With living costs and rent prices beneath the national average, Las Vegas is quickly becoming a notable destination for relocation. Most widely known for being “Sin City” and home of the world famous “Strip”, there is far more to Las Vegas than casinos, parties, and slogans. While the tourist industry is a major economic fuel for the growth of Las Vegas, this city is now also host to a rapidly growing art scene, a start-up tech culture, and beautiful planned communities. Due to the high level of amenities, rapid economic growth, and below average rent prices, Las Vegas was chosen as a featured US city for high quality of amenities paired with affordable living.
This week, we take a look at this unique and growing desert city. Dive into the stats and find out which neighborhoods are taking the spotlight.
There truly is more to Las Vegas than flashy lights and neon signs. If your only knowledge of Vegas has been a destination party spot, take time to get to know this diverse city of varied neighborhoods and a growing local culture.
If you haven’t heard, Las Vegas is quickly becoming a hub of civic technology. With the new Innovation District in downtown Las Vegas, the city is pushing to focus on the future with automated vehicle testing, real-time data analytics, and an aim for being the test bed for innovations and improvements. With an increasing number of tech start-ups calling downtown Vegas home, this city is perfect for those who want to be part of innovation without the high price tag of Silicon Valley.
For those who love the outdoors, there are hundreds of trails to explore and countless rocks to climb. With warm temperatures year-round, residents enjoy recreational opportunities in nearby locations. The hottest month is July, with average temperatures above 100. Although this desert city heats up during the summer, it enjoys the perfect winter climate with the coldest average temps in December hovering in the mid to upper 50’s.
The Red Rock Canyon National Conservation Area, known as “Red Rocks” to locals, is one of the most beloved outdoor recreation areas. With rock climbing, hiking, biking, and camping, this stunning landscape will keep nature fanatics occupied year round.
When the summer heat does hit, locals head to Mt. Charleston. Only 45 minutes away from Las Vegas, this stunning peak towers over the desert at 11,916 feet. Not only does Mt. Charleston provide a great location for summer hiking and an escape from the heat, it is also a host to an array of winter activities. For those who love skiing and snowboarding, Mt. Charleston’s ski area will be a wintertime favorite.
Perfect For: Millennials & Art Enthusiasts
Before the Strip was Downtown Las Vegas. While tourists may refer to the area as “Old Las Vegas,” locals know it as DLTV. This neighborhood is an eclectic mix of historic casinos and crazy attractions. While some of the area still carries a tourist vibe, the Downtown neighborhood offers far more to explore off the beaten track. Well known for the Fremont East District, there is something for every taste in Downtown. The Fremont area is host to entertainment venues, bars, restaurants and unique attractions. Push past this kitschy front, though, and you will find revitalization is pouring into DLTV.
The focus of revitalizing this neighborhood is to create an urban environment where new businesses can thrive alongside the history of the city. From tech start-ups to brand new murals and art pieces, DLTV is being born again through the help of investors and the Downtown Project. Due to the forward progression of this area, this neighborhood is quickly gaining the attraction of young millennials who are looking for a unique community paired with affordable rent prices.
Downtown is also home to the Las Vegas Arts District, also known as 18b, a reference to the 18 block zone set apart for art galleries, boutiques, antique shops, hair salons, and more. The Arts District hosts the First Friday event, a monthly celebration of creativity and culture.
Downtown is the perfect location to take part in for young professionals and art enthusiasts. With one bedroom rentals averaging at only a little over a grand a month, this downtown district is more affordable than similar big-city counterparts. Land a job at one of the many thriving tech start-ups and enjoy the easy walkability of this eccentric and diverse neighborhood.
TurboTip: Looking for a unique experience? Check out the Downtown Container Park in Fremont East. Shipping containers stacked on top of each other create stores, restaurants, bars, and entertainment venues. A fire-breathing praying mantis will greet you upon your arrival.
Perfect For: Outdoor Enthusiasts, Families & Retirees
With over 150 parks and access to the nearby Red Rock National Conservation Area, Summerlin North attracts outdoor enthusiasts and those looking for a quieter version of Vegas life. This suburban neighborhood is a planned community with golf courses, resorts, restaurants, and shopping galore. Families will benefit from the two dozen plus private and public schools as well as the specialized higher education facilities located in the community.
Off the beaten tourist track, this community focuses on elegant and high-quality lifestyles. With state-of-the-art community centers, trails connecting the entire planned community, and its own charming downtown, Summerlin is the perfect place to relocate if you want to enjoy the natural beauty of the area complete with luxury amenities.
TurboTip: Want to check out the Red Rock National Conservation Area trails? Not only can you hike them, you can also tour the trails by horseback. Exploring these trails will give you a one-of-a-kind view of the city below.
If you are interested in relocating to Las Vegas, the low cost of living will allow you to pick a rental property in the part of town you love the most. Far more than a simple tourist town, Las Vegas continues to thrive economically. For landlords looking to invest in rental properties, Vegas provides affordable real estate options with a continued trend of upward growth. We are proud to serve landlords and tenants alike in this desert oasis.
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