87701, Las Vegas, NM

Las Vegas, NM is located in the 87701 zip code. The median home value in this zip code is $269,000. The median home equity value in this zip code is $117,500. There are a total of 1,841 homes currently for sale in the 87701 zip code. The average list price for these homes is $269,000.

The Las Vegas area has seen a steady increase in home values over the past few years. In fact, according to Zillow’s Home Value Index (HVI), the Las Vegas area has seen an annual growth rate of 2.1% since 2013! This strong growth has helped to drive up the median home value in this zip code by over 20%.

One reason for this strong growth may be that there are a lot of new homes being built in the Las Vegas area. According to Realtor Magazine’s 2018 Housing Market Report, there were 1,527 new housing units constructed in Clark County (which includes Las Vegas) between January 2017 and December 2017 – which was more than any other county in Nevada! This influx of new homes has helped to push up prices and increase demand for property within the Las Vegas area – which is likely why home values have been rising so rapidly here over recent years.

However, despite these positive trends, there are still some areas of concern when it comes to housing prices and equity within the Las Vegas area. For example, while prices have been on the rise overall, incomes haven’t kept pace – meaning that many people who want to buy a home here are finding it increasingly difficult to do so due to high levels of mortgage debt (which can lead to problems down the line if/when interest rates rise). Additionally, although there are now more homes available for sale than ever before – many of these properties are still being snapped up quickly by buyers who aren’t prepared/able to pay high levels of mortgage debt (meaning that there remains plenty of room for further price appreciation).