Rent to own Homes in Las Vegas, NV
Las Vegas, the most populous city in Nevada, is known all over the world for a number of things: gambling, shopping, nightlife, and fine dining. Despite what some people may think of the city, however, it isn't purely a mecca for entertainment, and it is actually a growing choice among retirees and young families. The boundaries of Las Vegas also stretch beyond the visible city limits, taking in the mega resort area around the Las Vegas strip, as well as the Las Vegas Valley, although exactly what is encompassed by the city is a matter of interpretation.
Las Vegas, NV is a great place for affordable rent-to-own homes! With a median household income of over $58,377 and a median rent of $1,153, the Las Vegas, NV rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Las Vegas, NV. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Las Vegas, NV Property Resources
Rent to own Homes in Cities Near Las Vegas, NV
Neighborhoods in Las Vegas, NV
The Section Seven rent to own homes Los Prados rent to own homes Peccole Ranch rent to own homes West Sahara rent to own homes Charleston Preservation rent to own homes Northwest Area rent to own homes Tule Springs rent to own homes Providence rent to own homes Pittman rent to own homes Elkhorn rent to own homesBuying a Home in Las Vegas, NV
Las Vegas, NV is seeing rapid growth and Las Vegas, NV's' housing market remains not optimal with an average home price that is 29% above the 2024 national average. Las Vegas, NV is part of Clark county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Clark is 0.72% which is below the national average, which is 0.99%.
Median Home Price in Las Vegas, NV
Median Rent in Las Vegas, NV
Top Reasons to Live in Las Vegas NV
Housing StatisticsProperty prices in Las Vegas aren't as high as people might think, largely because the city extends far beyond the glossy and abundantly wealthy areas of the Vegas Strip. Las Vegas proper has houses for sale at an average of just over $360,000, with median prices much lower than that at only $161,500. The population in the city stands at about 600,000, with an almost exact split between men and women, with average income per household of $47,000. A recent study from the University of Nevada has also shown that roughly 40,000 homes, or eight percent of the total homes in the city, are vacant. As such, people looking for homes for sale or rent to own properties should have a fairly easy ride finding a few potential options in the city.
Local RestaurantsAs mentioned, one of the things that Las Vegas is known for is the high life and it's plethora of fantastic restaurants. However, the city doesn't only cater to wealthy out-of-towers; it also has a range of restaurants to suit all tastes and budgets. If you're a meat lover, Steakhouse is perfect, allowing you to indulge your passion for high protein meals without the tacky decorations that many other steakhouses enjoy. If your preference is more towards Thai and Oriental cuisine, check out Lotus of Siam, a fantastic eatery with a menu and wine list that would put even the largest and most expensive restaurants to shame. If you want to go a little more upmarket, check out Restaurant Gun Savoy, a French restaurant found in Caesars Palace. With high prices, you'd expect fantastic food and incredible service, and that is exactly what you'll get. Or, if you're an avid art lover, why not dine surrounded by some world famous art? Head to Picasso at the Bellagio and you'll be able to do just that. What art will you see? Well, the clue is in the name! Vegas really is teeming with dining options in all price ranges and food types, so you'll never be left wanting for a succulent steak or delicious Thai curry.
Transportation and CommutesLas Vegas has a lot of options for transportation, both public and private. RTC is one such public system that offers a bus service throughout the main city and other suburban areas in the valley. For a quick commute to the Strip from Downtown, or to reach the Convention Center or Town Square, a transit link exists called the Strip & Downtown Express. As you may expect, this service includes few stops, and is intended to ease congestion on the major traffic routes between the city's major hubs of activity. For drivers commuting into the city from outlying areas, two major interstates -- 15 and 515 -- cross over into downtown Las Vegas, making the city easily commutable. In addition, taxis are readily available for easy trips, and the city has a walkability rating that puts it at number 25 on the USA's most walkable cities.
Neighborhood GuideAs one of the country's more popular cities, Las Vegas has a host of desirable neighborhoods to live in and explore. However, due to the fact that so many people tend to visit the city for short periods of time, Las Vegas does have fewer neighborhoods than many other of the country's major cities, with only 23 to its name.
Las Vegas, NV Frequently Asked Questions
The median list price of a home in Las Vegas is $379,900.
Las Vegas is known for The Strip, but many people don't know that it also has plenty of family-friendly businesses, attractions, and neighborhoods. It was voted the second safest city in the US by Forbes.
The cost of living in Las Vegas is only 6% above the national average, making it lower than many other, larger cities.
Yes, Las Vegas participates in daylight savings, where the clock goes forward an hour. Daylight savings means there's more daylight in the evening and less daylight in the morning.