Thanks to an influx of new casinos, hotels, and businesses plus a growing cannabis industry, investors can reap serious profits from property management of Las Vegas real estate. While there is no shortage of properties for sale in the city, certain areas command prime prices due to their location and livability. Diversify your portfolio. Level up your real estate career by buying residential assets from three of the best neighborhoods in Las Vegas.
Best Las Vegas Neighborhoods for Real Estate Investments
In the 2018 Neighborhood Housing Index conducted by ATTOM Data Solutions, Las Vegas ranked high, with 41 neighborhoods snagging A or B ratings. The ratings indicate excellent scores in education, affordability, home price appreciation, property taxes, crime rates, and unemployment rates.
According to the results, here are three of the best neighborhoods in Las Vegas for real estate investments:
This upscale neighborhood is part of the popular Henderson area, located on the southeast side of the city. It’s near the Sloan Canyon National Conservation Area, the M Resort, and the new Raiders practice stadium. Aside from being an excellent choice for real estate investments in general, two of Anthem’s retiree communities also made the best-of list.
The median home price in Anthem is upwards of $500,000 with a 7.4% return in investment for Las Vegas real estate agents and sellers. Profits from flipping houses stand at $24,000 on average. Schools in the neighborhood collectively score 4.5, which is well above the average within the whole Las Vegas valley.
- The Lakes
Another posh neighborhood, this time west of the famous Strip. The community is only two square miles, but it’s teeming with luxurious estates, beautiful single-family homes, condominiums, and businesses. Everything is nestled amid lush greenery near the Lake Sahara.
Purchasing property at The Lakes is a smart move due to several factors:
✔ Median home price hits mid $300, 000
✔ Average ROI is 26% for those planning to sell in the future
✔ Flippers profit at about $55, 000 on average
- Elkhorn Springs
Situated within Centennial Hills, Elkhorn Springs can be found northwest of Las Vegas. Mid-sized homes dominate its housing market, but there are also lofts, townhomes, and condos available. The neighborhood is only minutes away from various amenities, such as green neighborhood parks, casinos, shopping malls, and highly rated schools.
Average ROI for Elkhorn Springs stands at 6.5%, while flippers typically make $16, 000 in average profit. Stable in the mid $200, 000, median home price is more affordable than upscale neighborhoods, especially for those just starting out in property management of Las Vegas homes.
Find the Best Properties in Las Vegas
Real estate investors are always racing to find the best residential, commercial, and cannabis real estate in NV state and Las Vegas. Get ahead of the competition by seeking help from an experienced Las Vegas property management company.
Real estate experts can guide you toward prime properties to buy or manage, negotiate great prices for sellers, and help you find your dream home and neighborhood. Get prime real estate in one of the most coveted cities in the world to work and live in.