LAS VEGAS, NV – According to one of the top luxury real estate agents in the Las Vegas Valley, the number of homes owned by millionaire residents in Southern Nevada in 2025 has increased by a factor of three since 2019, illustrating the growing appeal of the region to affluent members of society.

IS Luxury real estate brokerage founder Ivan Sher noted that Las Vegas has become a very attractive place to live for the wealthy, with prices associated with high-end home sales in the valley increasing over the years as more rich individuals purchase properties here.

The luxury real estate market in the valley has evolved dramatically over the past decade. Ten years ago, the top of the market was $10 to $15 million,” he said. “Today, sales regularly exceed $30 million. What used to be considered luxury at $1 million is now closer to $3 to $3.5 million. This shift reflects more than just pricing; it shows that Las Vegas itself is maturing.”

The city has become a magnet for high-net-worth individuals seeking more space, a better quality of life, and the energy of a market that is constantly innovating,” Sher continued. “Since 2019, the number of millionaire households has tripled, and that momentum is evident in the type of buyers moving here, from tech entrepreneurs and finance executives to professional athletes and CEOs.”

Sher pointed out that the pandemic changed the luxury home dynamic in Vegas, saying that the number of affluent, out-of-state transplants – many hailing from the neighboring state of California – jumped dramatically after 2020.

Before COVID, roughly half of my buyers were local, about 30 percent came from California, and the rest from other areas,” he said. “After 2020, there was a noticeable shift. California buyers made up around 75 percent of my clientele. The pandemic was a tipping point, showing people that they no longer needed to live where they worked, thanks to Zoom and remote work, which created a strong migration to Las Vegas.”

Aside from the exciting entertainment options afforded by Vegas, the plethora of professional sports teams relocating to the city, and Nevada’s lack of state income tax, the overall quality of life offered by Southern Nevada is proving to be an exceptional draw to the wealthy.

Many are seeking a place with less polarization, a more manageable pace of life, good food, great weather, and convenient access through the airport,” he said. “People come for these reasons and often stay because Las Vegas delivers a quality of life they cannot find elsewhere.”

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – While they have dropped slightly in recent months, interest rates on mortgages still remain at historically high levels; however, as the Federal Government’s current shutdown drags on – fueled by the impasse between Republicans and Democrats on a new spending bill – experts have speculated its potential impact on home borrowing costs.

To save you the time, in summary, most economists and mortgage strategists cited in the Investopedia article expect little change in rates during the shutdown itself. Once the shutdown ends and data flow resumes, they anticipate a slight easing of rates (i.e. a downward move).

But speculation is just that – essentially a glorified theory – as the shutdown makes it more difficult to gauge the current status of the economy and, therefore, ascertain the direction mortgage rates may end up going in.

Yields on 10-year Treasury notes are what most heavily influences mortgage rates, and lenders base the pricing of their mortgage-backed securities (MBS) on the returns offered by competing government bonds, often bundling mortgages together to sell to investors. During a government shutdown, 10-year treasury notes are normally very coveted, resulting in more affordable lending rates due to notes’ rising prices and falling yields.

In addition, the hundreds of thousands of federal employees who are typically furloughed and not getting paid during a shutdown, and the delayed issuing of FHA, USDA, and VA loans – which are government-funded – in addition to federally-financed flood insurance could also cause rates to lower.

But shutdowns are unpredictable in terms of how they may impact mortgages, so there’s also the possibility that rates could swell once again, driven by factors such as credit and fiscal worries and economic uncertainty. Shuttered government agencies are also unable to release labor market and inflation reports, which have a large impact on investors, loan rates, and the overall economy.

One thing is for sure, according to Realtor.com senior economist Jiayi Xu- the longer the shutdown continues, the greater the economy – and lending costs – will be influenced, for better or for worse.

The longer the shutdown drags on, the greater its potential influence on markets and monetary policy decisions will be,” he said.

