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2013 Housing Profile: -Paradise, NV American Housing Survey Factsheets

Issued May 2015 AHS/13-10

The 2013 American Housing Survey (AHS) Factsheet series provides results from the 2013 AHS for 25 selected metro- Number of housing units interviewed: 3,530 politan areas and the . National data are collected every other In the AHS, every housing unit represents itself year and data are collected on a rotating schedule. and about 242 other units. The AHS coverage of the Las Vegas-Paradise Metro Area matches the 2009 Office of Management and Budget definition. OWNER- AND RENTER-OCCUPIED HOUSING UNITS BY AGE Housing units in thousands 80

Regular and/or 60 home-equity mortgage1

40 No mortgage, Renter owned free and clear

20 HOUSING INVENTORY Number Percent Reverse mortgage Total Units 853,200 100.0 0 Owner-occupied units 374,800 43.9 Under 25–29 30–34 35– 44 45–54 55–64 65–74 75 years 25 years and over Renter-occupied units 318,100 37.3 Age of householder Vacant units 146,900 17.2 1 Regular mortgages include all mortgages not classified as home-equity credit lines or reverse Seasonal units 13,400 1.6 annuity mortgages. Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, 2013 American Housing Survey.

OWNER-OCCUPIED HOUSING UNITS WITH: Pets A usable 4+ 2+ complete present 48% fireplace 51% bedrooms 35% bathrooms 93% Children 26% Separate Rooms used dining room 57% exclusively 15% for business Porch, deck, A garage balcony, or 90% or carport 93% patio

3+ vehicles 24%

U.S. Department of Housing and Urban Development OFFICE OF POLICY DEVELOPMENT AND RESEARCH WHAT IS THE AHS? Table 1. The AHS is the most comprehen- Physical Characteristics—All Occupied Housing Units: 2013 sive housing survey in the United Owner- Renter- Characteristics States. The same units have been Total occupied occupied interviewed since 1985, with new Total (thousands) ...... 692 .9 374 .8 318 .1 construction, demolitions, and con- One unit, detached (percent)...... 61.2 81.5 37.2 Newly constructed multiunits (percent)1 . . . . 0.5 0.2 0.8 versions taken into account. Cooperative or condo (percent)...... 9.4 7.3 11.9 People in nearly every field use Median: Year built...... 1995 1995 1995 information from the AHS to Square footage per unit...... 1,516 1,800 1,100 evaluate and study the physical Percentage using: and financial characteristics of the Well water (primary source)...... 0.5 0.7 0.3 nation’s housing stock. In addi- Public sewer...... 97.9 96.4 99.7 Main house heating fuel (percent): tion to the indicators presented in Electricity...... 36.5 23.8 51.4 Tables 1 and 2, the AHS provides Piped gas...... 62.6 75.2 47.8 data on multi-family and single- Other...... 0.9 1.0 0.7 Percentage with: family homes, manufactured/mobile Central air ...... 97.3 98.2 96.2 homes, equipment and appliances, Warm-air furnace (main heating)...... 86.2 88.2 83.9 characteristics of the occupants, Unsafe drinking water ...... 24.6 22.2 27.4 Prepared emergency evacuation kit. . . . . 47.3 48.9 45.5 and more. House or building number clearly visible. . . 86.6 92.2 80.0 Signs of mice in last 12 months...... 1.2 1.4 1.0 Waterfront property ...... 0.4 0.3 0.5 Missing roofing material2...... 2.0 3.2 0.5 Leakage from outside structure...... 4.3 4.2 4.5 1 In past 4 years. 2 Excludes multiunit structures. Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, 2013 American Housing Survey. Table 2. Financial Characteristics—Owner-Occupied Housing Units: 2013 New construction Black Elderly Below Characteristics Total past 4 years alone Hispanic (65+ years) poverty Median: Year mortgage originated...... 2008 2011 2009 2009 2006 2008 Purchase price (dollars)...... 154,500 207,000 150,000 120,000 146,000 130,000 Home value (dollars)...... 150,000 190,000 140,000 110,000 150,000 120,000 Current total loan as percentage of value (percent). . . 88.0 90.0 90.0 100.0 75.0 92.0 Ratio of value to current income ...... 2.6 2.2 2.3 2.4 3.6 19.2 Percentage with: No mortgage, owned free and clear...... 28.4 24.4 21.8 17.1 42.5 38.8 Regular and/or home equity mortgage1...... 70.5 75.6 76.3 82.6 53.8 60.0 Line-of-credit...... 2.8 Z 1.2 2.5 3.7 1.8 Refinanced primary mortgage...... 21.9 3.5 22.6 24.3 20.2 15.0 Two or more regular and/or home equity mortgages1 . . 5.8 3.5 3.1 4.5 4.9 4.8 Missed or late mortgage payment(s)...... 4.5 Z 7.0 11.4 2.3 2.3 Median monthly expenditures (dollars) Total housing...... 1,042 1,465 1,041 1,097 713 781 Mortgage payment...... 978 1,250 960 900 825 856 Property insurance ...... 45 38 41 42 45 40 Real estate taxes...... 108 167 103 83 108 83 Routine maintenance...... 25 8 17 25 17 17 Electricity...... 123 100 117 135 108 108 Trash removal ...... 14 14 15 14 14 14 Z Rounds to zero. 1 Regular mortgages include all mortgages not classified as home-equity credit lines or reverse annuity mortgages. Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, 2013 American Housing Survey.

SOURCE AND ACCURACY FOR MORE INFORMATION The AHS is sponsored by the Department of Housing and Visit the AHS Web site for a complete set of Urban Development (HUD) and conducted by the U.S. Census tables, definitions, and more at . Additional responded to the 2013 AHS, using weighting consistent with information is available on HUD’s Web site at the 2010 Census. The resulting estimates are representative . Please contact us at of the entire population. For information on sampling and esti- 888-518-7365 (toll-free) or e-mail us at mation methods, see with any inquiries about /ahs/about/methodology.html>. these data. 2 2013 Housing Profile: Las Vegas-Paradise, NV U.S. Census Bureau