Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Las Vegas: Las Vegas Country Club

Las Vegas NV Area Rental Home Market Report May 2011 (includes Henderson & North Las Vegas)

Las Vegas Homes for Rent

Las Vegas Homes for Rent

Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here.  This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting.  More homes available for rent (higher supply) and less renters (lower demand.) 

Units Leased:

  • May 2011:  2376
  • April 2011:  2342
  • March 2011:  2307
  • February 2011:  2253
  • January 2011:  2002
  • December 2010:  1889
  • November 2010:  1887
  • October 2010:  2119
  • September 2010:  2171
  • August 2010:  2300
  • July 2010:  2106
  • June 2010:  2214
  • May 2010:  2049

 Average Monthly Rental Rates:

  • May 2011:  $1257
  • April 2011:  $1207 
  • March 2011:  $1497
  • February 2011:  $1501
  • January 2011:  $1449
  • December 2010:  $1563
  • November 2010:  $1184
  • October 2010:  $1308
  • September 2010:  $1484
  • August 2010:  $1459
  • July 2010:  $1425
  • June 2010:  $1410
  • May 2010:  $1254

Median Monthly Rental Rates:

  • May 2011:  $1150
  • April 2011:  $1100
  • March 2011:  $1100
  • February 2011:  $1100
  • January 2011:  $1100
  • December 2010:  $1100
  • November 2010:  $1100
  • October 2010:  $1150
  • September 2010:  $1100
  • August 2010:  $1150
  • July 2010:  $1100
  • June 2010:  $1100
  • May 2010:  $1150
  • April 2010:  $1100

Las Vegas Area remains a Landlord's Market in the Rental Sector for the Las Vegas Valley. 

How to check to see if the home you are renting is in default

Last Month's Las Vegas Area Rental Home Report

How to Rent a Home in Las Vegas - Fill Out the Form on this page to rent or ask for property management services.

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Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Comment balloon 4 commentsRenée Burrows • July 10 2011 06:07PM
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