Shelter Realty Property Management specializes in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – In a recent interview, Las Vegas Realtors (LVR) President George Kypreos commented on the current conditions of the housing market in Southern Nevada, noting that it was in the process of “going through a reset” and offering advice to both home buyers and sellers on how to best take advantage of the coming changes.

Kypreos first spoke about the existing state of the real estate market in the Las Vegas Valley, and the various circumstances influencing it.

Right now, the Las Vegas housing market is going through a bit of a reset,” he said. “After the rapid post-pandemic growth, we’re seeing more inventory on the market than usual. This shift is helping to bring more balance between buyers and sellers, creating a healthier and more stable real estate environment.”

While high interest rates on home mortgages have put many buyers on the fence as of late, Kypreos stated that Vegas still holds many advantages over the rest of the country when it comes to purchasing a house.

Demand remains strong, particularly for buyers who can qualify in today’s lending conditions. While interest rates have affected affordability, opportunities still exist for those who are financially prepared,” he said. “Our median home price sits around $480,000. That might seem high at first, but it’s still significantly more affordable than what buyers are seeing in nearby markets like California and Arizona. With continued job growth, lifestyle appeal, and Nevada’s tax advantages, Las Vegas remains a top destination for real estate investment and relocation.”

The LVR president also offered advice for both buyers and sellers on how to best navigate the shifting and evolving real estate market in the coming months.

For buyers: preparation is everything. Get pre-approved, understand your budget, and work with a real estate agent who knows how to navigate the Las Vegas housing market. There’s less competition now than in recent years, which means more room to negotiate and more chances to find the right property,” Kypreos said. “For sellers: make your home stand out. Homes that are clean, staged, and priced properly still sell quickly. Today’s buyers are informed and expect value. Don’t wait for a perfect market because the perfect time is when you’re ready and you have a clear plan in place.”

And finally, Kypreos touched upon what he would like to see improve in the residential market in Vegas in the years to come.

I’d love to see more initiatives that support affordable housing for first-time homebuyers and longtime residents,” he said. “Las Vegas is growing fast, and it’s important that we continue to create opportunities for families and individuals looking to plant long-term roots here.”

Shelter Realty Property Management specializes in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – According to a new Realtor.com report, with the high costs associated with purchasing a home leaving that option out of reach for many, the rental market is becoming a more attractive alternative in terms of affordability. Prices have been going down in that particular market, with 0–2 bedroom properties showing consistent year-over-year rent reductions for the past 25 months.

This especially holds true in major metropolitan areas, where the cost-of-living can often be significant; as per the Realtor.com report, the median rent in the nation’s 50 largest metros as of August 2025 was $1,713, which represents a 2.6 percent decrease – about $46 – from the all-time record high that was achieved back in August 2022.

The top three metros that have seen the biggest rent decreases since their respective peaks are Las Vegas, Nevada, with a 13.6 percent drop; Atlanta, Georgia, which ties Vegas at 13.6 percent; and Austin, Texas, where rents are down 13.4 percent.

Experts say this represents significant rental opportunities in those three markets for those who are not currently looking to buy a home, according to Realtor.com economist Jiayi Xu.

Las Vegas, Austin, and Atlanta saw the largest rent declines from their peaks due to rapid rent growth during the [COVID-19] pandemic, when many people moved to warm Sun Belt areas, creating a high starting point for corrections,” he said.

Las Vegas’ August median rent was $1,443, which is much lower than its record high of $1,671 originally reached in June 2022.

Robert Little, real estate associate at Re/Max Advantage in Henderson, NV, said that Las Vegas remains a rock-solid market for renters due to numerous factors, including an affordable cost-of-living and a great job market that is responsible for an influx of new residents to the region.

The rental market here has remained strong for as long as I can remember, and I’ve been licensed since 2007,” he said. “I believe this stability is tied to Clark County’s continued growth. Over the past year alone, the county added a net increase of about 50,000 residents, which is up 2.1 percent from the year before.”

