LAS VEGAS, NV – Amid the current real estate boom taking Southern Nevada by storm – simply put, there are currently more buyers looking for housing than there are houses on the market, which has seen its highest sales in a decade – local contractors and developers have been working overtime in an attempt to satiate demand…and falling short, unfortunately. However, this situation is ripe for any go-getter to take advantage of, and one such company – hailing from Texas, of all places – has decided to firmly plant their foot in the Las Vegas housing market.

LGI Homes, which is headquartered near Huston, is currently in the process of expanding their company to the Las Vegas region, an act which is surprisingly considered an unusual occurrence. For years, Vegas has typically relied on local developers for their construction needs, but the arrival of a relative newcomer in the market clearly signals that more muscle is needed when it comes to ramping up housing output for the demand created by the skyrocketing revival of Nevada’s economy and job market. Since its recovery from the housing bubble burst of the mid-2000’s, Vegas has seen a large increase in the number of newly-transplanted residents into the area in the last few years…and, obviously, those new residents need places to live.

LGI recently purchased its first property in Las Vegas – a 20.5-acre subdivision located on Lake Mead Boulevard near Lamb Boulevard – and announced their first construction project, which is slated to create 102 single-family homes; a review for six variants on different housing models was recently approved by the Planning Commission of Clark County. LGI has stated that their main goal is to create dwellings that cater more to first-time home buyers, which is a population that most new construction does not take into consideration, reports say, with the projected price of their proposed single-family homes to come in at around $200,000 apiece, below the current median price for a typical Vegas property; the average sales price of a home purchased in March of 2018 was $357,195.

The Lake Mead Boulevard area is considered “depressed” by some developers; the space located next to LGI’s new property currently contains an encampment for homeless individuals, with the space littered with shopping carts, tents, a mobile home, and random pieces of kitchen and living room furniture strewn about. However, the intense need for affordable housing is driving some companies to take risks in hopes of big payoffs in the end; while an established contractor may be loathe to take on such projects – even with demand currently being what it is – an outsider to Vegas can bring an alternate viewpoint and see a downtrodden area as an asset, experts say.

Development, even in underprivileged areas, can pave the way for revitalisation and profits; after all, Las Vegas as a whole was largely considered an economic black home for nearly a decade until its fortunes recently took a turn for the better, with jobs and businesses pouring back into the region. Savvy developers, such as LGI, are taking a shot at giving Vegas what it needs when others are dropping the ball, and it will only benefit the city as a whole in years to come.

Looking for information on the Las Vegas market? First-time home buyer recommendations? Las Vegas condos, area nightlife entertainment options? Please feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Experts Report Rise in Eviction Rate in Southern Nevada

LAS VEGAS, NV – While the Las Vegas real estate scene is on the rise – and has been for the better part of a year now, with both record demand and prices in both the housing and rental markets following the mid-2000’s recession – there has also been a recent spike in a related field; that of evictions – as the growing Southern Nevada economy struggles to keep in step with increased costs of living.

After the burst of the housing bubble in the middle of the first decade of the new millennium – resulting in properties that had been snatched up by investors sitting dormant for years without buyers or renters – the recent real estate boom has brought money, new businesses, and enthusiasm into the Las Vegas area, and with that surge of prosperity has come a corresponding surge in the demand for housing options…and likewise, an increase in prices that some residents are having difficulty keeping up with.

According to recent reports, Clark County currently averages approximately 82 evictions a day; over 30,000 renters were evicted from their residences in 2016, which represents a whopping leap of 43 percent from the same period in 2009. And when the experts weigh in, the same answers to why this is happening keep coming up…it’s a matter of rising lodging costs in Southern Nevada while the economic benefits of the recent housing boom and influx of investment capital have yet to filter down to an appropriately comparable raise in salaries for the general public. While investors are currently making a killing in Vegas, those living paycheck to paycheck have yet to experience a relief from their financial pressures.

