How’s the Las Vegas SFR market?

How’s the Las Vegas SFR market?

Member since 2021 · 8 posts · 3 votes

I'm interested in purchasing a Las Vegas SFR. How are local experts feeling about the market there right now? I'm going to be in town this month and would love any recommendations on where to look around. Thanks.

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Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
5y

It’s pretty insane, has been for almost a year. Skyrocketing prices and rents with almost no inventory or vacancies. A tough time to get started. But I woulda said that last year too. :-)

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  • Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    5y

    It’s pretty insane, has been for almost a year. Skyrocketing prices and rents with almost no inventory or vacancies. A tough time to get started. But I woulda said that last year too. :-)

  • Property Manager · Las Vegas, NV · Member since 2017 · 108 posts · 149 votes
    5y

    Active but with subpar applicants. 22 apps on my most recent rental which was listed for $1,795 in zip code 89183. I use a scoring card to approve and process applications. Most of the 22 apps didn't qualify to rent the property. The rental market is active but not with the highest caliber applicants.

  • Real Estate Agent · Henderson, NV · Member since 2011 · 1k+ posts · 550 votes
    5y

    Rents have been going up quite a bit, so that helps make it easier to swallow the higher sale prices.

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