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Clark County, NV

Las Vegas

RANK #865 / 996 NAT  ·  POP 2,265,926

1YR FORECAST: -0.7%

5YR OUTLOOK: +13%

Our model projects Clark County's housing market at -0.7% over the next year, underperforming most U.S. counties.

[01] Why Clark County?

Clark County, Nevada, is perhaps best known for the Las Vegas Strip, a major global entertainment destination. However, beyond the bright lights, the county offers diverse communities like Henderson and Boulder City, and a landscape that includes desert, mountains, and water features. Commutes average around 25 minutes, with 93% of workers experiencing this travel time. The region boasts extensive outdoor recreation, including Red Rock Canyon National Conservation Area for hiking and rock climbing, Mount Charleston for skiing, and Lake Mead National Recreation Area for boating and fishing. The Clark County Wetlands Park also provides trails and wildlife habitat.

Life in Clark County offers a mix of urban and suburban environments, with a focus on family-friendly activities and community amenities. The Clark County School District is the largest in Nevada, serving a substantial student population. The economy, while historically tied to tourism and hospitality, is diversifying. Recent economic developments show growth in sectors such as technology, manufacturing, and health and life sciences. Infrastructure improvements, including transportation projects and expanded water access for industrial areas, are also underway.

[02] Market Snapshot

Housing Ratio
5.5x

Above national median (4.7x)

GDP Growth
+3.1%

Above national median

Home Prices
-2.5%

Prices declining

Climate & Terrain
4.9

Favorable climate & terrain

Price/Rent
18x

Above national median (13x)

Housing is fairly valued at 5.5x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    University Medical Center (UMC) of Southern Nevada Healthcare
    10,000+
  2. 2
    Nellis Air Force Base Military
  3. 3
    Clark County Government Government
  4. 4
    Las Vegas Metropolitan Police Department Government
    5,000+
  5. 5
    MGM Resorts International Hospitality
  6. 6
    Caesars Entertainment Hospitality
  7. 7
    Las Vegas Sands Corp Hospitality
  8. 8
    Clark County School District Education
  9. 9
    Wynn Las Vegas Hospitality
  10. 10
    Sunrise Hospital Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Clark County U.S. National

The Numbers

DEMOGRAPHICS
Population
2,265,926
+1.56% YoY
Median Household Income
$69,911
Median Home Value
$368,800
-2.45% 12mo
Median Rent
$1,406
Average Annual Pay
$64,985
+4.9% YoY
Employment
1,124,772
+2.4% YoY
Income-to-Home-Value
0.1896
Near national average
Migration Inflow
0.21%
of pop. from another state
Bachelor's Degree+
26.4%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$440,000
Days on Market
81
Slower market
Months of Supply
4.6
Balanced market
Sale-to-List Ratio
97.7%
Negotiation room for buyers
Sold Above List
15.4%
Listings w/ Price Drops
22.4%
Building Permits (2024)
14,754
Single-Family Permits
12,277

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
7.9
per 100K · nat avg 6.3
Firearm Fatalities
17.0
per 100K · nat avg 14.8
Injury Deaths
79.7
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

D
AIR QUALITY
GRADE
Median AQI (3yr)
62.3
Moderate
Good Air Days
24%
264 of 1,095 days
Unhealthy+ Days (3yr)
86
Includes 3 Very Unhealthy
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
62
2022
64
2023
61
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$3,700M
TOTAL
PROJECT AMOUNT STATUS
Gemini Solar + Storage Project
Primergy
$1,200M Operating
Aoki Battery Storage (BESS) project
Undisclosed
$700M Planned
Mosey Solar Project
Renew Development HoldCo, LLC (Clearway Energy subsidiary)
$500M Proposed
Southern Nevada Supplemental Airport & New Town
Clark County
$500M Planned
Google Data Center Campus Expansion
Google
$400M Under Construction
Rough Hat Clark Solar Project
Undisclosed
$400M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.1% 57 percentile
Population Growth +1.6% 84 percentile
Income Growth +8.9% 61 percentile
Vacancy Rate 2.0% 9 percentile
Home Price Change -2.5% 12 percentile
Rent Growth -0.3% 9 percentile
Price/Rent 18x 16 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Clark County, NV a good place to move to?

The data is not encouraging — Clark County scores just 12/100 on the Boom Town Index, ranking #865 of 996 counties. Job growth at +2.4% and median household income of $69,911 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Clark County affordable?

Clark County leans toward the expensive side. A median home value of $368,800 against an income-to-home-value ratio of 0.19 means housing eats a bigger share of local earnings than the national norm. Renters face $1,406/month on average.

Is Clark County growing or shrinking?

Clark County is growing on multiple fronts. Population is up +1.6% year-over-year while employers added jobs at a +2.4% clip. Home values shifted -2.5% in the past year.

Are many people relocating to Clark County?

Not particularly — 0.21% of Clark County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Carson City, NV 15 Nye County, NV 44 Washoe County, NV 47 Elko County, NV 70 Lyon County, NV 75 Salt Lake County, UT 12 Broward County, FL 11 Tarrant County, TX 10