Las Vegas also has slightly tighter eviction deadlines than in other areas of the country, which leads to less time for tenants and landlords to iron out any issues that they may have; according to reports, landlords can issue a five-day eviction to tenants, and in reverse, landlords have 14 days to address a grievance issued by a tenant. Another difference is that, while many other states require a landlord to file a summons and complaint and initiate a court action, in Nevada a tenant needs only to be served with the initial eviction notice; it is then up to them to go to court and file a tenants affidavit, essentially reversing the process compared to many other states. This is another factor that accounts for the rising amount of evictions in the area, because when it comes down to it, most people will attempt to avoid court whenever possible, even if it means the loss of their dwelling.

Experts are anticipating the increase in construction of housing in Southern Nevada will contribute to the lowering of prices for both homes and rentals in the area, and with that a corresponding decrease in the number of evictions. Essentially, Las Vegas is going through a period of intense growing pains as past years of dormancy have left it ill-prepared for its current record-breaking expansion. However, some argue that the equilibrium between housing costs and worker earnings has already been lost to such a degree that government intervention may be required in the form of aggressive affordable housing policy at the state and local level.

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.

As of April 2, 2011, there are a few single family homes for sale under $100,000 in the Lone Mountain area of Las Vegas, NV.

Notable for the beautiful desert mountain range that can be seen just under the glowing evening sunsets, multiple neighborhood parks and walking trails, the Lone Mountain housing community is an excellent area for Las Vegas First-Time Home Buyers or Investors to check out for affordable housing.

I have lived in NW Las Vegas for the past 7 years, and I love the quiet natural landscape, wildlife and small town feel.

With the 215 / Summerlin Parkway and the 95 freeways within a 5-10 drive from the base of the mountains, the Lone Mountain area is still a convenient drive to other parts of Las Vegas.

Most of the single family residences for sale in the 89129 zip code under $100,000 are fairly new properties (5-10 years old), and range from 1300 – 1700 SQ FT.

While most of the homes in that lower price range have smaller lots, mainly due to the mini housing boom between 2003-2006, it is not uncommon to find great property deals that have upgraded cabinets, granite and other amenities.

Some of these properties were selling for over $300,000 during the height of the market.

And, if you push your purchase price level to just under $150,000, there are some amazing homes available.

Below, I’ve listed a few related property searches, a list of all the local businesses, an updated feed of homes under $100,000, a graph to show how prices have dropped over the past few years, as well as a photo slideshow of a hiker who climbed Lone Mountain with his pet duck.

FHA Mortgage Loans

Federal Housing Administration (FHA)

The FHA’s mission driven organization encourages home ownership and provides affordable housing opportunities with low down payment and flexible credit requirements.

The Federal Housing Administration (FHA) has insured nearly 50 million home mortgages since its establishment in 1934. This includes both single-family and multifamily mortgages.

While most people believe that the FHA lends money directly to borrowers, it’s actually just insures a certain type of loan that is financed by traditional banks and mortgage lenders.

Four of the most visible single family housing programs that FHA offers are, Section 203(b), Section 234(c), Section 203(k) and Home Equity Conversion Mortgages (HECM) – Reverse Mortgages.

FHA Loan Type Highlights:

Section 203(b)

• largest of FHA’s single family programs
• 1-4 unit properties are eligible
• flexible credit requirements
• 3.5% down payment allowed
• down payment may be a gift from specific sources

Section 234(c)

• provides mortgage insurance for individual condominium units
• credit, down payment and limits of 203(b) apply
• in 2010, condominium complexes must be approved through HRAP/DELRAP to be eligible for FHA insurance

Section 203(k)

• primary program for property rehabilitation
• encourages community and neighborhood revitalization
• only 1 mortgage loan is used for both the acquisition and the renovation
• 1-4 unit properties including condominiums are eligible; check with your lender for manufactured housing eligibility
• required improvements include cost effective energy conservation standards and smoke detectors
• consultancy may be required

HECM – Reverse Mortgages

• FHA was the first to promote reverse mortgages nationally
• allows access to equity in property with flexible terms
• lump sum, monthly payments, line of credit or a combination available
• limited to homeowners 62 years of age and older

FHA programs go beyond the scope of the previous listed programs. They offer a Streamline Refinance as well as a Streamline 203(k) for limited repairs. Also, recent legislation has helped FHA offer special programs with incentives to lenders for modifying and refinancing existing mortgages like with the “Making Home Affordable Program.”

