Las Vegas
Las Vegas
Average home price (2011): $130,100
Projected home price (2014): $120,000
Gross rent (2011): $922
Projected gross rent (2014): $966

Las Vegas has the highest foreclosure rate in the nation -- and many of those former homeowners now rent.

"Much of the large workforce in the casino industry consists of renters; the home ownership rate is a low 55%," said Winzer.

While the rental market in Sin City remains robust, rents have been squeezed, falling about 10% since 2007.

Part of the problem is unemployment, which reached 12.4% in May, one of the highest rates of any U.S. metro area.

Winzer expects the rate to fall gradually and that should mean rents will start climbing again. All told, he forecasts Las Vegas residential investment properties will yield returns that are 4.7% above the national average.



Last updated July 12 2011: 10:25 AM ET
Join the Conversation
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.