation since 2000 (Government Data): 182.42
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.82%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.34%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.58%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 45.55%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 167.59%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 31.68%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 89.56%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.54%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.69%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 39.24%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 60.38%