When looking for a loan program to fit your specific needs, take a close look at FHA as their programs have become more attractive to both lenders and consumers.

With favorable loan terms, higher loan limits, 30 year fixed repayment terms and flexible down payment options, FHA will continue to encourage home ownership, provide liquidity and stability to the mortgage market.

…..

Frequently Asked FHA Questions:

Q. What are the credit requirements for most FHA lenders?

As of 2010, the majority of lenders are leaning toward a mid credit score of 640. However, a handful remain down to 620.

Q. How much can I afford?

By providing your mortgage professional the required documentation, a detailed analysis will be provided that includes your maximum loan amount

Q. How will I know if the condo/townhome I want to buy is eligible for FHA financing?

The following link will allow you to enter your zip code for a list of eligible properties:  CLICK HERE

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LAS VEGAS, NV – According to a new report by Redfin, the condominium market in the Las Vegas Valley is ranking among the most imbalanced out of the top major metropolitan areas in the United States, in terms of the number of sellers versus buyers.

The Valley’s condo market came in 13th out of the 50 major metros in Redfin’s report, with the number of sellers currently far outstripping buyers in the real estate marketplace. In August, there were 2,449 condo sellers in the valley, as compared to a mere 853 potential buyers; this represents a whopping 187 percent imbalance in favor of buyers, Redfin’s data says.

The national average in August was approximately 72.3 percent more condo sellers than buyers.

The median price of a condo in Las Vegas in August was $245,000, down from the peak price of $269,000 in June 2024; the record number of condos sold in Southern Nevada was 751 in April 2021 – in the midst of the buying frenzy that took place during the COVID-19 pandemic – but in August 2025, a mere 265 condos changed hands, Redfin said.

According to Redfin Senior Economist Asad Khan, the condo market in the valley is currently favoring buyers, and that gives them an advantage when negotiating for the time being.

Condo buyers can negotiate prices down and ask sellers for concessions, and they have a lot of options to choose from,’ he said. “Even though condo prices are still fairly high and HOA fees are rising, condos are still more affordable than single-family homes. That’s especially true for people planning to hold onto their condo for several years. With some would-be condo sellers pulling back, buyers may not have this much negotiating power for long.”

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 – As per a newly-released report, the rent in the Las Vegas Valley is actually lower than other major metropolitan areas throughout the country with similar population sizes.

According to Zumper, as of the beginning of June 2025, the median price for a one-bedroom rental unit in Clark County was $1,250 per month, making it the most affordable area out of the five U.S. metros that are comparable in size and number of residents.

Meanwhile, the most expensive metro of that group is Denver County, Colorado, where the median rent is $1,512 per month, followed by Sacramento County, California with $1,500 per month, Travis County in Austin, Texas at $1,476, and Multnomah County in Portland, Oregon at $1,425.

In contrast, the next cheapest major metro after Las Vegas in terms of one-bedroom rent is Salt Lake County, Utah, at $1,230 per month.

When it comes to two-bedroom rentals, the current going rate in Vegas as of the start of June was $1,500, which is the same amount it was during the same period of time one year prior but a 3.2 percent decrease when compared to May 2025.

Zumper’s report shows a serious shift in overall patterns when it comes to rental prices nationwide, where numbers are either dropping or at the very least remaining flat in the majority of the major metro areas that they examined. One of the main reasons for this is likely due to the large number of apartment units coming into the market over the course of 2025, leading to a surge in inventory, according to Zumper CEO Anthemos Georgiades.

Even with ongoing economic uncertainty, the U.S. rental market continues to demonstrate striking resilience,” he said in a statement. “While the national rent rates are slightly down from last year, that softness is misleading. In the context of a historic wave of new supply, the limited decline in rents is a strong indicator of how powerful renter demand remains.”

