New York - NY vs Las Vegas - NV: 2026 Housing Comparison

What this means for buyers

New York - NY is roughly 73% more expensive than Las Vegas - NV in typical home value. Las Vegas - NV sees more listings with price cuts (30.3% vs 16.6%), a sign of softening seller expectations.

New York vs Las Vegas: what the numbers say

At today's 7.24% average 30-year rate with 20% down, the typical home would cost about $3,985 a month in principal and interest in New York and $2,304 in Las Vegas, a gap of $1,681 a month.

Typical rent runs $3,546 in New York and $1,732 in Las Vegas, so the mortgage payment alone is 1.1 times rent in New York and 1.3 times rent in Las Vegas, before taxes and insurance.

Home prices are 17.2 years of rent in New York and 20.3 in Las Vegas; the lower ratio in New York means buying there is cheaper relative to renting.

Over the last 23 months typical values moved +7.6% in New York and -3.4% in Las Vegas; over just the last three months the change was +1.3% in New York and -0.8% in Las Vegas.

Homes sell for 102.3% of list price in New York and 98.1% in Las Vegas, after 33 and 38 days on the market, with price cuts on 17% and 30% of listings. All three signs point the same way: buyers have more room to negotiate in Las Vegas.

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

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-29), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.