Las Vegas NV Area Rental Home Market Report March 2012 (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:

  • March 2012:  3031
  • February 2012:  2835
  • January 2012:  2471
  • December 2011:  2114
  • November 2011:  2290
  • October 2011:  2399
  • September 2011: 2535
  • August 2011: 2750
  • July 2011: 2396
  • June 2011: 2485
  • May 2011: 2376
  • April 2011: 2342
  • March 2011: 2307
  • February 2011: 2253
  • January 2011: 2002
  • December 2010: 1889

Average Monthly Rental Rates:

  • March 2012:  $1621
  • February 2012:  $1347
  • January 2012:  $1447
  • December 2011:  $1307
  • November 2011:  $1328
  • October 2011:  $1355
  • September 2011: $1279
  • August 2011: $1422
  • July 2011: $1434
  • June 2011: $1765
  • May 2011: $1257
  • April 2011: $1207
  • March 2011: $1497
  • February 2011: $1501
  • January 2011: $1449
  • December 2010: $1563

Median Monthly Rental Rates:

  • March 2012:  $1095
  • February 2012:  $1080
  • January 2012:  $1095
  • December 2011:  $1095
  • November 2011:  $1095
  • October 2011:  $1100
  • September 2011: $1145
  • August 2011: $1125
  • July 2011: $1125
  • June 2011: $1150
  • May 2011: $1150
  • April 2011: $1100
  • March 2011: $1100
  • February 2011: $1100
  • January 2011: $1100
  • December 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.

Typical Move in Costs for Renting a Las Vegas Home

Search for Rental Homes:

Posted by

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

 

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

Blog Disclaimer Important Notice

Realtor/MLS Member, NAR, NVAR, GLVARAccredited Buyer's RepresentativeSeller Representative SpecialistSenior Real Estate SpecialistAt Home with DiversityResort & Second Home Property SpecialistShort Sale Foreclosure Resource

 

 

 

Sell Las Vegas Home          Las Vegas Homes for Sale     Las Vegas Rental House

              

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Nevada Clark County North Las Vegas Sandstone Ridge
Groups:
Las Vegas Investors and Downtown Real Estate
Market Updates
Nevada/Las Vegas REO, Fourclosure, Short Sale Specialist
City and State
Market Reports
Tags:
las vegas nv real estate
las vegas rentals

Spam prevention
Show All Comments
Ambassador
1,625,673
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

At least this is one segment of our market we are better than you in.  You rented about 80% of your available this month, but we are turning nearly 100% monthly and most in under a week. 

May 12, 2012 08:26 PM #1
Rainmaker
4,798,978
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Wow, the number of rentals you have in the Las Vegas area is pretty staggering to this small town guy.   And, have a happy Mother's Day.

May 12, 2012 10:41 PM #2
Ambassador
2,089,987
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

You do indeed have a massive amount of rental properties out there! Really amazing!

May 12, 2012 11:51 PM #3
Rainmaker
5,987,379
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The very affordable rental rates should be attracting more retirees to the area.  Have a great week!

  

May 13, 2012 12:54 AM #4
Rainmaker
4,450,283
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Renee, you do have a supply of rental properties, and I would think they would be needed in Vegas!  Great report!

May 14, 2012 12:10 AM #5
Ambassador
1,554,306
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Renee  Rentals are a very strong market, especially for investors.  The time is right to see you for representation

May 14, 2012 12:14 AM #6
Rainmaker
3,416,788
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Renee, Glad to hear that renters are becoming buyers. That's great news for the Las Vegas Real Estate market!

May 14, 2012 12:14 AM #7
Rainmaker
934,300
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Renee - I never would have expected to see another post about Las Vegas rentals, but you did it well. If I never talk to another renter again, I'll be really happy.

May 14, 2012 02:12 AM #8
Ambassador
1,513,057
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you all for the comments!

Jun 11, 2012 11:11 PM #9
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
1,513,057

Renée Donohue~Home Photography

Western Michigan Real Estate Photographer
How May I Assist You With Your Las Vegas Real Estate Needs?
*
*
*
*

Additional Information