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Renting in Las Vegas in 2025 offers both opportunities and challenges for tenants, young professionals, and newcomers to the city. Known for its vibrant lifestyle, favorable tax environment, and growing job market, Las Vegas continues to attract residents from across the country. However, as with any growing metropolitan area, the rental market is shaped by evolving trends in pricing, availability, and regulations. Understanding these dynamics is essential for anyone considering a move to the Vegas Valley or renewing their lease this year.

This guide will help you navigate the rental landscape in Las Vegas by exploring current market trends, average rent prices, renter rights, short-term rental laws, and affordability factors. Whether you are searching for your first apartment, relocating for work, or simply interested in the state of the market, the insights here will give you a clear picture of what to expect. For even more localized information and tenant resources, you can visit our Las Vegas Renter Information page.

The Rental Market Landscape in 2025

Las Vegas has long been considered one of the more affordable major cities in the western United States, but recent years have seen steady increases in rental rates due to population growth (Much from neighboring California), housing demand, and economic expansion. While developers have introduced new apartment complexes and mixed-use communities, the influx of residents has kept occupancy high.

Many neighborhoods are experiencing revitalization, and areas such as Downtown Las Vegas, Summerlin, and Henderson have seen significant upgrades to infrastructure and amenities. This growth has been beneficial for renters seeking modern housing options, but it has also pushed average rent prices upward. The key to securing a good deal in 2025 is to act quickly when a desirable property becomes available and to understand which neighborhoods match your budget and lifestyle needs.

Average Rent Prices in Las Vegas for 2025

The average rent in Las Vegas in 2025 varies based on location, property type, and amenities. Downtown and the Arts District tend to command higher rents due to proximity to entertainment, nightlife, and cultural attractions. Summerlin and Henderson offer more suburban lifestyles with larger properties and higher price points, while North Las Vegas remains one of the more affordable options for larger units.

For studio and one-bedroom apartments, rents remain competitive compared to other major cities in the region, but they have risen compared to pre-2020 averages. Two-and three-bedroom rentals are in particularly high demand among families and roommate households, which means that properties in good condition with modern features often get leased within days of listing. Renters looking for the best value in 2025 may want to consider emerging areas such as the southwest valley, where development is ongoing but prices have not yet reached their peak.

The affordability of a rental property should be evaluated in the context of utilities, parking fees, and any additional community charges. This holistic approach ensures that you understand the full monthly cost of living in your chosen property.

Renter Rights and Protections

Renting in Las Vegas comes with specific rights and protections under Nevada state law. Tenants are entitled to safe and habitable living conditions, proper notice before rent increases or lease terminations, and the return of their security deposit within the required timeframe after moving out, provided the unit is left in good condition. Landlords must follow legal procedures when entering a rental unit, addressing repairs, or initiating eviction proceedings.

In 2025, awareness of these rights is more important than ever, especially given the competitive nature of the market. Tenants should review their lease agreements thoroughly before signing and be prepared to ask questions about maintenance responsibilities, late fee policies, and renewal terms.

Short-Term Rental Laws in Las Vegas

Short-term rentals, such as those listed on Airbnb or Vrbo, remain a popular option for property owners and travelers alike, but they are subject to specific regulations in Las Vegas. Clark County, the City of Las Vegas, and the City of Henderson each have their own distinct rules governing permits, occupancy limits, and zoning restrictions. In many cases, operating a short-term rental without the proper licensing can result in significant fines; one case in the City of Las Vegas reached $180k.

For renters, it is important to understand whether a property is legally permitted for short-term stays, especially if you are subletting or considering a flexible lease that allows temporary hosting. Regulations have been updated in recent years to balance the needs of residents, property owners, and the tourism industry, so staying informed about these laws is essential. Shelter Realty provides guidance for those navigating both long-term and short-term rental agreements in compliance with local laws.

