Nevada is no Longer a Haven of Housing Affordability

Large investors own 11 percent of single-family rentals in Las Vegas — far above the national average of 3 percent.

1 minute read

March 16, 2026, 8:00 AM PDT

By Diana Ionescu @aworkoffiction


Aerial of dense neighborhood with homes in Las Vegas, Nevada.

Homes in Las Vegas, Nevada. | trekandshoot / Shutterstock

Once a mecca for affordable housing, Nevada is seeing housing costs rise to unsustainable highs, report Jonathan J. Cooper and Josh Boak for the Associated Press. In Las Vegas, large investors own roughly 11 percent of single-family home rentals — far higher than the 3 percent seen nationally.

Meanwhile, Clark County’s population has grown by 17 percent between 2014 and 2024, putting pressure on the region’s housing market. Las Vegas resale home prices grew by 53 percent between December 2019 and December 2025. Nevada Attorney General Aaron Ford, the leading Democratic candidate for governor, is calling for banning algorithmic rent pricing, removing regulatory barriers, and unlocking federal land for homebuilding. 

Sunday, March 15, 2026 in The Associated Press

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