Looking at the Zillow Home Value Index data, Nevada’s luxury real estate market shows remarkable growth patterns across different regions. From Reno to Las Vegas, property values have consistently climbed since 2010.
The data reveals striking regional differences, with Washoe County neighborhoods showing stronger long-term appreciation compared to Clark County. Most notably, 15-year gains average over 150% in the top-tier markets.
Financial investment in these premium neighborhoods has outpaced inflation by significant margins, with post-pandemic acceleration particularly evident in luxury submarkets like Galena, where values have increased 55.8% in just five years.
25. Cortona
- 2025 Home Value: $584,181
- 2020 Home Value: $395,864
- 2015 Home Value: N/A
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): N/A
- % Change (2020–2025): 47.6%
Investment in Cortona has yielded exceptional five-year returns with property values surging nearly 48% since 2020. The rapid appreciation trajectory suggests this North Las Vegas neighborhood is becoming increasingly coveted among high-income buyers. With average homes now commanding nearly $600,000, Cortona represents an emerging luxury segment in Clark County’s otherwise moderate market.
24. Westgate
- 2025 Home Value: $584,318
- 2020 Home Value: $394,319
- 2015 Home Value: $296,058
- 2010 Home Value: $235,764
- % Change (2010–2025): 147.8%
- % Change (2015–2025): 97.4%
- % Change (2020–2025): 48.2%
Westgate’s financial performance has been consistently strong across all timeframes, with its 15-year growth exceeding 147% and values nearly doubling in the past decade. The neighborhood has displayed remarkable resilience through economic cycles while maintaining acceleration post-pandemic with a robust 48.2% appreciation since 2020. Situated in Henderson’s expanding luxury corridor, Westgate offers both established investment security and continued growth potential.
23. Skye Canyon
- 2025 Home Value: $589,524
- 2020 Home Value: N/A
- 2015 Home Value: N/A
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): N/A
- % Change (2020–2025): N/A
As one of Las Vegas’ newest master-planned communities, Skye Canyon has rapidly ascended into premium territory with current valuations nearing $590,000. The absence of historical comparison data reflects its recent development, yet its current positioning among Nevada’s top 25 most valuable neighborhoods signals exceptional market acceptance. Located on the northwestern edge of Las Vegas in Clark County, this investment frontier combines modern amenities with strategic positioning for continued appreciation.
22. Double Diamond
- 2025 Home Value: $591,623
- 2020 Home Value: $419,358
- 2015 Home Value: $277,615
- 2010 Home Value: $219,676
- % Change (2010–2025): 169.3%
- % Change (2015–2025): 113.1%
- % Change (2020–2025): 41.1%
The financial trajectory of Double Diamond reveals extraordinary long-term capital appreciation, with property values more than doubling in the past decade and increasing 169.3% since 2010. While its recent five-year growth of 41.1% indicates some moderation compared to other luxury submarkets, the overall return profile remains impressive. Nestled in south Reno within Washoe County, Double Diamond demonstrates how Nevada’s northern markets have evolved from modest valuations to significant wealth generators.
21. Sheep Mountain
- 2025 Home Value: $601,554
- 2020 Home Value: $397,646
- 2015 Home Value: $282,242
- 2010 Home Value: $217,201
- % Change (2010–2025): 177.0%
- % Change (2015–2025): 113.1%
- % Change (2020–2025): 51.3%
Sheep Mountain represents one of Nevada’s most impressive financial success stories with property values nearly tripling since 2010 for a staggering 177% return on investment. The neighborhood has maintained consistent appreciation velocity across multiple timeframes, including an accelerated 51.3% growth in the post-pandemic market. Situated within Las Vegas’ northwestern expansion zone in Clark County, this area combines desert vistas with proximity to amenities, driving its sustained premium valuation.
20. Anthem
- 2025 Home Value: $603,405
- 2020 Home Value: $420,887
- 2015 Home Value: $330,022
- 2010 Home Value: $263,068
- % Change (2010–2025): 129.4%
- % Change (2015–2025): 82.8%
- % Change (2020–2025): 43.4%
Anthem’s investment profile shows remarkable consistency with 129.4% appreciation since 2010 and accelerating returns of 43.4% in just the past five years. The neighborhood entered the luxury threshold earlier than many peers, starting from a higher baseline in 2010, yet has still delivered exceptional growth across all timeframes. Located in Henderson’s southern hills, this established master-planned community combines premium amenities with proximity to Las Vegas, creating sustained value appreciation.