Affordability Considerations for Renters

Affordability in Las Vegas is relative. While rents are lower than in cities like Los Angeles or San Francisco, they have increased enough in recent years to challenge some budgets. Renters in 2025 should carefully consider total housing costs, which include rent, utilities, transportation expenses, and lifestyle costs such as dining, entertainment, and recreation.

Choosing the right neighborhood can have a significant impact on affordability. Areas farther from the Strip and the city center tend to offer larger properties for lower rent, but may come with longer commutes. Newer apartment complexes may include desirable amenities like gyms, pools, and security features, but these often come with higher rents and additional fees. For those new to the city or moving within the Valley, scheduling a consultation with a local rental expert through the Shelter Realty Contact Page can help identify the most cost-effective housing options that align with your needs.

Lifestyle Factors to Consider When Renting

Renting in Las Vegas offers a wide range of lifestyle choices, from high-rise living with sweeping views of the Strip to quiet suburban communities with parks and walking trails. Young professionals may gravitate toward Downtown and Midtown, where nightlife and cultural events are abundant. Families often choose areas like Henderson or Summerlin for their excellent schools, safety, and community amenities. Retirees and remote workers may prefer quieter neighborhoods with easy access to golf courses, shopping centers, and healthcare facilities.

Your choice of neighborhood should reflect not just your budget, but also your preferred lifestyle, commute times, and proximity to the amenities you value most. With Las Vegas continuing to expand outward, there are more choices than ever before for renters in 2025.

FAQs

1. What is the average rent in Las Vegas in 2025?
The average rent depends on the neighborhood and property type, but it remains competitive compared to other major western U.S. cities while trending upward from previous years. See Local Rental Market Report: How Much Can Homeowners Expect for Rent? (September)

2. Are there rent control laws in Las Vegas?
Nevada does not have statewide rent control, but landlords must provide proper notice before increasing rent or changing lease terms.

3. How competitive is the rental market in 2025?
The market is competitive, with high demand across all property types, especially in well-located neighborhoods and modern apartment complexes.

4. What should I know about short-term rentals?
Short-term rentals are legal in certain areas but require permits and adherence to local regulations. Always confirm that a property is properly licensed before renting.

5. How can I find the most affordable rental in Las Vegas?
Working with a local expert such as Shelter Realty can help identify neighborhoods and properties that offer the best balance of affordability, amenities, and location.

6. What rights do tenants have in Las Vegas?
Tenants have the right to safe and habitable housing, timely repairs, and proper notice before rent increases or lease terminations.

7. Can I negotiate my rent in 2025?
While possible, rent negotiations are more challenging in a competitive market. Strong references and longer lease commitments can improve your chances.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Southern Nevada continues to be a magnet for real estate investors seeking steady rental income and appreciation. But not all areas are created equal – especially when it comes to ROI. Whether you’re a seasoned investor or just entering the market, identifying neighborhoods with high rental yields and low vacancy rates is key to maximizing your returns.

In this guide, we break down what drives rental ROI in Vegas, which neighborhoods perform best, and how to make data-backed decisions when buying investment property.

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What Drives Rental ROI in Vegas

Rental return on investment (ROI) is the annual rental income a property generates, relative to its purchase price and costs. Several factors influence ROI across the Vegas Valley:

Demand, Price Point, Amenities

• Tenant demand is highest in areas near job centers, schools, and entertainment hubs.
• Affordability plays a major role – mid-range homes in safe neighborhoods often outperform luxury units in ROI.
• Amenities such as gated communities, pools, parks, and proximity to shopping increase both demand and rent potential.

Neighborhoods that strike a balance between home price and monthly rent tend to offer the best returns. In Vegas, that balance often exists outside the Strip, in established suburbs with growing populations.

