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

By
Services for Real Estate Pros with Savvy Home Pix B.1000860.LLC

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:

  • June 2011:  2485
  • 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:

  • June 2011:  $1765
  • 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:

  • June 2011:  $1150
  • 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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Rainmaker
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Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Renee

It is very interesting how strong your market is in rentals, tenants become buyers

Aug 13, 2011 01:47 PM #1
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks for your comment Tom!

Sep 04, 2011 05:29 AM #2
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