Las Vegas Housing Market Update - June 2022

Inventory Crosses 2,000 for the First Time in 2 Years!

Although the rental and real estate markets are continuing to strongly favor landlords/sellers, for the first time in over 2 years, the market is showing signs of slowing down. June rental inventory numbers have reached levels that have not been seen in over two years, especially during the summer. In fact, the last time there were comparable inventory numbers was during the market slowdown in the spring of 2020.


In June of 2022, 2,065 rental properties were leased across the Las Vegas Valley. This is a 13.8% increase in activity from June of 2021 (1,814 properties). The number of rental properties listed in June of 2022 was 1,814. This is a 136.5% increase from June of 2021 (767 properties). The median price of rental properties across the valley in June of 2022 was $2,050/mo. This represents a 14.3% increase over June of 2021 ($1,793/mo.). The average price of rental properties in June of 2022 was $2,216/mo. This is a 11.1% increase from June of 2021 ($1,995). Additionally, this is the first time the monthly median rent has decreased since July of 2018 and the first time the average median rent has decreased since July of 2020.

Here are the key takeaways for a real estate investor in the current market:


A) Substantial continued growth in inventory numbers will continue to shift the market in favor of renters. As more inventory becomes available, renters have more options, which leads to them becoming pickier in their choice of property. This "pickiness" will be seen as a decrease in the number of applicants properties see, along with increased days on market.


B) As rental rates plateau, this will reduce how aggressive landlords and property managers can be with rental rates, especially as we head into the later and slower parts of the year. Property owners who were able to secure new leases with sizeable increases this spring and summer were the luckiest, and will enjoy an increased return on their property as the market stabilizes.


While the numbers look good, every property is unique and needs a proper market analysis to determine what the current fair market rent would be. If you are a property owner or investor and have questions about where your property fits into the current rental market, please reach out to us in-person or via phone or email.


Farmers Markets in Las Vegas!

October 7, 2025
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.

Spooktacular Fun: Halloween Traditions and the Annual McKenna Boo Bash!

September 30, 2025
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!

Why Las Vegas HOA Fees May Be More Affordable Than You Think

September 15, 2025
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