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Neighborhood Profiles

Summerlin

• Rental ROI: Moderate to High
• Why Invest: Master-planned, family-friendly, strong schools, retail centers, golf courses.
• Tenant Profile: Professionals, families, retirees.
• Watch Out For: Higher property prices mean slightly lower yield unless targeting high-end renters.

Henderson

• Rental ROI: High
• Why Invest: Consistently ranked among best places to live in Nevada, low crime, diverse housing stock.
• Tenant Profile: Dual-income families, executives, relocators.
• Hotspots: Green Valley, Anthem, and Cadence.

North Las Vegas (NLV)

• Rental ROI: Very High
• Why Invest: Lower purchase prices, strong rental demand from blue-collar workforce and families.
• Tenant Profile: Budget-conscious renters, warehouse workers, new families.
• Caution: Focus on newer developments with stable infrastructure.

Paradise

• Rental ROI: Moderate
• Why Invest: Close to UNLV and the Strip; high demand from students and service industry tenants.
• Tenant Profile: Students, young professionals.
• Note: Potential for higher turnover; look for condos with on-site management.

Spring Valley

• Rental ROI: High
• Why Invest: Centrally located, great mix of multifamily and single-family homes.
• Tenant Profile: Diverse—families, singles, roommates.

Bonus: Excellent short-term rental potential if licensed.

Enterprise

• Rental ROI: Growing
• Why Invest: Rapid development, new construction, proximity to Southwest Las Vegas employment hubs.
• Tenant Profile: Young professionals, tech workers.

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Monthly Rent Averages & Vacancy Rates

Here’s a snapshot of rental performance by neighborhood based on current market data:

Neighborhood	Avg. Rent (3BR)	Vacancy Rate
Summerlin	$2,400	4.5%
Henderson	$2,200	3.8%
North Las Vegas	$1,800	3.2%
Paradise	$1,950	5.0%
Spring Valley	$2,100	4.0%
Enterprise	$2,250	4.2%

These numbers can fluctuate seasonally. Investors should also account for property taxes, HOA fees, and maintenance when calculating net ROI.

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Upgrades That Pay Off

Simple property upgrades can boost both rent and tenant retention. These are top return-on-investment improvements:

• Smart Home Features (thermostats, locks): 
• Vinyl Plank Flooring: Durable and desirable; reduces maintenance costs
• Kitchen & Bath Refresh: New appliances or vanities make listings pop online
• Energy Efficiency: LED lighting, insulation—saves tenants money and adds appeal

Properties with these upgrades often rent faster and attract higher-quality tenants.

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Licensing & Management Requirements

In Las Vegas and Clark County, rental licensing and compliance are neighborhood-specific. For example:

• Short-term rentals require permits and zoning approval (especially in Paradise and Spring Valley).
• Henderson & North Las Vegas have property maintenance codes and occupancy restrictions.
• HOAs may restrict rental terms or frequency—read CC&Rs closely.

Working with a local property manager like Shelter Realty ensures all legal requirements are met, avoiding costly violations.

Case Study from Shelter Realty Portfolio

A recent client purchased a 4-bedroom home in Henderson (Green Valley Ranch) for $420,000 in 2023. After a modest $12,000 renovation (floors, paint, appliances), the unit was leased within 9 days for $2,650/month.

• Gross ROI: 7.6%
• Tenant Retention: Renewed at 12 months with $75/month increase
• Management: Full-service via Shelter Realty—tenant screening, rent collection, repairs

Compared to similar DIY-managed properties in the same zip code, this investor earned 22% more net income in the first year.

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Financing & Exit Strategies

Investors should match the neighborhood profile with the right financing and long-term goals:

• Conventional Loans: Best for long-term holds in stable areas like Summerlin or Henderson
• DSCR Loans: Ideal for income-based approvals in North Las Vegas and Spring Valley
• HELOC or 1031 Exchange: Smart move for upgrading or diversifying portfolio within Vegas

Exit strategies include:

• Selling after 5+ years of appreciation
• Refinancing once equity increases
• Converting into furnished short-term rentals in permitted zones

Planning ahead ensures liquidity and scalability.