19. Northwest
- 2025 Home Value: $611,435
- 2020 Home Value: $411,324
- 2015 Home Value: $275,007
- 2010 Home Value: $219,298
- % Change (2010–2025): 178.8%
- % Change (2015–2025): 122.3%
- % Change (2020–2025): 48.7%
Northwest Reno exemplifies exceptional wealth creation through real estate, with property values nearly tripling over 15 years for an extraordinary 178.8% return. The acceleration has been particularly pronounced in the past decade, with values more than doubling since 2015. Recent performance remains robust with nearly 49% growth post-pandemic, suggesting continued momentum. This established Washoe County neighborhood offers both stability and appreciation potential as Reno’s economy diversifies beyond gaming.
18. Summerlin North
- 2025 Home Value: $632,941
- 2020 Home Value: $417,835
- 2015 Home Value: $307,863
- 2010 Home Value: $231,148
- % Change (2010–2025): 173.8%
- % Change (2015–2025): 105.6%
- % Change (2020–2025): 51.5%
Summerlin North demonstrates exceptional investment potential with property values nearly tripling since 2010 and exceeding $630,000 in 2025. Recent performance has accelerated significantly with over 51% appreciation in just five years, outpacing many peer neighborhoods. Situated in the northwestern edge of Las Vegas in Clark County, this master-planned community continues to benefit from Howard Hughes Corporation’s strategic development, creating sustained value growth through amenity expansion and careful phasing.
17. Steamboat
- 2025 Home Value: $653,293
- 2020 Home Value: $431,032
- 2015 Home Value: $279,974
- 2010 Home Value: $234,153
- % Change (2010–2025): 179.0%
- % Change (2015–2025): 133.3%
- % Change (2020–2025): 51.6%
Steamboat’s financial metrics reveal exceptional long-term wealth creation with the second-highest 15-year appreciation rate among all Nevada neighborhoods at 179%. The investment velocity has accelerated dramatically in recent years with 133.3% growth since 2015 and 51.6% since 2020. Located south of Reno in Washoe County, this neighborhood combines rural character with proximity to urban amenities, creating a premium value proposition that continues to attract high-net-worth buyers.
16. West 4th Street
- 2025 Home Value: $685,733
- 2020 Home Value: $486,197
- 2015 Home Value: N/A
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): N/A
- % Change (2020–2025): 41.0%
West 4th Street represents an emerging luxury submarket with current values approaching $686,000 and five-year appreciation of 41%. The lack of earlier data points suggests this area has undergone significant repositioning, evolving from moderate valuations to premium status in recent years. Located in northwest Reno within Washoe County, this neighborhood benefits from both urban amenities and mountain access, creating value through lifestyle offerings rather than just housing stock.
15. Lake Las Vegas
- 2025 Home Value: $706,231
- 2020 Home Value: $475,188
- 2015 Home Value: $358,611
- 2010 Home Value: $345,470
- % Change (2010–2025): 104.4%
- % Change (2015–2025): 96.9%
- % Change (2020–2025): 48.6%
Lake Las Vegas showcases a fascinating financial recovery story, with property values dropping significantly after 2008 before rebounding to double their 2010 levels today. The investment acceleration has been most pronounced in recent years with values nearly doubling since 2015 and growing 48.6% post-pandemic. This master-planned resort community in Henderson offers a unique water-centric lifestyle in the desert, creating premium value through scarcity and amenities despite earlier market challenges.
14. Summerlin South
- 2025 Home Value: $709,514
- 2020 Home Value: $466,417
- 2015 Home Value: $359,751
- 2010 Home Value: $293,350
- % Change (2010–2025): 141.9%
- % Change (2015–2025): 97.2%
- % Change (2020–2025): 52.1%
Summerlin South has transformed into a premier wealth-building vehicle with property values increasing 141.9% since 2010 and breaking the $700,000 threshold by 2025. The investment performance shows consistent acceleration with values nearly doubling in the past decade and growing 52.1% in just five years. This southwest Las Vegas community in Clark County represents the culmination of Howard Hughes Corporation’s multi-decade master planning, with premium amenities and careful development phasing driving sustained appreciation.
