Southern Nevada one of the most undervalued housing markets

Let's go right to the point. In the 10 Most Undervalued cities Las Vegas came in third, according to IHS Global Insight. The firm put this special report together by analyzing household incomes, historical prices and housing densities and then arrived at statistically normal home prices which were subsequently weighed against actual values of a given city. The difference then either placed the area in the overvalued or undervalued category.

In this particular study, Las Vegas median home price was discovered to be $140,000, meaning that it is 40.9% undervalued. That is a high number.

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