Housing Market Overview
Housing market data including home prices, rent costs, affordability metrics, and housing stock characteristics.
$601,399
$2,397
Housing Market Overview
| Metric | Summerlin South | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $601,399 | $338,659 | $242,182 |
| Price Trend (Annual %) | 6.5% | 9.9% | 8.2% |
| Median Gross Rent | $2,397 | $1,488 | $1,342 |
| Rent Trend (Annual %) | 6.5% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Housing Cost & Rent Trends
Median Home Price Over Time
Summerlin South
Nevada
United States
Median Rent Over Time
Summerlin South
Nevada
United States
Affordability
On average, housing unit costs 5.4 yearly household incomes in Summerlin South.
| Metric | Summerlin South | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $601,399 | $338,659 | $242,182 |
| Median Household Income | $112,408 | $75,608 | $78,145 |
| Price-to-Income Ratio | 5.4 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Home Prices
Household Income
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Household Income Growth %
Housing Cost Growth %
Occupancy & Tenure
| Metric | Summerlin South | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.7% | 53.7% | 58.2% |
| Rental Rate | 26.3% | 36.8% | 31.3% |
| Vacancy Rate | 8.0% | 9.5% | 10.6% |
| Median Tenure (years) | 10.0 | 12.0 | 15.0 |
| Median Year Moved In | 2016 | 2014 | 2011 |
Housing Stock
| Metric | Summerlin South | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.62 people | 2.54 people |
| Median Structure Built Year | 2006 | 1993 | 1978 |
| Median Number of Rooms | 6.0 | 5.3 | 5.5 |