Las Vegas Rental Market: Signs of Strength Amid Mixed Predictions
The Las Vegas rental market has been the subject of conflicting reports lately—some headlines suggest a rebound, while others caution that rents may remain flat or even decline due to the amount of rental inventory. However, at McKenna Property Management, we’ve been tracking a clear upward trend since January, and the numbers tell a promising story.
Our renewal rents have seen on average a steady 3% increase, and we’re optimistic that this number could inch closer to 5% as the year progresses. Additionally, we’re seeing more properties successfully re-enter the market with an average day on market being less than 24, further supporting the idea that demand remains strong. Las Vegas continues to attract people to move here.
Of course, outliers exist, but I personally haven’t had to make too many of those dreaded calls to owner/clients recommending a rent reduction. In most cases, rental rates are holding firm or improving—a positive sign as we move further into 2025.
While market conditions can always shift, the overall outlook remains favorable, and we’re keeping a close eye on trends to ensure our owners stay ahead of the curve. Stay tuned for more updates as we continue navigating this dynamic market!
Jenni McKenna | B.29819 — McKenna Property Management
Las Vegas might be known for its bright lights and endless buffets, but there’s another side to the city—one filled with fresh produce, artisan goods, and local charm. Whether you’re a foodie, a weekend wanderer, or just someone who loves supporting small businesses, the farmers markets around town are worth adding to your weekend plans. Downtown Summerlin Farmers Market is one of the most popular stops. Every Saturday, the Pavilion fills up with stalls offering colorful produce, homemade breads, and local honey. It’s a great way to kick off your weekend—especially if you follow it with brunch or shopping at the surrounding stores. Over in Henderson, The District at Green Valley Ranch hosts its own market on Thursdays. It’s a relaxed midweek option with a nice mix of fresh goods and handmade crafts. If you’re nearby, it’s the perfect excuse for a stroll under the trees and maybe a coffee from one of the local cafés. A newer addition to the scene is The UnCommons Farmers Market , held every Sunday. This modern, walkable community brings together local growers and makers in a trendy setting that feels more like a neighborhood festival than a typical market. Think small-batch jams, fresh flowers, and a few friendly pups in tow. If you’re looking for variety, Fresh52 Farmers & Artisan Markets pop up all over the valley—from Skye Canyon and Southern Highlands to Floyd Lamb Park. Each location has its own local flavor, but all share the same goal: connecting locals with farm-fresh produce and handcrafted goods. For a more immersive experience, head to The Las Vegas Farm . Open every weekend, this working farm offers local produce, fresh eggs, and even the chance to meet a few friendly animals. It’s a family favorite and a reminder that Las Vegas is more than desert—it’s also a growing community of local producers. No matter where you go, here are a few quick tips: arrive early for the best selection, bring a reusable bag (and a little cash), and take a moment to chat with the vendors. Many are small family operations happy to share recipes, storage tips, and what’s coming into season next. Exploring farmers markets in Las Vegas is a refreshing reminder that community thrives here, even in the middle of the desert. Whether you’re picking up ingredients for dinner or simply soaking in the atmosphere, each market offers a little taste of local life—Vegas style.
Halloween is a time for spooky fun, creative costumes, and sweet treats—a holiday that brings communities together in celebration of all things eerie and festive. From carving pumpkins and trick-or-treating to attending costume parties, Halloween traditions have evolved over centuries, blending folklore, community spirit, and a love for all things playful and mysterious. Here at McKenna Property Management, we’re excited to carry on the tradition in our own way with our Annual McKenna Boo Bash ! This year, we’re inviting everyone to join us at our office on October 31st from 1:00 PM to 4:30 PM for a fun-filled celebration. Here’s what you can expect at the Boo Bash: Costumes Galore: Our team will be decked out in creative costumes, and we encourage visitors to come dressed up too! However, it is not required! Prizes for Everyone: This year, we will be awarding prizes to add an extra layer of excitement. Spooktacular Office Decor: Our offices will be transformed into a Halloween wonderland, full of festive decorations and surprises. Candy for All: No Halloween event is complete without treats—come grab some candy and enjoy the sweet side of the season. Halloween is all about community, creativity, and a little bit of magic, and the McKenna Boo Bash is our way of celebrating the season with our neighbors, clients, residents, and friends. Whether you’re stopping by to show off your costume, enjoy some candy, or just soak in the festive atmosphere, we can’t wait to see you! Mark your calendars for October 31st from 1:00 PM to 4:30 PM , and join us for a fun, safe, and memorable Halloween right here at McKenna Property Management—where the spirit of the season comes alive!
What Do HOAs Do and Why They Matter Homeowners associations (HOAs) manage common areas, enforce neighborhood rules, and provide amenities like pools, clubhouses, and security. While they require monthly fees, benefits often include better-maintained neighborhoods, enhanced amenities, and stronger property values. In Las Vegas, HOA coverage is common and rising. According to Realtor.com® - by early 2025, 77.1% of listings had HOA fees , with a median of $118 , making Las Vegas one of the cities with the highest prevalence of HOA-managed homes—but still relatively affordable compared to places like Edwards, CO ($525) or North Port-Sarasota-Bradenton, FL ($310). This places Las Vegas seventh nationally for the prevalence of HOA-controlled listings. While the city has a high rate of HOA-managed properties, the $118 median monthly fee is comparatively low. HOA fees vary based on: Location & Amenities Home Type: Condos typically cost more than single-family homes. Rising Costs: Inflation and underfunded reserves can lead to sudden increases. Bottom Line: Understanding HOA fees in Las Vegas helps homebuyers budget effectively and avoid surprises. Despite the high prevalence of HOA-managed properties, Las Vegas remains more affordable than many other metro areas! Source: Realtor.com, Homeowners Associations 2024
