What credit score is needed to buy a house in Las Vegas?

A credit score of 580 is usually the minimum to buy a house in Las Vegas. An FHA loan generally requires a credit score of 580. Most other loans require a score of 620 and above. VA loans require a minimum of 620, and USDA loans require a minimum of 640.

What is the average price of a house in Las Vegas?

According to Zillow, the median home value in Las Vegas is $425,019. This represents a 14.2% increase over the past year. The neighboring city of Henderson has a median home value of $492,623.

Are housing prices going up in Las Vegas?

According to Zillow, the median home value in Las Vegas is expected to increase by 0.9% in 2019. However, there are many parts of Las Vegas and the surrounding area that are predicted to decrease in value. Values in The Lakes and Summerlin South, for example, are expected to depreciate by 1.6% and 0.6% respectively, and Green Valley North is projected to stay at exactly the same price.

How much does it cost to live in Las Vegas?

For a mortgage, if you’re purchasing a home at the city's median home value with a 10% down payment and a credit score between 680 and 699, you can expect to pay around $1,200 each month . Outside of a mortgage, how much it costs to live in Las Vegas is entirely dependent on your lifestyle and spending habits. However, Las Vegas is a fairly affordable city, with the average cost of living sitting at just 3% more than the U.S. national average. Utilities in the city are 10% below the national average, transportation is 14% above the national average, and food is 4% above the national average.

Hannah Warrick

Content Editor

Hannah Warrick joined the Clever team in May 2023 as a Content Editor. She has over 5 years of experience in writing, editing, and research, specializing in personal finance, investing, and real estate topics.

Before joining Clever, Hannah co-launched Greatness.com — a digital publication that covers a variety of self-improvment topics, including real estate investing, personal budgeting, and resolving debt. She also worked with Gusto to update their Partner Resources Blog with over 200 articles that cover topics like cloud accounting, CPA ethics, and more.

Expertise: Discount real estate brokers; flat fee MLS companies; first-time home selling; first-time home buying

Education: B.A. in English from Samford University; Samford Unversity Fellow

Find more from Hannah

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