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Las Vegas Rental Statistics by Area - and Area Map 07/2008

Now that investors are back in the market buying homes to hold and rent, I've been getting quite a few questions about the current state of our rental market here in Las Vegas, North Las Vegas, and Henderson.

The goal of many of the investors are to get the best possible cap rate now, while acquiring the most promising properties for future gains, through long term appreciation.  Therefore, I will do everything I can to provide the information and the tools for those clients to make their own educated decisions and predictions.   

The following rental statistics are all median values on single family detached homes and patio homes leased within the last 12 months.  They are between 1400 to 2800 square feet, built after 1996, without pools and without furniture.  Age restricted communities have not been included in these stats.

Area Square Feet Rented Price RP/SqFt Days on Market Listings Rented
           
101 1575 $1,195.00 $0.68 48 23
102 1894 $1,300.00 $0.70 26 367
103 1848 $1,250.00 $0.68 31 881
201,202,203 1602 $1,150.00 $0.69 40 65
204 1672 $1,200.00 $0.71 37 202
303 1737 $1,300.00 $0.77 24 428
402,403 1754 $1,295.00 $0.72 22 34
404 1845 $1,450.00 $0.79 23 324
405 1790 $1,275.00 $0.71 32 426
502 1878 $1,400.00 $0.78 23 265
503 1719 $1,300.00 $0.73 22 233
504 1812 $1,295.00 $0.72 26 514
505 1884 $1,300.00 $0.71 27 443
601,602 1765 $1,395.00 $0.79 19 90
603,604 1830 $1,325.00 $0.74 34 72
605 1780 $1,350.00 $0.77 25 109
606 1940 $1,500.00 $0.80 26 345

** GLVAR Deems Information Reliable, But Not Guaranteed **

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Comment balloon 3 commentsDamon Botticelli • July 16 2008 12:45AM

Comments

VERY NICE report Damon good job!

Posted by Chris Miller Nevada Land with Water Rights, Land with Water Rights For Sale (Vegas Grand Realty and Property Management) almost 9 years ago

Thanks, Chris

Posted by Damon Botticelli, Realtor - Las Vegas Real Estate (Silver State Realty & Investments) almost 9 years ago
Interested in rental and luxury bank owned property's--Tyrone Hauff referred me.
Posted by Brian hauff almost 8 years ago

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