Similar to its surrounding areas, it's a bit more expensive compared to the US as a whole. However compared to the city of Las Vegas, it is somewhat less expensive.
Home prices
The price of the median home in Paradise is $239,400. Compared to other places in this area this is approximately $9,000 (3%) lower.It is roughly $21,900 (10%) higher compared to the nation as a whole, and in comparison to the city of Las Vegas it is about $19,200 (7%) lower.
Rents
Paradise's median rent is $978 per month. In comparison to other places in this area this is roughly $215 (18%) lower.It is about $84 (7%) lower compared to the United States as a whole, and is approximately $124 (11%) lower in comparison to the city of Las Vegas.
Nearby places
Winchester
Winchester is Paradise's neighbor to the north. Real estate prices there are significantly less expensive. Winchester's median home value is $162,400, which comes out to $77,000 (47%) lower than Paradise. Rents there are fairly similar. The median rent in Winchester is $933 per month, which comes out to $45 (4%) lower than Paradise.
Whitney
Whitney is Paradise's neighbor to the east. Housing prices there are a little less expensive. The median home price in Whitney is $183,500, which works out to $55,900 (30%) lower than Paradise. Its rents are somewhat more expensive. The median monthly rent in Whitney is $1,117, which works out to $139 (12%) higher than Paradise.
Enterprise
Enterprise is Paradise's neighbor to the southwest. Its housing prices are a little more expensive. The median home value in Enterprise is $315,300, which comes out to $75,900 (24%) higher than Paradise. Rent there is a bit more expensive. The median monthly rent in Enterprise is $1,434, which works out to $456 (31%) higher than Paradise.
Spring Valley
Spring Valley is Paradise's neighbor to the west. Its real estate prices are a little more expensive. The median home cost in Spring Valley is $262,000, which is $22,600 (8%) higher than Paradise. Its rents are a bit more expensive. In Spring Valley the median monthly rent is $1,191, which is $213 (17%) higher than Paradise.
Henderson
Henderson is Paradise's neighbor to the southeast. Its real estate prices are a little more expensive. The median home in Henderson is valued at $318,800, which is $79,400 (24%) higher than Paradise. Its rents are a bit more expensive. Henderson's median monthly rent is $1,292, which is $314 (24%) higher than Paradise.