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Conclusion & Next Steps

The Las Vegas Valley offers rich opportunities for real estate investors seeking strong rental ROI—but neighborhood selection is everything. Whether you’re drawn to Henderson’s stability, North Las Vegas’ affordability, or Spring Valley’s central access, aligning your investment strategy with local market data is key.

Ready to explore investment properties with strong ROI potential?

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Internal Links for More Guidance:

• Investment Property Services in Las Vegas
• Las Vegas Real Estate Market Updates
• Rental Property Marketing Services

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Is Henderson a good place to invest in rental property?

Yes, Henderson has strong appreciation, low vacancy rates, and high tenant quality—making it one of the best long-term investment zones in the Vegas Valley.

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How can I improve rental ROI on my property?

Focus on cost-effective upgrades, proper tenant screening, and professional property management to reduce turnover and maximize income.

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Should I hire a property manager in Las Vegas?

Hiring a local property manager like Shelter Realty improves compliance, reduces vacancy time, and typically increases your net ROI—especially if you’re an out-of-state investor.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – According to a new report released by tech real-estate marketplace company Zillow, rents have skyrocketed in Las Vegas over the course of the last several years, creating affordability concerns among some local residents.  

Rents in Las Vegas have increased approximately 36 percent since 2020, with that jump influenced by numerous factors, including low inventory, increased demand, and inflation.

In fact, in order to comfortably be able to afford rent in Vegas, Zillow notes, a resident would need to be earing more that $72,000 a year, which again is about a 36 percent a jump of necessary income over the last five-year span of time.

Combine this with other rental expenses – such as needing to come up with the first month’s deposit and security – many residents are finding themselves struggling to affordably meet their housing needs.

According to Robin Crawford, Executive Director of Nevada State Apartment Association, the increase in housing costs have been consistently going up in Southern Nevada, with the situation exasperated by the advent of the COVID-19 pandemic, which served to increase housing demand and subsequently drive up prices.

My data sources show a 3 percent increase between last year and this year,” she said. “If you’re looking at a 4-year span, there were dramatic increases mainly during the COVID time.”

In fact, Nevada became one of the most popular states to transplant to throughout the pandemic, and still remains that way to this day. And while rents may have blown up in the last half-decade as a result, Crawford is quick to note that they still remain well below what much of the rent of the country is paying.

Our rents in Las Vegas and also in Reno and all over the state are lower than the national average,” she said. “In Las Vegas, the average rent price is $1,490.”

In contrast, Zillow reports that the national average rent is currently $1,850.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Sales for homes in La Cova, a new guard-gated, master-planned luxury community located in SouthShore Lake Las Vegas, officially commenced this week according to the project’s developer, Tri Pointe Homes Las Vegas.

Tri Pointe Division President Klif Andrews said that La Cova is a waterfront resort-style community whose homes will boast a luxurious European design aesthetic, right in the heart of Nevada.

La Cova introduces a new pinnacle for resort-style living in Las Vegas,” he said. “La Cova is an alluring opportunity for luxury buyers who want every day to feel like a getaway.”

The community’s unique look and feel was in-part designed by Woodley Architectural Group, with La Cova being comprised of 42 residences spread out amongst three enclaves on adjacent peninsulas. 38 homes are located along the shore of Lake Las Vegas, and the remaining four near the community’s edge, adjacent to the SouthShore Country Club golf course.

La Cova is going to be unlike any other place,” Andrews said. “The way we connect homes to the water, it’s like having your own private luxury resort. It gives buyers a rare opportunity to purchase something incredibly unique for our market.”

The homes on-offer in La Cova will offer six different styles to buyers and range in size from 2,800 square-feet to over 4,200 square-feet, with prices ranging between $2 million and $4 million. Designs blend modern-style Tuscan and Mediterranean influences and feature large windows for maximum visibility and backyards with lush, resort-style courtyards.