13. Blue Diamond
- 2025 Home Value: $722,890
- 2020 Home Value: $470,499
- 2015 Home Value: $303,948
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): 137.8%
- % Change (2020–2025): 53.6%
Blue Diamond’s meteoric rise in property values showcases exceptional investment returns, with prices more than doubling in just ten years for a 137.8% appreciation. The acceleration has continued post-pandemic with 53.6% growth since 2020, among the highest short-term gains in Nevada. Located west of Las Vegas adjacent to Red Rock Canyon, this historic mining community offers a unique combination of rural character, natural beauty, and proximity to urban amenities that commands increasing premium pricing.
12. Meadowood
- 2025 Home Value: $728,162
- 2020 Home Value: $507,584
- 2015 Home Value: $227,039
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): 220.7%
- % Change (2020–2025): 43.5%
Meadowood demonstrates extraordinary financial transformation with the highest appreciation rate among all Nevada neighborhoods—an astonishing 220.7% over just ten years. Property values have more than tripled during this period, evolving from middle-market pricing to true luxury status. Recent growth continues to impress at 43.5% since 2020. Centrally located in Reno’s southwestern quadrant, this neighborhood blends established character with proximity to both downtown and the University of Nevada, driving its exceptional value appreciation.
11. Old Southwest
- 2025 Home Value: $730,334
- 2020 Home Value: $545,681
- 2015 Home Value: $365,390
- 2010 Home Value: $270,480
- % Change (2010–2025): 170.0%
- % Change (2015–2025): 99.9%
- % Change (2020–2025): 33.8%
Old Southwest’s investment metrics reveal significant wealth creation with property values increasing 170% since 2010 and effectively doubling over the past decade. While its recent five-year growth of 33.8% reflects slightly slower acceleration than some peers, the neighborhood maintains its premium positioning above $730,000. This historic district near downtown Reno combines architectural character with walkability to urban amenities, creating sustained value through irreplaceable attributes rather than solely relying on market momentum.
10. Damonte Ranch
- 2025 Home Value: $733,415
- 2020 Home Value: $506,874
- 2015 Home Value: $342,710
- 2010 Home Value: $265,554
- % Change (2010–2025): 176.2%
- % Change (2015–2025): 114.0%
- % Change (2020–2025): 44.7%
Damonte Ranch exemplifies exceptional long-term wealth building with property values nearly tripling since 2010 for a remarkable 176.2% return on investment. The appreciation velocity has remained consistently strong across all timeframes with values doubling since 2015 and growing 44.7% in just five years. Located in southeast Reno within Washoe County, this master-planned community combines modern housing stock with premium amenities and mountain views, creating sustained value through lifestyle offerings rather than just housing units.
9. Mogul
- 2025 Home Value: $738,112
- 2020 Home Value: $480,981
- 2015 Home Value: $317,157
- 2010 Home Value: $261,476
- % Change (2010–2025): 182.3%
- % Change (2015–2025): 132.7%
- % Change (2020–2025): 53.5%
Mogul’s financial performance has been nothing short of extraordinary, with property values nearly tripling since 2010 for a market-leading 182.3% appreciation rate. The investment momentum has accelerated in recent years with values increasing 132.7% since 2015 and 53.5% post-pandemic. Located west of Reno at the base of the Sierra Nevada mountains, this semi-rural neighborhood combines larger lot sizes with natural beauty and convenient access to both outdoor recreation and urban amenities.
8. Lakeridge
- 2025 Home Value: $746,600
- 2020 Home Value: $509,814
- 2015 Home Value: $363,809
- 2010 Home Value: $293,090
- % Change (2010–2025): 154.7%
- % Change (2015–2025): 105.2%
- % Change (2020–2025): 46.4%
Lakeridge demonstrates exceptional investment stability with property values increasing 154.7% since 2010 and breaking the $746,000 threshold by 2025. The appreciation trajectory shows remarkable consistency with values doubling over ten years and growing 46.4% since 2020. This established southwest Reno neighborhood in Washoe County centers around the private Lakeridge Golf Course, creating premium value through both amenities and views while benefiting from proximity to both downtown and Tahoe-Reno Industrial Center.
7. Somersett
- 2025 Home Value: $763,031
- 2020 Home Value: $549,121
- 2015 Home Value: $387,185
- 2010 Home Value: $302,644
- % Change (2010–2025): 152.1%
- % Change (2015–2025): 97.1%
- % Change (2020–2025): 39.0%
Somersett’s financial trajectory reveals significant wealth generation with property values more than doubling since 2010 and now commanding over $763,000. The investment profile shows slight moderation in recent years with 39% growth since 2020, somewhat lower than peer neighborhoods. Located in northwest Reno within Washoe County, this master-planned golf community offers dramatic topography and mountain views, creating value through lifestyle amenities and architectural controls that maintain neighborhood quality.
