LAS VEGAS HOUSING MARKET INFORMATION With a population of 660,929, 244,429 total housing units (homes and apartments), and a median house value of $459,650, Las Vegas real estate prices are well above average cost compared to national prices. Single-family detached homes are the single most common housing type in Las Vegas, accounting for 62.04% of the city's housing units. Other types of housing that are prevalent in Las Vegas include large apartment complexes or high rise apartments ( 22.63%), duplexes, homes converted to apartments or other small apartment buildings ( 8.68%), and a few row houses and other attached homes ( 5.33%). The most prevalent building size and type in Las Vegas are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.10% owning and 44.90% renting. There is a lot of housing in Las Vegas built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Las Vegas built between 2000 and later ( 31.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.13%). LAS VEGAS HOME APPRECIATION RATES In the last 10 years, Las Vegas has experienced some of the highest home appreciation rates of any community in the nation. Las Vegas real estate appreciated 152.74% over the last ten years, which is an average annual home appreciation rate of 9.72%, putting Las Vegas in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Las Vegas definitely has a track record of being one of the best long term real estate investments in America through the last ten years. 蘑菇视频's data show that during the latest twelve months, Las Vegas's appreciation rate, at 7.10%, has been at or slightly above the national average. In the latest quarter, Las Vegas's appreciation rate has been 0.75%, which annualizes to a rate of 3.04%. Relative to Nevada, our data show that Las Vegas's latest annual appreciation rate is higher than 80% of the other cities and towns in Nevada. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Las Vegas differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Las Vegas - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Las Vegas real estate investment or home purchase decisions.