Number of Tenants Continues to Increase in Las Vegas Homes

Basing on the recent information
released by the U.S Census Bureau, Las Vegas homes has turned out to be even more of a city of tenants throughout the recent decade and has seen a large growth in
unoccupied housing units.  

The Census Bureau stated that 57.1 percent of housing units in
Clark County were comprised by owners, with tenants making up 42.9 percent in a
data published May 19, 2011.

For the U.S as a whole, the overall numbers haven’t been published. However, evaluating Maricopa County, Arizona, which includes Phoenix and its borders to
Clark County, Southern Nevada has in comparison more tenants.

About
64.5 percent of housing units were taken by owners in Maricopa County which is
a sign of the more transient environment of Las Vegas homes.

Starting
from 559,799 housing units in the 2000 census Clark County increase to 715,365
ten years after. As for the vacancy rate, it has risen as well, beginning at 8.5 percent
to 14.9 after ten years. On
the other hand, housing units on the rental market with 13.3 percent were unoccupied
in the 2010 Census in contrast to 9.7 percent 10 years before.

Beginning
from 2.75 in 2000 household sizes have gotten smaller for those units taken by owners
to 2.71 ten years later. Also
household size for rental units rose from 2.5 in 2000 to 2.67 in 2010. As
for the rundown of valley cities, 56.5 percent of Las Vegas homes units were
taken by its owner on 2010, losing from 59.1 percent in 2000.

In
2000 from 70.1 percent, North Las Vegas has lost 62.4 percent of its housing
units taken by owners. Meanwhile Henderson’s percentage of owners was evaluated at 65.8 percent in 2010, decreasing from 70.5 percent in 2000.