Zillow has released a new report about housing in Las Vegas.
Home values have increased by 16.5 percent but they are still 17.7 percent less than they were during the peak of the housing bubble. Median rent rose 4.5 percent and is now $1,305 per month.
Home values are appreciating the fastest in San Jose, Las Vegas, and Seattle. In San Jose, home values rose 26 percent to a median of $1,263,900. In Las Vegas and Seattle, home values rose 16.5 percent and 13.6 percent, respectively.
The top 5 fastest appreciating neighborhoods in Las Vegas are Huntridge, Pittman, Downtown East, Charleston Heights and Winchester.
