A 10 Year Review of Las Vegas Real Estate

Investment Housing Trends in Las Vegas 2021-2022

A report compiled from Rice Real Estate data back in 2011 showed Las Vegas as one of the top U.S. Cities for Investor Property Cash Flow. Investing in Las Vegas met and sometimes exceeded the 1% Rule. A single family residence could be purchased for $125,000 and rent for $1,250.

What is the 1% rule?

In general, all you need are two numbers to evaluate whether an investment property will sufficiently cash flow or not: the price of the property and the rental income you will receive each month.

If the monthly rent is around 1% of the purchase price then you are pretty much guaranteed a positive cash flow rental property.

"Las Vegas no longer Exceeds The 1% Cash Flow Rule. Currently Las Vegas has investment properties average between $350,000 and $600,000 and get $1695 - $3000 per month"
Heidi Rice Property Manager
Heidi Rice
Property Manager

The Las Vegas Real Estate Market in 2016

Even with the increased prices it has been decades since investors have seen these types of returns on residential real estate investments. Back in 2016 statics provided by the Greater Las Vegas Association of REALTORS® (GLVAR) show many savvy investors already know how strong the Las Vegas market can be for real estate investment. Former GLVAR President Rick Shelton, a longtime local REALTOR®, said “the percentage of local homes purchased with cash in 2016 held steady at 45.9 percent, just shy of record levels. This suggests investors continued to see value in buying local real estate at bargain prices”, he said.

The Las Vegas Real Estate Market Now

Californians have flocked to neighboring states like Nevada which is among the fastest growing in the country. Few places have been as affected as Henderson, whose population surged 20% in the last decade to more than 300,000, pushing it past Reno to become Nevada’s second most populous city. Fifty-six percent of new arrivals in Henderson between 2013 and 2017 were from California, according to Nevada Department of Motor Vehicles data. Home sales in many of the city’s master-planned communities have been dominated by migrants from the West.

At the 1,300-acre Luxury MacDonald Highlands in the bluffs overlooking Las Vegas, Californians accounted for about 70% of luxury purchases and rentals in 2020, compared with 30% 20 years ago, said Rich MacDonald, the developer. He said he began increasing the share of his marketing targeting Californians over the past three years after seeing the run-up in housing costs there. There is an increased demand for high end property management and luxury rental properties in Henderson.

35+ Years Combined Experience

Meet the Owners

We started Rice Real Estate in 2010 with one ultimate goal: to provide reliable, high quality & personalized management services.

Whether you’re buying, selling, or looking for full service property management we will put our experience to work and drive your profitability.

Heidi Rice

Heidi Rice

Property Manager & Broker PM.164747 | B.1000740
Mark Rice

Mark Rice

Owner & Real Estate Agent BS.143525
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We have a strong commitment to technology. From a completely digital application process to online payments, online service requests, and appointment scheduling by text, renting with us is as simple as a click of a button.

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Why Hire Us?
Fast Leasing
We manage with an Owner's mindset. We work hard to quickly turn properties over and place quality tenants. Our average days on market is 10 days.
Quality Applicants
The best applicants rent our houses in Vegas & Henderson. By utilizing our proprietary screening process we have never had to evict a Tenant screened by us.
Responsive
Less than 4 hours for Owners and less than 8 business hours for Tenants. We are available via phone, email, text, WeChat, Facebook and in-person.
High Resident Retention
We earn consistent lease renewals, and have fewer turnovers, with happy residents. Our rental experience is top notch and fits the lifestyle of today's busy tenant.
Commitment to Technology
From a completely digital application process to online payments, online service requests, and appointment scheduling by text, renting with us is as simple as a click of a button.
24/7 Emergency Support
Questions, issues, emergencies... we’re here to take care of Residents 24 hours a day, 7 days a week. We pride ourselves on fast maintenance responses.

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Years Experience

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Owner FAQs

Our Owner FAQ section was designed to help navigate some of the questions that come up in property management.

Onboarding and marketing of property

Pricing

Our firm has crafted a culture designed around full transparency, reliable communication, and technology.

Rice Real Estate Property Management Service Area

Areas We Serve

We are selective when it comes to new partnerships in to provide the highest level of attention to each Owner