Rent to own Homes in Summerlin South, NV
Summerlin South, NV, is a small town of just under 25,000 people situated just west of the Las Vegas valley and right next to the Red Rock Canyon National Conservation Area. Summerlin South's proximity to the conservation area makes it one of the most raw and breathtakingly beautiful areas in all of Nevada. Since 1990, the planned community of Summerlin has offered award-winning schools, parks and other quality activities.
Summerlin South, NV is a great place for affordable rent-to-own homes! With a median household income of over $99,424 and a median rent of $1,949, the Summerlin South, 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 Summerlin South, 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.
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Summerlin South, NV is seeing rapid growth and Summerlin South, NV's' housing market remains not optimal with an average home price that is 106% above the 2024 national average. Summerlin South, 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 Summerlin South, NV
Median Rent in Summerlin South, NV
Top 4 Reasons to Live in Summerlin South, NV
Connect with nature! Located right next to the Red Rock Canyon National Conservation Area, Summerlin also boasts over 150 parks and nature reserves and over 150 miles of award-winning hiking and biking trails, including the Arbors Paseo Park, The Gardens Park, and The Mesa Park. Proximity to the mountains means residents can explore nature from unimaginable heights.
There is room to grow! Summerlin has over 150 neighborhoods offering unique amenities and is in a constant state of growth. Each neighborhood offers its own unique community center for dozens of recreational and social events each year. Due to its attention to community detail, the average sale price of homes for sale in Summerlin continues to grow each year. Encantrada and Starlight are two of the most up-and-coming neighborhoods in the area.
Let Them Entertain You! Summerlin boasts nine golf centers, over 150 miles of biking and hiking trails, rock climbing, and over 150 parks, as well as unique shopping and entertainment features such as the Regal Cinemas and the Wonderland Bakery. For more cultural activities, the Nevada Ballet Theatre and the Donald W. Reynolds Cultural Center have you covered. Las Vegas is only a few miles to the east and keeps Summerlin from feeling too far away from civilization. Golfing enthusiasts will also love Summerlin, as it boasts nine golfing facilities, including the Eagle Crest and Highland Falls courses.
Home Prices are Rising! The average home price in Summerlin South is well over $300,000, and homes are selling for 10 percent or more above the estimated value. As the city expands, the average home price will rise as the popularity of the town increases. Look for options including rent to own homes and apartment complexes. Compared with the rest of Nevada, homes in Summerlin South, Summerlin, and Spring Valley are worth an average of $287,000 versus $150,000.