Top 10 Las Vegas Metro Area Cities with Home Prices Growing the Fastest

LAS VEGAS, NV – For all the dismal negatives of the COVID-19 pandemic, there was at least one positive: it set the residential real estate market throughout the United States on fire as people took advantage of low interest rates and the ability to work remotely to finally buy the houses of their dreams.

And that momentum is still being felt to this very day, albeit on a slightly diminished level due to rising inflation, a call by some companies to return to the office following the end of the pandemic, and interest rates on home mortgages currently hovering around seven percent.

But despite all of that, prices on homes in most regions of the country are still climbing due to the age-old laws of supply and demand, and Southern Nevada is no exception.

A new report by Stacker – utilizing data pulled from Zillow – reveals the 10 cities the Las Vegas-Henderson-Paradise Metro area where home prices are growing the fastest, with current values being contrasted with how much they have risen both year-over-year and from January 2018, which represents a five-year span of time.

#1. Moapa

• Current typical home value: $395,744
• Year-over-year increase: +$34,014 (up 9.4 percent)
• Five Year Increase: +$117,277 (up 42.1 percent)

#2. Logandale

• Current typical home value: $502,061
• Year-over-year increase: +$29,507 (up 6.2 percent)
• Five Year Increase: +$162,298 (up 47.8 percent)

#3. Boulder City

• Current typical home value: $466,398
• Year-over-year increase: +$21,980 (up 4.9 percent)
• Five Year Increase: +$139,551 (up 47.8 percent)

#4. Henderson

• Current typical home value: $493,510
• Year-over-year increase: +$21,228 (up 4.5 percent)
• Five Year Increase: +$151,154 (up 44.2 percent)

#5. Jean

• Current typical home value: $279,687
• Year-over-year increase: +$19,393 (up 7.5 percent)
• Five Year Increase: +$74,819 (up 36.5 percent)

#6. Las Vegas

• Current typical home value: $431,505
• Year-over-year increase: +$18,665 (up 4.5 percent)
• Five Year Increase: +$140,027 (up 48.0 percent)

#7. Bunkerville

• Current typical home value: $372,305
• Year-over-year increase: +$17,883 (up 5.0 percent)
• Five Year Increase: +$116,560 (up 45.6 percent)

#8. Searchlight, NV

• Current typical home value: $244,317
• Year-over-year increase: +$16,172 (up 7.1 percent)
• Five Year Increase: +$96,572 (data not available)

#9. Overton, NV

• Current typical home value: $337,958
• Year-over-year increase: +$15,830 (up 4.9 percent)
• Five Year Increase: +$96,572 (up 4.9 percent)

#10. North Las Vegas

• Current typical home value: $411,389
• Year-over-year increase: +$15,050 (up 3.8 percent)
• Five Year Increase: +$132,089 (up 47.3 percent)

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.