Market Conditions in 89145>Question Details

711711, Renter in 89145

have the fair market rent values gone up or down since 09.2010 in las vegas, nv.?

Asked by 711711, 89145 Thu Jan 5, 2012

are the rental rates higher or lower?

Help the community by answering this question:

Answers

7
Location, Location, Location means higher rents. Close to employment centers, close to freeway, good size yard for pets, are all getting my investment houses much higher rents. With gas prices at $4.00 a gallon, every mile further away from work and with traffic congestion will effect demand for rental housing

David Cooper. Licensed Professional Investor, 35 Years Experience
Get Your FREE List of Bargain Homes at http://www.lasvegaswinner.org
or Call +1-702-739-8820 Since 1917 Realty.
0 votes Thank Flag Link Thu Jan 5, 2012
We manage over 300 homes/condos/townhouses and have been in business here for last 20 years. We track values and prices have come down 5 to 7% due to laws of supply/demand partly due to; new laws protecting owners in foreclosue, banks working more with owners, unemployment, less people moving to Vegas. Best time to shop for rental is last two months of the year, same with buying a home. Happy New Year.

Matthew and Kim D’Ercole
One Source Realty and Management
Cell - 702.501.0973
Website - http://matthewsellslasvegas.las.mlxchange.com
0 votes Thank Flag Link Thu Jan 5, 2012
Values have overall continued to decline, but that doesn't mean that it is not a good time to buy- it's about buying at the right price. Inventory is low now- so prices might increase a bit-
It is about your goal- buy and flip or buy and hold? Which is your goal?
Web Reference: http://Mayteamlv.com
0 votes Thank Flag Link Thu Jan 5, 2012
Here's the best answer I can give you Sir or Ma'am, you need to think of any city, Las Vegas or any other, as a living organism. Some parts with thrive, some parts will decay slowly, some parts will become deceased quickly and die off, some parts will completely regenerate their dying or dead tissue. Each neighborhood through any city, but especially Las Vegas is extremely unique onto itself. Since 09.2010 there are certain neighbors I know that have gone up, many that have gone down. Across the board, Las Vegas, as an entire city, has gone down since that date, yet, also, across the board, the quality of inventory has gone down significantly and the competition for that inventory has gone up significantly. Eventually there will only be scraps for the remaining sideline, for lack of a better word, 'vultures' to pick up and prices will rise again. My website is http://www.LasVegasRealEstateConnection.com. When you are ready for a local agent to assist, please contact me, my resume is under the "About Us" sublink at the top of my homepage.



Sincerely,




James Bellile.
0 votes Thank Flag Link Thu Jan 5, 2012
It really depends on the neighborhood. There are some neighborhoods where they are up and some where they have stayed the same or gone slightly lower.
0 votes Thank Flag Link Thu Jan 5, 2012
Rents are about the same. The median size single family home was 1519 sq. ft. and rented for $1100 in Sept. 2009 and now the median home is 1574 sq. ft. and rents for $1050. Individual neighborhoods can vary slightly.
Let me kinow if you would like more detailed information.
Thank you, Kelly Stafford
Prudential Americana
702-460-6034
http://www.VegasHomeExpert.com
0 votes Thank Flag Link Thu Jan 5, 2012
I didn't track rent in 2009, but from 2010 to now median rents have been effectively unchanged at around $1100 in the MLS. Apartments run lower.
0 votes Thank Flag Link Thu Jan 5, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer