Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 8,658 people, 4,364 houses or apartments, and a median cost of homes of $391,773, Laughlin real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Laughlin, accounting for 48.06% of the town's housing units. Other types of housing that are prevalent in Laughlin include single-family detached homes ( 31.98%), row houses and other attached homes ( 8.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.71%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
People in Laughlin primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Laughlin has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Laughlin built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Laughlin built between 2000 and later ( 27.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.30%).
Vacant housing appears to be an issue in Laughlin. Fully 19.65% of the housing stock is classified as vacant. Left unchecked, vacant Laughlin homes and apartments can be a drag on the real estate market, holding Laughlin real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Laughlin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.09%, which ranks in the top 40% nationwide. This equates to an annual average Laughlin house appreciation rate of 7.39%.
NeighborhoodScout's data show that during the latest twelve months, Laughlin's appreciation rate, at 7.10%, has been at or slightly above the national average. In the latest quarter, Laughlin's appreciation rate has been 0.75%, which annualizes to a rate of 3.04%.
Relative to Nevada, our data show that Laughlin's latest annual appreciation rate is higher than 90% of the other cities and towns in Nevada.
$391,773
for Nevada
for nation
4,364
$1,588 / per month