Austin - TX vs Las Vegas - NV: 2026 Housing Comparison

What this means for buyers

Las Vegas - NV is roughly 2% more expensive than Austin - TX in typical home value. Homes sit on market longer in Austin - TX (60 days vs 38), suggesting more buyer leverage there.

Austin vs Las Vegas: what the numbers say

At today's 7.32% average 30-year rate with 20% down, the typical home would cost about $2,277 a month in principal and interest in Austin and $2,323 in Las Vegas, a gap of $46 a month.

Typical rent runs $1,603 in Austin and $1,732 in Las Vegas, so the mortgage payment alone is 1.4 times rent in Austin and 1.3 times rent in Las Vegas, before taxes and insurance.

Home prices are 21.5 years of rent in Austin and 20.3 in Las Vegas; the lower ratio in Las Vegas means buying there is cheaper relative to renting.

Over the last 23 months typical values moved -9.8% in Austin and -3.4% in Las Vegas; over just the last three months the change was -0.1% in Austin and -0.8% in Las Vegas.

Homes sell for 97.3% of list price in Austin and 98.1% in Las Vegas, after 60 and 38 days on the market, with price cuts on 30% and 30% of listings. The signs are mixed: Austin has longer time on the market and sales further below list, while Las Vegas has more price cuts.

The number of homes for sale is down 3% on a year ago in Austin and up 2% on a year ago in Las Vegas.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-22), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.