3 Trendy Las Vegas Neighborhoods
By Tali Wee of Zillow
Las Vegas is the renowned entertainment capital of the world. It is also home to more than 1.3 million locals and a vast array of vibrant, trendy and family-friendly neighborhoods.
From the 80’s to 90’s, suburban Vegas saw the emergence of master-planned communities designed for self-sufficiency including housing, schools, commercial and recreation facilities. These outlying suburbs reflect a dramatic transition from the bright lights of the Strip, and the locals enjoy a relaxed suburban lifestyle and take pride in a real sense of community.
Suited to professionals, families and new home buyers, the Vegas ‘burbs are far away enough from the hustle and bustle, yet are still teaming with culture and a lively atmosphere. Nowadays, neighborhoods closer to the Strip are becoming more popular areas to live and play while maintaining a sense of community. Here is the lowdown on 3 different, trendy neighborhoods in Las Vegas.
The early 1990’s saw the transformation of the Northwest valley into one of the fastest-growing communities in Nevada. Compared to the median single-family home price of $162,900 in Las Vegas, Summerlin is home to the more affluent urban power families with the median home price average of $280,700, a 29.7 percent increase from last year. Summerlin boasts a great community culture, complemented by many hip amenities such as country clubs, golf courses and multiple high-end shopping malls including a lineup of restaurants and luxury retailers. The neighborhood is perfect for outdoor types, with many walking and running trails in family-friendly parklands and is great for hiking with the Red Rock National Conservation Park nearby.
2. The Lakes
To the West of the Las Vegas valley lays an unexpected ‘desert oasis’ called The Lakes. Four thousand homes, condos and luxury estates make up this flourishing lakeside community where residents take pride in their relaxed waterfront lifestyles. The Lakes is anchored by a convenient business district which connects the Strip to the suburbs. The district includes several jogging trials, walkways, shops and restaurants.
Downtown is where gaming took off before the Strip came into existence, and remains the business epicenter of Las Vegas. Downtown is a hub for musicians, poets and young professionals who provide an energetic vibe in eclectic bars. While located a few blocks from the Strip, Downtown is not flooded with tourists. The area has a different demographic than the outlying community neighborhoods, with the main dwellers being young, single renters. The average Downtown rental price is $1,182 per month, slightly higher than the average Las Vegas median rent price of $1,145. This is a 1.6 percent increase from 2012. With Las Vegas home sale listing prices on the rise from 2012 to 2013, Downtown residents find it financially beneficial to remain renting.
There is more to Las Vegas than its Sin City persona. Las Vegas offers many trendy neighborhoods and the current real estate market makes moving to the city affordable. In a city that was once ranked the country’s foreclosure capital, Las Vegas real estate values are rebounding – with median home list prices increasing 36 percent throughout the last year. These current trends are pointing towards home buying in Las Vegas as a good investment, especially when neighborhoods are as welcoming as Summerlin, The Lakes and Downtown.