Las Vegas Housing Market Update - April 2022

The Market Is Still Hot!

The Las Vegas real estate and rental market has been on fire since mid-2020. While rental inventory levels are finally beginning to return to pre-pandemic levels, rental rates are still increasing across the valley.


In April of 2022, 1,942 rental properties were leased across the Las Vegas Valley. This is a 1% decrease in activity from April of 2021 (1,961 properties). The number of rental properties listed in April of 2022 was 1,252. This is a 63.9% increase from April of 2021 (764 properties). The median price of rental properties across the valley in April of 2022 was $1,955/mo. This represents a 17.1% increase over April of 2021 ($1,670/mo.). The average price of rental properties in April of 2022 was $2,182/mo. This is a 20.6% increase from April of 2021.

All of these numbers aside, there are two key takeaways:


A) With rental inventory increasing, you may begin to see less applicants on a given property. However, we are about to enter the summer, which is typically the busiest time of year in the rental industry. Inventory numbers should come down, while demand increases. This seasonal increase in demand will more than likely counter the increased supply.


B) Rental rates are continuing to increase and owners still have time to take advantage of the hot market. If a rental property is due for a renewal or is going vacant in the next few months, owners have the opportunity to be more aggressive with rent increases. If you pair the busy season, summer, with a market in these conditions, you have a recipe for a more profitable rental. Please be advised, due to Nevada State Law, if the lease has not yet expired, owners cannot make any changes to the current rental rate.


If you are an owner and you have questions about where your property fits into the current market situation, please feel free to reach out to us in-person or via phone or email. 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.

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

Las Vegas Ranked #9 for Diverse Food Scenes in the U.S.

September 8, 2025
When people think of food diversity in America, their minds usually go straight to New York City. But according to a recent study highlighted by the esteemed culinary school, Escoffier, the Big Apple doesn’t take the top spot. Instead, San Francisco claimed first place — praised for its bustling variety of cuisines and holding the title for the highest density of restaurants per capita among major U.S. cities. What’s even more exciting for us locals? Las Vegas earned the #9 spot on the list of the most diverse food cities in the country. Why Vegas Stands Out Las Vegas may be known worldwide for its neon lights and entertainment, but the dining scene is what keeps both tourists and residents hungry for more. From celebrity chef–driven restaurants on the Strip to hidden neighborhood gems serving authentic global flavors, Vegas has transformed into a true culinary destination. While seven of the top 10 cities named in the study were coastal (a trend Escoffier notes is tied to cultural diversity and a robust restaurant scene), Las Vegas proves that you don’t have to sit on the coast to experience world-class variety. Our city thrives on international influence — with dining options that range from Korean barbecue and Italian trattorias to Thai street food, upscale steakhouses, and plant-based fine dining. A Foodie Destination on the Rise Being ranked in the top 10 isn’t just a nod to the Strip’s luxury restaurants, but also to the everyday spots that locals love. With new eateries opening regularly, the Vegas dining scene continues to evolve and surprise. So, whether you’re a longtime resident or just visiting, Las Vegas offers something for every craving — proving once again that this city is more than just an entertainment capital. It’s a place where cultures, flavors, and creativity come together to make the dining experience as dynamic as the city itself.

The Power of Gratitude in Building Strong Business Relationships

September 3, 2025
In business, one truth always stands out: no one succeeds alone. Whether you’re running a small business or managing a large organization, your success is built on the connections you make. And one of the simplest yet most impactful ways to strengthen those relationships is through gratitude. At McKenna Property Management, we’ve made gratitude a core part of our culture from the very beginning. Our owner and broker, Jenni McKenna, personally hand-delivers gifts to some of our VIP agents every single month . While it may sound like a small gesture, it makes a big difference. These thoughtful touches show our VIP Agents how much we value their trust in us, collaboration, and hard work. But it’s not just about the gifts. Gratitude comes in many forms—thank-you cards, handwritten notes, or even a quick phone call to say “we appreciate you.” What matters most is the consistency and authenticity behind the gesture. Over the years, these small acts of appreciation have helped us build trust, loyalty, and long-lasting relationships that go beyond a simple business transaction. By showing genuine appreciation, we’ve created strong bonds with clients and agents alike, and those connections have allowed McKenna Property Management to grow into what it is today. If you’re a business owner or professional, here’s our tip: make gratitude part of your business strategy. It doesn’t have to be extravagant—even the simplest “thank you” can strengthen relationships and open the door to new opportunities. At the end of the day, business isn’t just about numbers—it’s about people. And people remember how you make them feel. 💙