Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
Nevada's home prices boomed and crashed dramatically during the 2008 financial crisis and have surged again since 2020, especially in Las Vegas and Reno.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (NVSTHPI).
Median Home Value
Nevada's median home value has surged since the pandemic, driven by an influx of California transplants and remote workers into Las Vegas and Reno.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Nevada | U.S. |
|---|---|---|
| Median home value (USD) | 425000 | 360000 |
Rent Prices
Median rent in Nevada has climbed rapidly in the past few years, particularly in the Las Vegas Valley, outpacing wage growth.
Rent of primary residence index (West region)
2006–2025BLS CPI-U, West region, annual average (CUUR0400SEHA).
| Indicator | Nevada | U.S. |
|---|---|---|
| Median gross rent (USD) | 1450 | 1348 |
Housing Inventory
Nevada has roughly 1.36 million total housing units, with the bulk concentrated in the Las Vegas and Reno metro areas.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
Building Permits
Homebuilding activity in Nevada has picked up considerably in recent years to keep pace with fast population growth in Las Vegas and Reno.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED NVBPPRIV).
Homeownership Rate
Nevada's homeownership rate is below the national average, reflecting its transient, tourism-dependent workforce and higher share of renters.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED NVHOWN).
| Indicator | Nevada | U.S. |
|---|---|---|
| Homeownership rate (%) | 58.8 | 65.7 |
Housing Affordability
Housing affordability has deteriorated sharply in Nevada as home prices have outpaced income growth since the pandemic.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Nevada | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 114.1 | 100 |
| Home value-to-income ratio | 5.9 | 4.7 |
Vacancy Rate
Nevada's housing vacancy rate is above the national average, a legacy of the state's history of overbuilding and boom-bust real estate cycles.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED NVRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED NVHVAC).
| Indicator | Nevada | U.S. |
|---|---|---|
| Vacancy rate (%) | 9.5 | 10.5 |