Las Vegas has a total population of 641,676 and 52.10% of the population own their home. 47.90% of the occupied housing units are renters within the Las Vegas metro area. The median gross rent from 2014 - 2016 was $985. Today, the rental rate has risen -2.64% from 2016. Residents tend to be more long term with 78.30% staying in their residence for more than 1 year. For those who own a home, the median value of the house is $184,900.
The average rental rate for all rental properties within Las Vegas is $959. The rental rates by bedrooms is as follows. A studio is$640, a one bedroom is $858, a two bedroom is $1,028, and for three bedrooms, the rental rate is $1,199. The average sq ft for a rental unit is 938 sq. ft. With 3 bedrooms being about on average 1,239 sq. ft.
By neighborhood, the average rental rates in Las Vegas are as follows:
Southridge - $701
Showboat - $701
Mayfair - $701
John S. Park - $701
Huntridge Park - $701
Hillside Heights - $701
Francisco Park - $701
Crestwood - $701
Beverly Green - $701
Stewart Place - $747
Gateway District - $762
Arts District - $774
Westleigh - $795
Scotch Eighty - $795
Rancho Sereno - $795
Quail Estates West - $795
Meadows Mobile Home Park - $795
McNeill Estates - $795
Glen Heather Estates - $795
Artesian Heights - $795
The total population under the age of 18 is 30.40%. While those over 65 is 13.90%. Women make up 50.00%, while men make up the remaining 50.00%. 64.00% of the population is White, 32.20% is Latino and 11.80% African American.
Education and Economy
16.8% of the population in Las Vegas is considered to be at the poverty level. The education level is rather high with 83.50% with a high school degree or higher. The median annual household salary for Las Vegas is $50,882 with 49.44% of all businesses within the city being owned by men, while 38.35% are owned by women and 37.28% of businesses are minority owned.
When you think about Las Vegas, the first thing that comes to mind is Gaming and Tourism. The primary drivers of the Las Vegas economy have been the confluence of tourism, gaming, and conventions which in turn feed the retail and dining industries. The city serves as world headquarters for the world's two largest Fortune 500 gaming companies, Harrah's Entertainment and MGM Mirage. Several companies involved in the manufacture of electronic gaming machines, such as slot machines, are located in the Las Vegas area. In the 2000s retail and dining have become attractions of their own. Tourism marketing and promotion are handled by the Las Vegas Convention and Visitors Authority, a county wide agency.
Las Vegas City Information
Las Vegas is the biggest city in Nevada and an internationally renowned mecca of gambling, shopping and fine dining. Las Vegas, which bills itself as The Entertainment Capital of the World, is famous for the number of casino resorts and associated entertainment. In 2008, the estimated population of the Las Vegas metropolitan area was 1,865,746.
Las Vegas is a desert city that enjoys nearly year round sunshine. Las Vegas has an average of 300 sunny days per year. The summer months of June through September are very hot and mostly dry with average daytime highs of 94 to 104 degrees. Las Vegas' winters are of short duration and the season is generally mild, with daytime highs near 60 degrees. Annual precipitation in Las Vegas averages about 4.5 inches.
Culture and Living
The major attractions in Las Vegas are the casinos and the hotels. The most famous hotel casinos are located on Las Vegas Boulevard on the portion of that world famous road known as the Las Vegas Strip. These larger casinos are located outside of the city. Many of these hotels are enormous, providing thousands of rooms, with their large adjoining casino areas. There are many hotel casinos in the city's downtown area as well, which was the focal point of the city's gaming industry in its early days. Several large hotels and casinos are also located somewhat off the Strip, as well as in the county around the city.
Some of the most notable casinos involved in downtown gaming are on the Fremont Street Experience which was granted variances to allow bars to be closer together, similar to the Gaslamp Quarter of San Diego.
On the first Friday of each month, the First Friday celebration is held which exhibits the works of local artists and musicians in a section of the city's Downtown region now called the "Arts District". The Thursday prior to First Friday is known in the 18b Arts District as Preview Thursday. This evening event highlights new gallery exhibitions just opening throughout the district. The Southern Nevada Zoological Botanical Park, also known as the Las Vegas Zoo, exhibits over 150 species of animals and plants. The 485 million dollar Smith Center for the Performing Arts (currently under construction) will be located downtown in Symphony Park. The center will be appropriate for Broadway shows and other major touring attractions as well as orchestra, opera, and dance performances.
Colleges and Universities
The University of Nevada, Las Vegas (UNLV) is in Paradise, about three miles south of the city limits and roughly two miles east of the Strip. The University of Nevada Medical School has a campus near downtown Las Vegas. Several national colleges, including the University of Phoenix, have campuses in the Las Vegas area. Nevada State College and Touro University Nevada are both in nearby Henderson. The College of Southern Nevada has campuses in Las Vegas, North Las Vegas and Henderson. Henderson also is home to DeVry University and the Keller Graduate School of Management, as well as the University of Southern Nevada. Other private entities in the Las Vegas Valley include Apollo College, National University, ITT Technical Institute. If you are a student and you need student housing.
RTC Transit is a public transportation system providing bus service throughout Las Vegas, Henderson, North Las Vegas and other suburban areas of the Las Vegas valley. Intercity bus service to Las Vegas is provided by traditional intercity bus carriers, including Greyhound; many charter services, including Green Tortoise; and several Chinatown bus lines. Amtrak California also operates Deluxe Express Thruway Motorcoach dedicated service between the City and its nearest passenger rail station in Barstow, California. A new bus rapid transit link in Las Vegas called the ACE Gold Line (a bus route with limited stops and frequent service) was launched in March 2010, and connects Downtown Las Vegas, the Strip, the Las Vegas Convention Center, and Town Square.
McCarran International Airport handles international and domestic flights into the Las Vegas Valley.
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