With so many people moving to Las Vegas and that trend expected to continue, Southern Nevada real estate is in high demand. Purchasing a rental property may be a smart investment to capitalize on the city’s growth and housing needs. However, where your rental property is located can have a significant impact on your rental income, tenant pool, and overall rental property investments.

What Las Vegas neighborhoods are best for rental properties? Where can you make the most return on your rental property investment? Our Las Vegas property management experts break down popular Southern Nevada communities and why you might consider those areas for your next rental property investment.

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Henderson

Henderson, NV, is the neighboring city to Las Vegas and a popular area to live and work in. As the second largest city in Nevada, it has its own utilities, police department, mayor, and city council that are separate from Las Vegas. Additionally, Henderson neighborhoods consistently rank as the best places to raise a family in Southern Nevada. Because of this, properties tend to hold their value well, making Henderson a great choice for rental property investments.

People who live in Henderson may prefer a quieter lifestyle in planned communities without being too far from famous Vegas landmarks. It is located in the southeast area of Southern Nevada, making it easily accessible from the I-215 and I-515/I-11 freeways.

Henderson Highlights

• Good public schools
• Eight championship golf courses
• Historic Water Street District
• 180 miles of hiking and biking trails
• Ethel M Chocolates
• The District at Green Valley Ranch

Summerlin

Summerlin is a highly sought-after area on the west side of Las Vegas for many reasons. Its beautiful neighborhoods and abundance of things to do make it a good choice for families, young professionals, retirees, and people new to Las Vegas. In addition to established Summerlin communities, plenty of new home construction is in the works. Summerlin has become a popular choice for rental property investments.

Downtown Summerlin offers walkable shopping, dining, and entertainment options. You are also close to outdoor activities, with more than 250 parks and 150 miles of trails in the Summerlin area. Many residents also appreciate that they are only 15 to 20 minutes from the Las Vegas Strip and Harry Reid International Airport (LAS).

Summerlin Highlights

• Downtown Summerlin
• Las Vegas Ballpark
• Red Rock Canyon National Conservation Area
• Bocca Park
• Tivoli Village
• 10 golf courses

Spring Valley

If you are looking for an investment closer to the Las Vegas Strip, Spring Valley may be your neighborhood. Only a couple of miles west of the resorts and casinos on the Strip, this area is home to a diverse population of locals who appreciate a faster pace and city accessibility.

Spring Valley residential properties range from luxury apartments to single-family homes, including master-planned neighborhoods, condos, townhomes, and retirement communities. You will also find small businesses and convenient retail options throughout the area. Given its location, a rental property in Spring Valley may be a good vacation rental property investment or home for busy professionals.

Spring Valley Highlights

• Las Vegas Chinatown district
• Desert Breeze Park
• Durango Casino & Resort
• Rhodes Ranch Golf Club
• Southern Hills Hospital and Medical Center
• Minutes from Las Vegas Strip attractions

Centennial Hills

Nestled in the northwest corner of Las Vegas, the Centennial Hills neighborhood is known for newer single-home communities, beautiful views of the nearby mountains, and convenient access to other parts of the city. Using the I-215 and 95 freeways, you are only minutes away from Summerlin, North Las Vegas, and Lone Mountain.

While Centennial Hills is a little further from the Las Vegas Strip than other neighborhoods, it is ideal for families who want some distance from the hustle and bustle of the city. The area has everything you need for a high quality of living, including shopping, restaurants, schools, parks, community events, and more.

Centennial Hills Highlights

• Floyd Lamb Park
• Gilcrease Orchard
• Centennial Hills Hospital
• Santa Fe Hotel & Casino
• Mountain Ridge Skatepark
• Borders the Las Vegas Paiute Reservation

North Las Vegas

Like Henderson, North Las Vegas is its own city that offers unique experiences outside of Las Vegas. The city is home to a diverse community of families, retirees, veterans, and young people who are looking for affordable housing options in Southern Nevada.

The cost of living in North Las Vegas is generally lower than in other parts of Southern Nevada. However, newly constructed homes and apartments, more family-friendly activities, and convenient access to the freeways have increased interest in this area. A rental property investment here may appeal most to families wanting to stretch their budgets.

North Las Vegas Highlights

• Nellis Air Force Base
• Las Vegas Motor Speedway
• Aliante Nature Discovery Park
• Tule Springs Fossil Beds National Monument
• Cannery Casino Hotel
• Aliante Casino Hotel Spa

Enterprise

The unincorporated town of Enterprise is an up-and-coming area where new construction is rapidly expanding the city. It lies on the southern end of Las Vegas, bordering Spring Valley, Paradise, and Henderson, NV. Families are flocking to this neighborhood for the intuitively designed communities, easy access to the I-15 and I-215, and newer city amenities.

If you are considering Enterprise for your next rental property investment, many of the new homeowners’ associations (HOAs) may have restrictions on renting out homes. Check with the HOA governing documents and bylaws to get a better understanding of these rules before investing.

Enterprise Highlights

• Mountain’s Edge Regional Park
• Silverton Casino and Aquarium
• Speed Vegas Supercars and Go-Karts
• Combat Zone Paintball
• South Point Hotel Casino & Spa
• Las Vegas South Premium Outlets

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Reasons to Invest in a Las Vegas Rental Property

The Las Vegas real estate market holds significant potential for rental property investors. With the opportunity for long-term profits, here are reasons to consider Las Vegas for rental home investments:

• Strong housing market
• High rental demand
• Low property taxes
• No state income tax
• Popular tourist destination
• Affordable cost of living
• Continued economic growth

A Trusted Partner for Your Rental Property Investments

If you plan on purchasing a rental property in Las Vegas or Henderson from out of state, an experienced property manager can help you yield the highest return on your rental property investments. At Black & Cherry, we handle advertising, marketing, tenant screenings, maintenance requests, rent collection, and more!

With thousands of homes managed, we specialize in leasing and Las Vegas and Henderson property management with no hidden fees. Our team is dedicated to saving property owners money while providing excellent service and cutting-edge technology. Contact our team to schedule a consultation and learn more about our services.