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 – Nowadays, young families are struggling more than ever to purchase their first home. Due to a combination of soaring home prices and near-record high interest rates on home mortgages, the dream of home ownership is slowly slipping away from many Americans.

However, there are some areas of the country where you have a better shot of finding an affordable home than others, and according to personal finance website WalletHub, three cities in Nevada rank in the top 300 of the best places for first-time homebuyers, with one of those cities actually placing way up in the list’s prestigious top five.

WalletHub’s Best & Worst Cities for First-Time Home Buyers ranking takes numerous factors into account when establishing its placings, including affordability, the overall real estate market, and quality of life, drawing data from numerous sources, including the U.S. Census Bureau, the Bureau of Labor Statistics, the Department of Housing and Urban Development, as well as the FBI.

Overall, Reno was ranked at no. 52 and North Las Vegas at no. 39, although both of these Nevadan cities actually ranked even higher when compared to other cities whose population sizes were similar.

However, Henderson ranked at no. 18 on the list overall, and that placing shot up to an impressive no. 5 when compared to other large cities with populations of 300,000 and higher.

Henderson also drew high marks overall in individual categories such as affordability, where it placed at no. 50 in terms of home price vs. household income, insurance costs, real estate taxes, and cost per square foot. It also placed at no. 132 for quality of life, which takes into account factors such as school system quality, crime rates, weather, driver friendliness and job market.

Henderson also reached no. 42 in the real estate market category, which examines variables such as rent-to-price ratio, home price appreciation, foreclosure rate, number of listings, and millennial homeownership.

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 Las Vegas Realtors (LVR), prices of condominiums and townhomes in the Las Vegas Valley are on the rise due to increasing demand fueled by high house prices in the region.

Based on LVR data pulled from the Multiple Listing Service, the median price of a condo or townhome sold in Southern Nevada in May 2025 was $307,000, which represents a 1.4 percent increase from April 2025 and a 4.1 jump year-over-year. However, the number of condos and townhomes sold in the valley in May was 559, which is 2.8 percent higher than April but a 19 percent decrease from the same period of time last year.

Meanwhile, the median price of a single-family home in Las Vegas has been consistently remaining at $480,000, just shy of the all-time record high level that was reached earlier in 2025, LVR says.

Given that the current high prices in the Southern Nevada single-family home market are driving very real affordability concerns for many people in the region, Henderson Re/Max Advantage associate Robert Little notes that some buyers are feeling priced out and are seeking other housing options that are more in line with their budgets…mainly, condos and townhomes.

I believe this is largely due to affordability,” he said. “Condos, with a current median price of $307,000, are more accessible than single-family homes, which have a median price of $480,000. This makes them especially attractive to first-time buyers, second-home purchasers, or those on fixed incomes and tighter budgets.”

This rising demand for condos and townhomes is correspondingly serving to drive prices in that market up, but LVR President George Kypreos said that monthly sales numbers can fluctuate wildly in Las Vegas and it’s best to keep an eye on the big picture instead of the small details.

While local condo sales and prices did post a modest increase in May, I wouldn’t read too much into it,” he said. “I do think it suggests that more buyers are recognizing that condos and townhomes can be a more affordable way to enter the housing market, especially with home prices hovering just below record levels and mortgage interest rates still higher than we’d like.”

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 – Following the facility’s groundbreaking ceremony that took place in September 2024, construction on Visions Park – a unique and pioneering affordable living apartment complex in downtown Las Vegas that caters exclusively to the needs of blind and visually impaired residents – has officially reached its halfway point, according to officials.

To celebrate the construction milestone, the Blind Center of Nevada invited local dignitaries and officials on a tour – while wearing hard hats, of course, since it is an active work zone – to review the progress on the complex, which is situated near the Blind Center’s main campus at 950 Visions Park Lane.

