Enterprise, Nevada Housing Market Prices
Enterprise Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 29% above the Nevada median$460,793
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Median rent 20% above the Nevada median$1,911
Housing Market Overview
| Metric | Enterprise | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $460,793 | $357,758 | $248,835 |
| Price Trend (Annual %) | 13.0% | 9.4% | 7.5% |
| Median Gross Rent | $1,911 | $1,597 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Enterprise is about 29% higher than in Nevada. Rent is about 20% higher than the Nevada average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Enterprise, up about 13.0% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Enterprise rose about 51.7% between 2015 and 2024, from $1,260 to $1,911. Over the same span, rent in Nevada rose about 64.3%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Enterprise.
Buying the median-priced home in Enterprise costs roughly 20.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Enterprise. The price-to-rent ratio in Nevada is about 18.7.
| Metric | Enterprise | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $460,793 | $357,758 | $248,835 |
| Median Household Income | $95,898 | $78,637 | $80,455 |
| Price-to-Income Ratio | 4.8 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Enterprise rose about 145.8%, while median household income rose about 40.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Enterprise | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.0% | 54.4% | 58.5% |
| Rental Rate | 35.4% | 36.3% | 31.2% |
| Vacancy Rate | 6.6% | 9.3% | 10.2% |
| Median Tenure (years) | 9.0 | 12.0 | 15.0 |
| Median Year Moved In | 2017 | 2014 | 2011 |
Enterprise has a homeownership rate of 58.0%, higher than the Nevada average of 54.4%. Its housing vacancy rate is 6.6%, compared with 9.3% in Nevada.
Housing Stock
| Metric | Enterprise | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.81 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 2007 | 1993 | 1978 |
| Median Number of Rooms | 5.7 | 5.3 | 5.5 |
The typical housing unit in Enterprise was built around 2007. On average, 2.8 people live in a home with about 5.7 rooms, staying for about 9.0 years on average.
Enterprise, NV Housing Compared With Nearby Cities
Enterprise, NV is the largest of the 5 cities compared here, 221,670 residents against a local median of 111,315. Where Enterprise, NV breaks from the cities next to it is homeownership, sitting 36% above the local median of 45.7% at 62.1%. That is the better end of the local range on this measure.
Median home price tells the same story from another angle: $460,793 against a local median of $347,641, 33% above it. The cities themselves spread 36.3% on homeownership, so Enterprise, NV sits at one end of an already wide local range rather than apart from it. Enterprise, NV has the 2nd highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Enterprise, NV | 221,670 | $460,793 #2/5 | $1,911 #2/5 | 62.1% #2/5 |
| Spring Valley, NV | 217,800 | $378,472 | $1,740 | 50.3% |
| Paradise, NV | 186,450 | $316,809 | $1,367 | 41.1% |
| Summerlin South, NV | 29,809 | $625,000 | $2,507 | 69.3% |
| Winchester, NV | 36,180 | $250,924 | $1,220 | 33.0% |
Frequently Asked Questions
Common questions about the housing market in Enterprise, Nevada.
What is the median home price in Enterprise, Nevada?
The median home price in Enterprise, Nevada is $460,793, higher than the Nevada average of $357,758.
What is the average home price in Enterprise, Nevada?
The typical home price in Enterprise, Nevada, reported as the median sale price, is $460,793. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Enterprise, Nevada?
The median gross rent in Enterprise, Nevada is $1,911 per month, higher than the Nevada average of $1,597.
What was the median gross rent in Enterprise in 2020?
In 2020, the median gross rent in Enterprise, Nevada was $1,432 per month.
What is the price-to-rent ratio in Enterprise, Nevada?
The price-to-rent ratio in Enterprise, Nevada is about 20.1, meaning it would take roughly 20.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Enterprise.
Are home prices or rent rising faster in Enterprise, Nevada?
Both home prices and rent are rising in Enterprise, up about 13.0% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Enterprise, Nevada?
58.0% of households in Enterprise, Nevada own their home, higher than the Nevada average of 54.4%.
What is the vacancy rate in Enterprise, Nevada?
The housing vacancy rate in Enterprise, Nevada is 6.6%, lower than the Nevada average of 9.3%.
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