In addition, there are numerous high-end amenities available for these homes, such as detached casitas, workout rooms, executive offices, club rooms and upper-level balconies. Also, boating, paddle boarding, and many other sport and recreation options are available via the development’s waterfront location.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Z Life Company, an eco-friendly residential developer that touts themselves as pioneers in sustainable, luxury real estate “focused on innovated structural design and contemporary experience,” broke ground on a new project in Las Vegas’ Arts District this past Friday.

“Midtown Plaza” will be a mixed-use facility comprised of six towers offering condominiums, hotel rooms, apartments, and retail options, located near the intersection of Coolidge Avenue and First Street.

According to Z Life Company Chief Operating Officer Anna Olin, her company has invested a significant sum into the city of Las Vegas, including $300 million for the Midtown Plaza project alone.

Olin noted that while the relatively quiet part of the Arts District located south of Charleston Boulevard has seen a surge in development and an influx of new businesses and foot traffic in recent years – restaurants, coffee shops, and numerous retail stores – the area of the district north of Charleston has not seen the same level of resurgence, having remained “unused for a number of years.”

Z Life Company’s decision to build Midtown north of Charleston reflects the company’s desire to help it rise to the same level of prominence as the rest of the Arts District, Olin said.

Midtown is slated to have 87 residential units – comprised of studio, one-bedroom, two-bedroom and penthouse options – with prices starting at a base level of $299,000, and accompanied by numerous high-end amenities such as energy-efficient appliances, all-electric interiors and access to a shared series of Tesla electric vehicles (EVs).

Midtown will be located at 921 South Main Street, and will be managed by Berkshire Hathaway HomeServices Nevada Properties, with retail sales represented by the Martinez Group.

“Midtown is unlike anything Las Vegas has seen before,” Matthew Martinez of the Martinez Group said. “We’re bringing together everything that makes downtown living exciting – walkable spaces, local businesses and modern design – all while keeping it accessible.”

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – For all the dismal negatives of the COVID-19 pandemic, there was at least one positive: it set the residential real estate market throughout the United States on fire as people took advantage of low interest rates and the ability to work remotely to finally buy the houses of their dreams.

And that momentum is still being felt to this very day, albeit on a slightly diminished level due to rising inflation, a call by some companies to return to the office following the end of the pandemic, and interest rates on home mortgages currently hovering around seven percent.

But despite all of that, prices on homes in most regions of the country are still climbing due to the age-old laws of supply and demand, and Southern Nevada is no exception.

A new report by Stacker – utilizing data pulled from Zillow – reveals the 10 cities the Las Vegas-Henderson-Paradise Metro area where home prices are growing the fastest, with current values being contrasted with how much they have risen both year-over-year and from January 2018, which represents a five-year span of time.

#1. Moapa

• Current typical home value: $395,744
• Year-over-year increase: +$34,014 (up 9.4 percent)
• Five Year Increase: +$117,277 (up 42.1 percent)

#2. Logandale

• Current typical home value: $502,061
• Year-over-year increase: +$29,507 (up 6.2 percent)
• Five Year Increase: +$162,298 (up 47.8 percent)

#3. Boulder City

• Current typical home value: $466,398
• Year-over-year increase: +$21,980 (up 4.9 percent)
• Five Year Increase: +$139,551 (up 47.8 percent)

#4. Henderson

• Current typical home value: $493,510
• Year-over-year increase: +$21,228 (up 4.5 percent)
• Five Year Increase: +$151,154 (up 44.2 percent)

#5. Jean

• Current typical home value: $279,687
• Year-over-year increase: +$19,393 (up 7.5 percent)
• Five Year Increase: +$74,819 (up 36.5 percent)

#6. Las Vegas

• Current typical home value: $431,505
• Year-over-year increase: +$18,665 (up 4.5 percent)
• Five Year Increase: +$140,027 (up 48.0 percent)

