Las Vegas, a city established in 1905. Las Vegas is located in Clark County in the State of Nevada, USA. The area is about 130.0 square miles with a population of approximately 600 thousand. Las Vegas is very famous as the capital of gambling and is most often referred to as the ‘Entertainment Capital of the World’ for its gambling bonanza and exceptional entertainment. It is also known as the ‘Sin City’ for the extraordinary adult entertainment, 24x7 availability of alcoholic beverages and gambling. Incidentally, Las Vegas is also known as ‘The City of Lights’. The most important pillars of the economy in Las Vegas are gambling, tourism and entertainment. Retail and dining are also very important.

Las Vegas Real Estate

Las Vegas being one of the greatest tourist attractions in the world, investment in real estate is very lucrative. There is a wide variety of choice from regular single family homes to exceptional luxury high rise townhouses and condominiums. The average price starts at US $ 400,000 and sky is the limit. The best deals you would get from buying apartments because the lack of land has made Las Vegas grow vertically more than horizontally.

For people who want to buy real estate for less, there is a choice for property available outside of downtown of Las Vegas. The fact that housing properties are fast appreciating makes this an exceptionally lucrative business as well.

How to rent or buy

Today housing both for rent and sale is in high demand mostly owing to the strong economy and exceptionally flourishing tourism business. The rent cost is around US $500 -1000 for a regular home, but it is on the rise. The cost of a house in Las Vegas is between US $150,000 and 15 million. However, you could expect the price of a regular house to be close to US $300,000.

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