What Are The 10 Richest Neighborhoods In Las Vegas, NV?

Las Vegas is known as one of the world’s top tourist destinations, but it can also make a good place to live thanks to the low cost of living. The cost of living in Las Vegas is around 1% lower than the national average. The cost of goods and services in Sin City is 6% lower. The median price of a home is only around $185,000 in Las Vegas, while the average rent is $985. To take in the views of some of the most gorgeous homes in Las Vegas, check out What Are The 9 Biggest Houses In Las Vegas?

The top 10 richest neighborhoods in Las Vegas include the following:

Summerlin is a master-planned community, and it’s divided into four main areas. Summerlin North is one of those. Development of the community started in the 1990s. Summerlin North includes its own subdivisions which are The Hills, The Hills South, The Pueblo, The Trails, The Crossing, the Canyon, and the Arbors.

Summerlin North, along with being considered a rich neighborhood in Las Vegas, has a lot of recreational amenities. There are 25 parks in Summerlin North, with walking trails, pools, and water features. There’s also a very active community association.

The cost of living in Summerlin North ranks as 119, meaning it’s 19% more expensive than the U.S. average. Household income in Summerlin North is 65% higher than the national average and 72% higher than Nevada. The prices of houses in Summerlin North have gone up almost 8% in the past year, and home values are significantly higher than the Las Vegas average.

Sheep Mountain is one of the most sought-after Las Vegas neighborhoods. It’s scenically beautiful and quiet. It’s also a good place for families. Residents say Sheep Mountain feels semi-rural and there are a lot of opportunities for outdoor activities.

There’s a pretty big range in home prices, from lows of $194,000 up to more than $2.5 million. A perk of living in Sheep Mountain is that the total crime is 36% lower than in Las Vegas.

As far as being a rich Las Vegas neighborhood, it’s 14% more expensive than the U.S. average. The cost of living is 11% higher than Nevada, and the median household income is 52% higher than the U.S. average.

The Lakes is a wealthy master-planned community that is often compared to a resort. The homes are set around man-made lakes, and many have water views.

Use of the main lake is restricted to homeowners only. The Lakes is made up primarily of gated communities and large single-family homes, and it was one of Las Vegas’s first master-planned communities.

The Lakes is regarded as one of the most beautiful neighborhoods in Las Vegas, and it has jogging trails and walkways along with access to private Lake Sahara.

Some homes have their own docks as well. The cost of living is estimated to be 11% higher than Nevada’s average, and housing prices are 51% higher than the national average.

Buffalo is an area of Las Vegas with a huge range in the price of homes, from under $160,000 to more than $7.5 million.

Residents of Buffalo feel that it’s a family-friendly, well-kept, and pet-friendly part of Las Vegas to call home. The cost of living in Buffalo is 10% more than the U.S. average. It’s 12% higher than the Las Vegas average, and real estate prices are 57% higher.

Home prices have gone up around 9% year-over-year in the Buffalo area, which is adjacent to The Lakes and Charleston Preservation. Also close to Buffalo are Summerlin and Peccole Ranch.

The homes, including to buy and rent, are expensive in Tule Springs. In fact, the average rental price is higher than 91% of other Nevada neighborhoods. Tule Springs is rated as one of the most family-friendly communities in Las Vegas, and the majority of the homes here are newer, having been built since 2000.

The cost of living is 10% higher than the national average, with housing being 37% higher than the national average. The Villages at Tule Springs is one of the most popular neighborhoods, with homes that sell typically for around $184 a square foot on average.

Tule Springs is part of North Las Vegas and is close to regional parks and other amenities. The income per capita in Tule Springs is 10% higher than the national average.

Lone Mountain is a community in Las Vegas that offers a lot of outdoor recreation opportunities nearby. For example, it’s very close to Red Rock Canyon National Conservation Area. Residents describe Lone Mountain as being safe and having a lot of nice, new homes. Many people who live in the area also say it’s family-friendly.

The cost of living in Lone Mountain is around 6% more than the national average, with housing being 26% higher. Both the income per capita and the median household income are well above the Las Vegas average and the average for Nevada. The median household income in Lone Mountain is also 31% higher than the national average.

Sun City Summerlin has a cost of living that’s around 5% higher than the national average, and housing in this Las Vegas community is 22% higher. Sun City Summerlin is an active adult community in the Spring Mountain Range.

There are nearly 8,000 homes and there are three golf courses, three restaurants, and four clubhouses. Residents are 55+ and the community spans more than 22,500 acres. There are 20 separate residential villages that are part of Sun City Summerlin.

There is a homeownership rate of 84% in Sun City Summerlin, meaning the vast majority of people who live there do own their homes. That’s actually a homeownership rate that’s 31% higher than the national average. Home values in Sun City Summerlin have gone up more than 8% in the past year.

Kyle Canyon is one of the top-ranked neighborhoods not only in Las Vegas but all of Nevada. The schools in the area are great, with high school graduation rates that are 11% higher than the national average. Kyle Canyon Picnic Area is a great place to visit in the Spring Mountains National Recreation Area. You can hike, horseback ride and enjoy the desert scenery.

Kyle Canyon has a household income that’s 28% higher than the national average and an unemployment level that’s 18% lower than the national average. The cost of living here is 5% more than the national average.

Centennial Hills has homes that range in price from as low as $120,000 to upwards of nearly $2 million. According to people who live there, Centennial Hills is very relaxed, with a lot of families and friendly neighbors. Many residents say they feel extremely safe, and it’s common to see a lot of children and pets out.

The cost of living in Centennial Hill is 4% higher than the national average, and housing is 18% higher. Home values have gone up more than 9% in the past year.

First, the cost of living, in general, is lower in Las Vegas. Second, many of the communities listed above are sprawling master-planned developments, with a lot of different neighborhoods. It’s not uncommon for some of these communities to have homes for sale below $200,000 and then also have homes for sale in the millions.

Summerlin has some of the most expensive real estate in Las Vegas, divided into many different communities. There’s Falcon Ridge at The Ridges, just as one example, with custom homes that range from $2.5 million up to $7.5 million.

There can be a pretty big disparity in income and housing in Las Vegas, as is often the case in resort or tourist destinations that also have a big service industry.