#7. Bunkerville

• Current typical home value: $372,305
• Year-over-year increase: +$17,883 (up 5.0 percent)
• Five Year Increase: +$116,560 (up 45.6 percent)

#8. Searchlight, NV

• Current typical home value: $244,317
• Year-over-year increase: +$16,172 (up 7.1 percent)
• Five Year Increase: +$96,572 (data not available)

#9. Overton, NV

• Current typical home value: $337,958
• Year-over-year increase: +$15,830 (up 4.9 percent)
• Five Year Increase: +$96,572 (up 4.9 percent)

#10. North Las Vegas

• Current typical home value: $411,389
• Year-over-year increase: +$15,050 (up 3.8 percent)
• Five Year Increase: +$132,089 (up 47.3 percent)

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – While housing in the United States may not be a buyer’s market, the overall burdensome economy – combined with sky-high home prices and mortgage interest rates still hovering at just over seven percent – have resulted in a growing number of sellers finding themselves forced into giving concessions to buyers in order to get bites on their listings.

According to a new report by Redfin, the current number of sellers that are offering some sort of concession to potential property buyers is 44 percent, which represents a whopping year-over-year increase of 39 percent. This signifies that the leverage sellers held on buyers in recent years is obviously starting to decrease, as market conditions are encouraging many who are looking to buy a home to wait things out in hopes that things improve.

One example of concessions being offered by sellers, as per the Redfin report, include a homeowner who had been attempting to sell a residence that required several costly repairs, including a new roof and a new boiler; the grand total for these repairs would have run any buyer an estimated $100,000 extra on top of the cost of the home itself.

However, this seller experienced multiple potential buyers in a row refusing move forward with the deal when faced with the extensive repairs, forcing the seller to carry them out himself before anyone would proceed.

During the height of the COVID-19 pandemic, when interest rates were much lower, this situation would almost certainly not been the case, but current high interest rates and ballooning inflation are causing buyers to become far pickier regarding how and when they spend their money, said Las Vegas Realtors President George Kypreos.

Most of the buyers are asking for something and they’re getting it,” he said, with Redfin noting that other concessions can include credit towards repairs or credit towards buying down their interest rate. The number of negotiations is going up, and while it’s not considered a buyer’s market yet, the scales are certainly tipping more in that direction than they have in several years.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Formerly a quiet neighborhood free of the hustle and bustle of the Las Vegas Strip, the city’s Arts District is now seeing an uptick in foot traffic and activity as two new apartment complexes are currently under construction, with both slated to open next year.

A 337-unit apartment building is currently in the works, courtesy of developer Southern Land Company of Nashville, Tennessee. Located at the intersection of California Avenue and Third Street, the currently-unnamed project will be comprised of three seven-story buildings upon completion, and will offer a two-story fitness center and rooftop deck, in addition to ground-floor commercial and retail space.

According to Alex Woodin, Southern Land Company’s Development Manager, the complex is scheduled to open its doors for business early in 2026.

The second apartment building project that is currently under construction in the Arts District is situated at the corner of Commerce Street and Imperial Avenue, and upon completion will offer 311 apartment units and ground-floor commercial space, as well as tenant amenities such as a large fitness center and resort-style spa facilities that will include saunas.

According to co-developers Cedar Street Companies out of Chicago, Illinois and Bridge Investment Group of Salt Lake City, Utah, the project – which is also currently unnamed – is anticipated to open in the middle of next year.

For a number of years, the Arts District was one of the quieter areas of Las Vegas, with numerous vacant storefronts, empty plots of land, and a general lack of foot traffic; however, recently the neighborhood has seen an influx of businesses – including restaurants, coffee shops, and retail shops – that have attracted more and more people.

And with the Arts District’s growing popularity have come higher rents, not to mention the need for more housing options, which these two in-development projects should help to address.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.