Las Vegas NV Area Rental Home Market Report June 2012 (includes Henderson & North Las Vegas)

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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 2012:  3007
  • May 2012:  2880
  • April 2012:  2590
  • 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

Average Monthly Rental Rates:

  • June 2012:  $1222
  • May 2012:  $1235
  • April 2012:  $1299
  • 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

Median Monthly Rental Rates:

  • June 2012:  $1100
  • May 2012:  $1100
  • April 2012:  $1095
  • 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

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

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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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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Renee:  You always hear how "local" real estate is ... and you prove the point perfectly with your post and stats.  This is exactly the opposite of what I am seeing reported in other areas.  I think it's because of the high interest in investing in your area.  It's good to hear though that the market is at least moving in one way or another ... and renters are once again interested in seeking homes to buy ...

Keep the reports coming!  I learn alot ...

Gene

Aug 24, 2012 09:34 AM #1
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks Gene!

Sep 16, 2012 11:59 PM #2
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