Summerlin South, Nevada Housing Market Prices
Summerlin South 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.
-
Median home price 75% above the Nevada median$625,000
-
Median rent 57% above the Nevada median$2,507
Housing Market Overview
| Metric | Summerlin South | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $357,758 | $248,835 |
| Price Trend (Annual %) | 6.1% | 9.4% | 7.5% |
| Median Gross Rent | $2,507 | $1,597 | $1,407 |
| Rent Trend (Annual %) | 6.3% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Summerlin South is about 75% higher than in Nevada. Rent is about 57% 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 Summerlin South, up about 6.1% and 6.3% a year respectively. Rent is changing faster.
Median rent in Summerlin South rose about 62.6% between 2015 and 2024, from $1,542 to $2,507. Over the same span, rent in Nevada rose about 64.3%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Summerlin South.
Buying the median-priced home in Summerlin South costs roughly 20.8 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 Summerlin South. The price-to-rent ratio in Nevada is about 18.7.
| Metric | Summerlin South | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $357,758 | $248,835 |
| Median Household Income | $117,366 | $78,637 | $80,455 |
| Price-to-Income Ratio | 5.3 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Summerlin South rose about 5.8%, while median household income rose about 41.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Summerlin South | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.8% | 54.4% | 58.5% |
| Rental Rate | 28.2% | 36.3% | 31.2% |
| Vacancy Rate | 7.9% | 9.3% | 10.2% |
| Median Tenure (years) | 10.0 | 12.0 | 15.0 |
| Median Year Moved In | 2016 | 2014 | 2011 |
Summerlin South has a homeownership rate of 63.8%, higher than the Nevada average of 54.4%. Its housing vacancy rate is 7.9%, compared with 9.3% in Nevada.
Housing Stock
| Metric | Summerlin South | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 2006 | 1993 | 1978 |
| Median Number of Rooms | 6.0 | 5.3 | 5.5 |
The typical housing unit in Summerlin South was built around 2006. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 10.0 years on average.
Summerlin South, NV Housing Compared With Nearby Cities
Summerlin South, NV is the smallest of the 5 cities compared here, 29,809 residents against a local median of 219,735. Summerlin South, NV's median home price, at $625,000, runs 69% above the $370,878 typical of the cities around it.
Median rent tells the same story from another angle: $2,507 against a local median of $1,652, 52% above it. The one measure here that carries a verdict is homeownership, and at 30% above the local median it puts Summerlin South, NV at the better end of the local range. The cities themselves spread $209,869 on median home price, so Summerlin South, NV sits at one end of an already wide local range rather than apart from it. Summerlin South, NV has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Summerlin South, NV | 29,809 | $625,000 #1/5 | $2,507 #1/5 | 69.3% #1/5 |
| Spring Valley, NV | 217,800 | $378,472 | $1,740 | 50.3% |
| Las Vegas, NV | 628,856 | $363,283 | $1,563 | 56.2% |
| Enterprise, NV | 221,670 | $460,793 | $1,911 | 62.1% |
| Winchester, NV | 36,180 | $250,924 | $1,220 | 33.0% |
Frequently Asked Questions
Common questions about the housing market in Summerlin South, Nevada.
What is the median home price in Summerlin South, Nevada?
The median home price in Summerlin South, Nevada is $625,000, higher than the Nevada average of $357,758.
What is the average home price in Summerlin South, Nevada?
The typical home price in Summerlin South, Nevada, reported as the median sale price, is $625,000. 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 Summerlin South, Nevada?
The median gross rent in Summerlin South, Nevada is $2,507 per month, higher than the Nevada average of $1,597.
What was the median gross rent in Summerlin South in 2020?
In 2020, the median gross rent in Summerlin South, Nevada was $1,936 per month.
What is the price-to-rent ratio in Summerlin South, Nevada?
The price-to-rent ratio in Summerlin South, Nevada is about 20.8, meaning it would take roughly 20.8 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 Summerlin South.
Are home prices or rent rising faster in Summerlin South, Nevada?
Both home prices and rent are rising in Summerlin South, up about 6.1% and 6.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Summerlin South, Nevada?
63.8% of households in Summerlin South, Nevada own their home, higher than the Nevada average of 54.4%.
What is the vacancy rate in Summerlin South, Nevada?
The housing vacancy rate in Summerlin South, Nevada is 7.9%, lower than the Nevada average of 9.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →