Category Archive : Area Living

LAS VEGAS, NV – The latest rental market snapshot shows continued softening in early October 2025. Zillow now reports the average rent (all bedrooms, all property types) across Las Vegas at $1,950 per month, a $37 month-over-month dip and $50 lower year-over-year (last updated Oct 4, 2025).
In contrast, Zumper lists the citywide median rent (all unit types) at $1,809 for October 2025.

Breaking It Down: House vs. Apartment Costs

For homeowners weighing the rental potential of a detached single-family home, Zumper’s property-type split shows houses average about $2,195/month in Las Vegas, while apartments average about $1,299/month (page updated for October).

Summary of data sources used in this section:
• Overall market average (all types): Zillow – $1,950 (Oct 4, 2025).
• Median/Property-type splits: Zumper – Median $1,809; Houses ~$2,195; Apartments ~$1,299 (Oct 2025).

By Bedroom (Latest Available)

Adding more detail, Rentometer’s latest figures show average rents by bedroom count:
• 2-bedroom houses: $1,778
• 3-bedroom houses: $2,268
• 4-bedroom houses: $2,764

(Source: Rentometer – Las Vegas, NV)

What This Means for Homeowners

(Based on Data Provided)

Insights & Action Steps

• Lean into the detached premium: If you’re listing a standalone home, emphasize space, privacy, and family-friendly features to justify house-level pricing (~$2,195).
• Price by size & finish, not just averages: Use the 1- and 2-bed medians as a floor; upgrade quality and amenities can push results above city medians.
• Compete smart in a cooling market: With Zillow’s average sliding to $1,950, invest in professional photos, quick response times, and minor refreshes (paint, fixtures) to reduce days-to-lease.

Las Vegas remains a distinct rental market shaped by population flow, seasonality, and steady new supply. Averages are a starting point- your property’s true rental value depends on neighborhood, condition, amenities, and timing. A free local rental analysis can pin down a precise asking price that attracts quality tenants while maximizing monthly income.

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.

Joe Mcdermott

Joe Mcdermott is a journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Mcdermott helps keep a keen-eye on what’s happening in the Las Vegas Nevada community on behalf of Shelter Realty Inc.

LAS VEGAS, NV – Illustrating how rising prices in the United States are impacting the average family, a new study by the University of Nevada, Las Vegas’ Lied Center for Real Estate notes that homebuyers in Las Vegas need to be earning an annual salary of at least $119,000 in order to afford a home in the region’s current median price range, which is in the neighborhood of $400,000.

We compare the cost of single-family housing with wage data across 627 occupations to assess Southern Nevada’s paycheck-to-mortgage gap,” the study’s summary states. “With a median monthly housing cost of $2,975, a household must earn $119,012 annually to afford a median-priced home.”

The current median household income in Las Vegas is $80,028, according to the Lied Center.

The study singles out members of Las Vegas’ leisure and hospitality workers are being especially hard-hit by the high cost of housing.

To meet this mortgage threshold, a single-income household must earn an hourly wage of $57.22. However, only 6.1 percent of all occupations in Las Vegas pay at or above this amount,” Lied Center researchers say. “For a dual-income household, each earner must make at least $28.61 per hour, a wage achieved by only 46.6 percent of local occupations. The situation is especially dire for minimum-wage workers: a single-income household would need to work 191 hours per week, an impossible requirement given that there are only 168 hours in a week. For a dual-minimum wage household, each person would need to work 95.5 hours per week, the equivalent of nearly 2.5 jobs”

The study goes on to say that the lack of affordable housing options in Las Vegas could eventually interfere with the city’s currently strong business and economic growth.

This widening affordability gap may threaten Southern Nevada’s long-term economic development goals,” the study says. “Despite the region’s business-friendly environment, strategic location, and favorable tax structure, companies may hesitate to relocate or expand if local housing options remain economically out of reach for much of the workforce.”

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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Beleaguered families living in Windsor Park – a neighborhood located in North Las Vegas whose homes have been sinking into the ground for decades – got some good news this week, as critical funding for the construction of new residences has finally been secured, allowing the development phase of the long-delayed project to finally commence.

The funding for the Windsor Park project was originally approved in 2023 but development has remained in limbo since then, with an impending deadline threatening to yank the millions of dollars earmarked for the renewal of the devastated neighborhood off the table. However, Nevada State Senator Dina Neal (D-North Las Vegas) confirmed that the state has met the deadline – which was Friday of this week – thus, securing the funding and enabling construction to proceed.

Windsor Park is historically comprised of mostly black residents; 241 homes were originally built in the 1960s, but a mere 90 remain today due to a lack of proper studies of the land the neighborhood was built upon. Aa result, existing fault lines aggravated by groundwater pulled from an underground aquifer resulted in homes gradually sinking into the ground.

The consequences were horrific to Windsor Park: walls inside homes cracked, porches collapsed, and sewage pipes shifted and burst.

Community Development Programs Center of Nevada was awarded a contract for $37 million in 2024 to build a new 93-lot subdivision to provide housing for Windsor Park’s remaining residents. However, work never commenced, and since the money for the project is made up of public funds – $25 million is made up of federal COVID relief funds, and the remaining $12 million is from the state of Nevada itself – the developer was up against strict deadlines that it appeared it wasn’t going to meet.

However, as per State Senator Neal, one of those critical deadlines has been met by Community Development Programs Center – who confirmed that they already have a permit for grading, which is set to commence this week – allowing the Windsor Park project to finally enter its construction phase…much to the relief of its long-suffering residents.

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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Two high-rise luxury apartment complexes in Las Vegas that are currently under construction have shown the continued and strong demand for high-end accommodations in Southern Nevada, with the two projects already having recorded a combined total of over $800 million in sales before either has even opened their doors for business.

Construction for the two projects – Four Season Private Residences Las Vegas in MacDonald Highlands in Henderson and Cello Tower in downtown Las Vegas – began at the end of 2024. Four Season, with an anticipated completion date of summer 2027, has already recorded $685 million in sales, with 121 of its 171 units – equating to 71 percent – sold so far; meanwhile, the 240-unit Cello Tower has already exceeded $150 million in sales.

When the tariffs hit (earlier this year), we had a quiet window for about 45 days, and then all of a sudden the faucets opened and people showed up,” said Four Seasons project Executive Vice President, Craig Eddins, who noted Four Seasons is averaging one sale a week. “They are coming from different markets. There are local people making a lateral move that want to simplify their lives. And the northwest is coming on strong. We have several buyers from the Seattle market, Portland and Vancouver, British Columbia.”

The two-tower, $1.3 billion Four Season project – designed by Wimberly Allison Tong & Goos – will have residences that range from 2,279 square feet to 8,349 square feet and offer numerous luxury amenities, including semi-private elevators, private garages, furnishings by Wimberly Interiors, customizable terraces with outdoor kitchens, as well as social gathering and dining areas.

In addition, residents will have access to three multi-level resort-style pools, fine on-site dining and event spaces, and owners of larger units will have the option of having their own private outdoor pool.

Prices at the Four Season range from $3.67 million for two-bedroom units, all the way up to $28.95 million penthouses.

Meanwhile, the 32-story, $400 million-plus Cello Tower – located on the grounds of the Origin at Symphony Park mixed-use enclave in downtown Las Vegas and designed by architecture firm Perkins Eastman – will be comprised of eight penthouse suites beginning at $4.5 million, along with an additional 240 one-and-two-bedroom residences that will start at $700,000 and up.

The complex will feature numerous high-end finishes and appliances for its residents in addition to a great many amenities, including an elevated outdoor environment on the 25th floor featuring beautiful landscaping, gorgeous views, and a fountain; an exhibition kitchen and private dining room; pods for barbecues; a hyper-oxygenated resort-style pool; a TV media wall; a pet spa and park; and an entire 7,000-square-foot floor dedicated to wellness, including a full gym and spa facilities.

Cello Tower is scheduled to be completed in 2027, according to Project broker Brian Krueger with Coldwell Banker Premier Realty.

Our buyers have a lot of time to wait,” he said. “They don’t have to sell their home right now. It gives them time to wait through market conditions, but it also gives them time to plan because a lot of buyers are coming from Vegas. They are selling their homes and want a walkable urban living destination environment that we’ve been pitching since day one. That allows their home to appreciate even more, and it tends to take away from the stress that comes with a real estate transaction.”

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.

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Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – South African tech mogul Elon Musk’s The Boring Company is planning to construct a multi-family apartment complex in Las Vegas that will be connected to its underground loop “people mover” system, with the project having recently cleared a significant milestone by having been granted much-needed land-use permits by the Clark County Commission.

The currently-unnamed project, upon completion, would take the form of a six-story, 132-unit complex situated at 4300 Paradise Road with numerous unique amenities, such as a ground-level bodega, a drive-thru coffee shop, a game room, a full gym, a courtyard and a tenant-exclusive bar and cocktail lounge.

The land-use permits were granted by the Clark County Commission unanimously, albeit with several conditions, as the Boring Company is planning several aspects of the project that do not adhere to normal county building codes.

This includes providing only 24 parking spaces whereas normally 189 would be required, with Stephanie Gronauer of Kaempfer Crowell – the law firm representing Boring at the recent Commission meeting – successfully arguing that the reduction in the number of parking spots was justified due to the building’s residents having access to not only the Regional Transportation Commission’s (RTC) bus service in the area, but also Boring’s underground loop “people mover” system.

The Las Vegas loop is a transport system constructed underneath the city, comprised of a series of underground tunnels dug by Boring that currently ferries people back and forth to the Las Vegas Convention Center in a series of Tesla automated electric cars. Boring plans on expanding the tunnel system, with plans for new people mover routes to various area resorts, sporting venues, and the airport.

The idea is that folks in and around this downtown Strip corridor will live, work and play on this property,” Gronauer said. “Utilize the loop system, utilize the (RTC) bus rapid transit system, as well as the pedestrian accessibility.”

Commissioners granted the land-use permit with the exception for the number of parking spots on the condition that a public meeting be called for the design review of the loop station at the apartment complex, and that the apartment building’s occupancy not be issued until the county issues the loop station’s certificate of occupancy.

Currently, a start date for the project has not yet been revealed.

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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – With affordable housing options in short supply across Southern Nevada, particularly for older residents, a new development in the northern Las Vegas Valley is aiming to help fill the gap.

Dubbed Heirloom at Rome, the 276-unit complex at Rome and Decatur boulevards was developed by Ovation Development Corp. and is specifically designed for low-income seniors.

Completed this summer, the $78 million project features one- and two-bedroom apartments ranging from 664 to 891 square feet, along with 38 separate 400-square-foot “tiny homes.” The first tenants began moving in on September 1. Residents also have access to a variety of amenities, including fitness and wellness rooms, a game lounge, a business center, and a clubhouse.

A recent report from the National Low Income Housing Coalition highlighted the region’s housing crisis, noting a shortage of approximately 78,000 affordable rental units that continues to put financial pressure on local families.

Ovation Development is among the largest apartment builders in Southern Nevada, with a portfolio spanning both affordable and luxury communities. To date, the company has completed 17 affordable housing projects; its last senior-focused property, Heirloom at Pebble, opened in May and is already 89 percent leased.

For those interested in applying to this community, visit: Heirloom at Rome Contact Page

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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – The latest rental market snapshot shows a continuing shift in Las Vegas rents as of early September 2025. Zillow now reports the average rent for all bedrooms and property types across the valley at $1,971 per month, reflecting a $24 month-over-month decrease and a $79 drop year-over-year. In contrast, Zumper lists the median rent across all units at $1,895 per month, flat compared to last month but still 2% higher than a year ago.

Breaking It Down: House vs. Apartment Costs

For homeowners weighing the rental potential of a single-family home, Zillow places the average rent for houses at $2,172 per month. Apartments lag behind standalone homes in rent – Zillow reports apartments average approximately $1,525 per month.

Adding more detail, Rentometer’s September figures show average rents by bedroom count:

• 2-bedroom houses: $1,765
• 3-bedroom houses: $2,245
• 4-bedroom houses: $2,735

What This Means for Homeowners

(*Based on Data Provided)

Insights & Action Steps

• Leverage the Single-Family Advantage: Detached homes consistently command a premium. Highlight space, privacy, and family-friendly features to justify higher rent.
• Price by Size & Amenities: Don’t rely on averages. A 3-bedroom or 4-bedroom home should be positioned at a higher tier than a smaller property.
• Stay Competitive in a Cooling Market: With Zillow showing small month-to-month declines, presentation matters. Professional photos, updated features, and responsive management can help attract quality tenants faster.

Las Vegas remains a unique rental market shaped by ongoing population growth, tourism, and seasonal movement. For property owners, the averages are just a starting point – true rental value depends on your property’s neighborhood, upgrades, and timing. Having a local property management expert conduct a free rental analysis can provide an accurate, data-driven estimate, helping you set a price that attracts quality tenants while maximizing your monthly income.

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.

Joe Mcdermott

Joe Mcdermott is a journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Mcdermott helps keep a keen-eye on what’s happening in the Las Vegas Nevada community on behalf of Shelter Realty Inc.