6. Southwest
- 2025 Home Value: $811,021
- 2020 Home Value: $564,161
- 2015 Home Value: $379,316
- 2010 Home Value: $325,171
- % Change (2010–2025): 149.4%
- % Change (2015–2025): 113.8%
- % Change (2020–2025): 43.8%
Southwest Reno’s investment metrics reveal considerable wealth creation with property values increasing nearly 150% since 2010 and breaking the $800,000 threshold by 2025. The appreciation velocity has remained consistently strong with values more than doubling over the past decade and growing 43.8% since 2020. Located south of downtown Reno in Washoe County, this mature neighborhood combines established character with proximity to both the university and mountain recreation, creating sustained value through both lifestyle and location.
5. West Huffaker
- 2025 Home Value: $857,686
- 2020 Home Value: $532,787
- 2015 Home Value: $382,122
- 2010 Home Value: $297,760
- % Change (2010–2025): 188.0%
- % Change (2015–2025): 124.5%
- % Change (2020–2025): 61.0%
West Huffaker stands out with the third-highest long-term appreciation rate in Nevada at 188% since 2010, transforming the area from modest suburbia to true luxury territory. Recent financial performance has been particularly remarkable with the highest five-year growth rate among all neighborhoods at 61%. Situated in south Reno within Washoe County, this area combines newer luxury construction with established properties and mountain views, creating exceptional value through both housing quality and natural amenities.
4. Caughlin Ranch
- 2025 Home Value: $950,627
- 2020 Home Value: $641,122
- 2015 Home Value: $471,089
- 2010 Home Value: $429,620
- % Change (2010–2025): 121.3%
- % Change (2015–2025): 101.8%
- % Change (2020–2025): 48.3%
Caughlin Ranch’s investment story involves both substantial appreciation and high baseline values, with property prices more than doubling since 2010 to now approach the million-dollar threshold. While its 121.3% long-term growth rate is somewhat lower than newer communities, this reflects its established premium position in 2010. Located in southwest Reno along the Sierra Nevada foothills, this master-planned community pioneered luxury living in Northern Nevada through thoughtful design, extensive trail systems, and natural preservation.
3. South Reno
- 2025 Home Value: $985,725
- 2020 Home Value: $646,462
- 2015 Home Value: $439,999
- 2010 Home Value: $348,275
- % Change (2010–2025): 183.0%
- % Change (2015–2025): 124.0%
- % Change (2020–2025): 52.5%
South Reno exemplifies extraordinary wealth creation through real estate with property values nearly tripling since 2010 for an impressive 183% return on investment. This area has consistently maintained strong appreciation velocity across all timeframes, with values more than doubling in the past decade and growing 52.5% post-pandemic. Located south of the Reno urban core in Washoe County, this expansive area includes several premium subdivisions with mountain views, newer construction, and easy access to both recreation and commercial amenities.
2. Queensridge
- 2025 Home Value: $998,788
- 2020 Home Value: $664,165
- 2015 Home Value: $555,474
- 2010 Home Value: $465,441
- % Change (2010–2025): 114.6%
- % Change (2015–2025): 79.8%
- % Change (2020–2025): 50.4%
Queensridge has maintained its position as Las Vegas’ premier luxury enclave with property values doubling since 2010 and now reaching the million-dollar threshold. Despite starting from Nevada’s highest baseline in 2010, the neighborhood has still delivered impressive returns, with 50.4% growth in just five years. Located in the western part of Las Vegas in Clark County, this exclusive gated community adjacent to the private Badlands Golf Club features European-influenced architecture, expansive lots, and proximity to high-end shopping at Tivoli Village.
1. Galena
- 2025 Home Value: $1,156,208
- 2020 Home Value: $741,942
- 2015 Home Value: $512,725
- 2010 Home Value: $438,538
- % Change (2010–2025): 163.7%
- % Change (2015–2025): 125.5%
- % Change (2020–2025): 55.8%
Galena stands as Nevada’s most valuable neighborhood with property values exceeding $1.15 million and delivering exceptional investment returns of 163.7% since 2010. The financial trajectory shows consistent acceleration with values more than doubling in the past decade and growing 55.8% in just five years. Located south of Reno in Washoe County at the base of Mt. Rose, this luxury enclave combines large custom homes on expansive lots with stunning Sierra Nevada views and proximity to both Lake Tahoe recreation and Reno amenities.