This collaborative $30 million project was brought to life – financed via $4 million from the city of Las Vegas, $15 million from the State of Nevada, $1.5 million from the city of North Las Vegas, $1.5 million from the city of Henderson and $8 million from Clark County – in order to create an apartment complex that is accessible to those who rely on the resources of the Blind Center.

Upon completion, Visions Park will feature numerous amenities to help sight-challenged tenants retain some degree of independence, including flooring that makes different kinds of noises when you walk on it in order to help blind individuals navigate, as well as special types of lighting to assist those who are visually impaired.

In addition, the project will aid in reducing travel time and costs getting to and from the Blind Center, as currently some report a commute of anywhere from one to two hours every day, according to Henderson City Councilwoman Carrie Cox.

It takes a toll. I’ve had a personal experience with my own mother and seeing her sight fail her towards the end of her life,” Cox said, noting that her mother’s situation improved when she began attending the Blind Center. “And to know the difference that that made for her, there was really not a lot of options. So, this is amazing to me that the Blind Center has taken this leap to bring us all together and to make something happen for those that are visually impaired.”

Visions Park is slated to open in the beginning of 2026; there are already 300 people on the waiting list.

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 study from Clever Real Estate based on data obtained from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, the Las Vegas Valley now ranks as the 27th most affordable major metropolitan area in the United States when home prices and annual income are directly compared.

Based on this study, how much would the average Southern Nevada household need to be pulling in each year to afford a home?

Currently, the median price of an existing single-family home in the valley is $449,000, whereas the median annual household income is $75,065. So, as per the data contained in Clever Real Estate’s report, a household would need to be earning an annual income of $113,839 to afford the purchase of an average home with a down payment of 20 percent.

However, if you’re planning on buying a house in the valley with no money down, that yearly income requirement obviously needs to be higher; in this instance, it would have to go up to at least $138,826.

Henderson Re/Max Advantage associate Robert Little noted that the housing market in the valley, while improving for buyers, is still driving some low-earners out of the equation for the time being.

Affordability remains a real concern in the Las Vegas housing market, especially with today’s higher mortgage rate,” he said. “That said, we’ve seen a softening in prices this year, and the market has shifted slightly in favor of buyers, which offers some relief.”

Little said that despite greater and greater amounts of inventory opening up in Las Vegas, home prices are still lingering at nearly record-high levels. But despite that, he explained, there are signs that things are indeed changing.

Depending on how a home is priced relative to the competition, it’s not unusual for buyers to negotiate a price reduction, have closing costs covered by the seller, or use concessions to buy down their mortgage rate,” he said. “Builders are also stepping up with aggressive incentives—often covering all closing costs or offering significant rate buy-downs to attract buyers.”

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 – A large hedge fund based out of New York is the single-largest owner of homes in Clark County at nearly 3,200 units, according to the county’s property records.

Pretium Partners, a hedge fund that manages over $55 billion in assets, is the owner of Progress Residential, a home rental property management company that – as of the end of February, 2025 – owns 3,190 homes in the county, as per officially-confirmed data.

But that number could, in fact, potentially be higher, as typically real estate investors make it difficult to track their dealings by buying properties under the guise of various limited liability companies (LLCs), often with different-yet-similar names. For example, according to Clark County records, at least five of LLCs that have purchased property contain the word “Progress” in their name.

When contacted by local media about the true scope of their stake in Clark County, representatives for Pretium refrained from giving an exact number of the homes it owns, but claimed that it is fewer than 4,500.

U.S. Rep. Steven Horsford (D-NEV) said that corporate and Wall Street-backed investors have snatched up thousands of homes in both Southern Nevada and throughout the nation – mainly targeting starter homes and low-income communities – thereby reducing overall affordable stock and making the dream of homeownership harder for average people to obtain.

Studies indicate that, by the end of 2023, approximately 15 percent of Clark County’s housing stock – and nearly 25 percent in North Las Vegas – was owned by investors.

These predatory practices led by these Wall Street-backed hedge funds are acquiring more properties, pricing out Nevadans and their ability to own their own home,” Horsford 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.