LAS VEGAS, NV – A new affordable housing community in North Las Vegas – the first of its kind in the city – has been announced by the NRP Group, a developer, builder, and manager of multifamily housing.

The groundbreaking of the community – dubbed North & Valley – is scheduled to take place later this September. The development is slated to take the form of 105-units at 6555 North Pecos Road on a five-acre plot of land located in Clark County, right next to a medical office campus and job center.

North & Valley will be offering units to residents earning between 50 and 60 percent of the Area Median Income (AMI), and will take the form of two four-story buildings with a mix of one, two, and three-bedroom residences. The project is notable as there are very few affordable housing communities in the area – and in particular North Las Vegas – that cater to the needs of low-income families and working professionals.

NRP Group Vice President of Development Mike Moriarty noted that North & Valley will address the very real need for affordable housing in North Las Vegas.

Las Vegas is one of the fastest-growing regions in the country, yet housing supply hasn’t kept up with demand, especially for working families,” Moriarty said. “This project marks NRP’s first affordable housing development in Las Vegas, and we’re proud to bring our 30 years of experience creating high-quality communities to the region. As Las Vegas continues to experience explosive population growth and a deepening housing crisis, we’re committed to being part of the long-term solution.”

Moriarty also noted that the community – despite its entry-level price point – will nonetheless offer resort-style amenities to its tenants, including a swimming pool, a rooftop terrace lounge on the fourth floor with scenic views, and an outdoor playground. In addition, inside each unit, tenants will have stainless steel appliances, quartz countertops, designer cabinetry, wood-style flooring, and connections for washer and dryer setups.

Completion of development for North & Valley is scheduled for April 2027.

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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – A short-term rental that has been operating in the east Las Vegas Valley has been amassing a growing pile of fines amid a plethora of code violations and multiple complaints by its surrounding community.

The property in question has drawn the ire of the neighborhood’s residents and Clark County code enforcement officials due to a series of large gatherings and loud, boisterous parties that have continued far into the early morning hours. The rental has been licensed to operate since September 2024, and since then it has been visited by code enforcement officers 21 times and been slapped with a total of $22,000 in fines.

The property continues to operate unabated despite the large fines levied against it due to the legal murkiness of its ownership, which is via a trust; this makes tracking down the actual entity behind it very difficult, and currently allows them to blatantly skirt the law in may instances.

For example, Clark County regulations mandate that no more than 10 guests can stay at any given short-term rental at a time. However, the owners of the east Las Vegas Valley rental in question openly advertises it as able to accommodate up to 16 guests, exceeding the limit by over 50 percent; in some cases, neighbors report even larger numbers in attendance.

Salem Ayoob, a resident in the neighborhood where the offending rental is located, recently appeared before the Clark County Commission to present documentation of the issues that the community has been forced to deal with on a regular basis, including large gatherings, parties, and heaps of trash.

Ayoob also criticized the County Commission for what he said was their lack of effort in enforcing the fines against the property, as well as their failure to follow through on regular inspections.

When we have different people coming, it’s a crap shoot. One weekend, it could be a dance team from California, but they’re still over the limit because that was 16 to 18 people. What we had for Electric Daisy Carnival was atrocious,” he said. “If the citations outweigh the money that’s coming in, then obviously anybody would cease and stop. Lack of enforcement and lack of frequency on citations and amount of citations has led the owner of the property to basically flaunt their nose and just keep going full steam ahead.”

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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS — The latest rental market figures are in, and local property owners may be in for a surprise. Zillow reports the average rent for all bedrooms and all property types across Las Vegas sits at $1,995 per month, a decrease of $105 year-over-year, as of August 5, 2025. Meanwhile, Zumper places the median rent – across all unit types – at $1,895 per month, representing a 2% annual increase.

Breaking It Down: House vs. Apartment Costs

For homeowners considering renting out a single-family residence, Zillow reports the average rent for a house in the Las Vegas Valley is significantly higher – $2,172 per month – compared to the average apartment rate of $1,525. Local rental newsletters add that single-family homes currently rent for about $2,200/month, while apartments are averaging closer to $1,400/month.

Adding even more granularity, Rentometer offers insights by bedroom count:

• 2‑bedroom houses average $1,778
• 3‑bedroom houses average $2,268
• 4‑bedroom houses reach $2,764

What This Means for Homeowners

(*Based on Data Provided)

Insights & Action Steps

• Leverage the Single-Family Advantage: If a homeowner is listing a standalone property, positioning it as such – with targeted marketing and justified pricing – can yield premium rent.
• Match Rent to Size: Tailor rental expectations based on bedroom count and amenities rather than just averages. A 3-bed listing deserves a higher benchmark.

While national headlines often paint the housing market in broad strokes, Las Vegas remains a unique rental landscape driven by tourism, steady population growth, and seasonal fluctuations. For property owners, the key takeaway is that market averages are only a starting point – your home’s actual rental value depends on its neighborhood, condition, amenities, and timing. Having a local property management expert conduct a free rental analysis can provide an accurate, data-driven estimate, helping you set a price that attracts quality tenants while maximizing your monthly income.

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.

Joe Mcdermott

Joe Mcdermott is a journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Mcdermott helps keep a keen-eye on what’s happening in the Las Vegas Nevada community on behalf of Shelter Realty Inc.

LAS VEGAS, NV – Master-planned communities located within Henderson and Summerlin in Southern Nevada are among the very top in the United States among homebuilders in 2025, despite the fact that buyers nationwide have been exhibiting cold feet as of late due to high house prices and interest rates on mortgages.

So far this year through the end of June, builders in Cadence – a community situated in Henderson – sold 722 newly-built homes, placing it third nationally among such neighborhoods; this is as per a new report released by RCLCO, a real estate consulting firm.

Located on 2,200 acres of land off Lake Mead Parkway east of Boulder Highway, Candence’s figures reflecting new home sales dropped by only four units when compared to the same period of time in 2024.

Next, builders in Las Vegas’ Summerlin community sold 515 homes during the first half of 2025, tying it for seventh place with Babcock Ranch in southwestern Florida.

Summerlin, found along the Las Vegas Valley’s western rim and spanning 22,500 acres, saw sales of new homes drop by 14 present year-over-year, according to RCLCO.

However, the RCLCO report notes that, among the 50 top-selling master-planned communities, sales dropped 6.6 percent year-over-year; this reflects a similar decline experienced by the overall home construction industry, the firm said.

The RCLCO report generated the rankings in its report based on data submitted by the master-planned communities included within it, including the total number of newly-signed sales contracts, not taking into account net sales, or cancellations.

This is an impressive overall showing for Southern Nevada, despite the fact that home sales overall have been declining throughout the country as the expenses associated with acquiring a new home have risen exponentially, causing many potential buyers to delay making such purchases while weighing their options and hoping costs eventually decrease.

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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – A new study indicates that the number of senior renters in the Las Vegas Valley has jumped by a significant degree over the course of the past decade, with experts chiming in with several reasons as to why that may be the case.

Point2Homes, citing data from the U.S. Census Bureau, released a study this week that notes there has been a 33.7 percent increase in the number of renters in the valley aged 65 and older between the years of 2013 and 2023.

In contrast, the report said, renters in practically all other age groups decreased during the same period of time, with the largest decrease being 8.4 percent among those aged 18-24, followed by 5.1 percent among those 35-45, 4.8 percent among those 45-54, and 0.8 percent among those 55-64.

The only other age group that saw an increase in the number of renters during that time period was among those aged 25-34, with a 4 percent jump.

The increase in the number of senior renters in the valley over the last decade was higher than the national average, which was 29.4 percent, or 2.4 million people.

The author of the Point2Homes study, Alexandra Ciuntu, said the increase in senior renters in Southern Nevada is indicative of several factors that serve to make the region attractive to that particular demographic.

It highlights how Vegas is one of the most appealing and well-positioned areas to attract older adults with its warm climate, abundant senior communities, reasonably accessible health care, and amenities that support a lower-maintenance lifestyle,” she said. “It’s gradually become a standout destination for seniors who want more than just a place to retire, but rather a place to thrive.”

The national rise in senior renting, according to the report, can also be attributed to a need on the part of older Americans to downsize and simplify their lifestyles as they age.

Compared to 10 years ago, more seniors are stepping away from the burdens of home ownership (such as property taxes, repairs, and the complexities of downsizing) and, instead, using home equity or retirement savings to support alternative living arrangements,” the report said. “Some are moving closer to family, others are downsizing to cut costs, or renting simply to live on their own terms. Renting also provides flexibility for a growing number of older adults who remain in the workforce well into their 60s, allowing for job-related moves, seasonal living, or part-time relocation.”

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.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com