Las Vegas • Henderson • Paradise
Median Home Price
Up 86.1% since 2011
Down 1.8% since 2014
Up 14.4% since 2011
Rents Are On the Rise in The City of Lights
AKA: The Entertainment Capital of the World, Sin City, City of Lights, America’s Playground
Population: 2,114,801 • Average days on market: 20 • Average gross yield: 7.3%
# of Building Permits in 2015: 10,605 • Employment Growth to Building Permits Ratio in 2015: 4.7%
Drivers: Las Vegas was voted in the top 50 on WalletHub’s 2016 Best Large Cities to Live In. It ranked #2 on the Best Cities for Recreation, no surprise since it’s home to the infamous Las Vegas Strip and some of the most extravagant and luxurious hotels in the world.
Leading industries: Las Vegas’ economy is dominated by the food services and hospitality industries. However, the retail, healthcare and administrative services industries assist in fueling the economy. Vegas is home to two company headquarters in the Fortune 500: MGM Resorts International and Caesars Entertainment.
Notable mentions: As you may have guessed, Las Vegas is a global leader in the hospitality industry. Home to more AAA Five Diamond hotels than any other city, the world-renowned Las Vegas Strip attracts tourists from all over the world. It consistently ranks as a top tourist destination.