Clark County Nevada Residential Rent and Rental Statistics
The median monthly gross residential rent in Clark County NV was $1,187 in 2019 according to the Census ACS survey.1 Average gross rent in Clark County was $1,210 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Clark County median and average rent data will be released in September of 2021.
Data is also available below for Clark County rental vacancy rates, Clark County rent as a percent of median income and the fraction of renters in Clark County.
Real Gross Rent in Clark County Nevada (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Nevada Median Gross Rent | $1,168 | +3.55% | +11.24% |
| Clark County NV Median Gross Rent | $1,187 | +3.22% | +9.91% |
Clark County NV Real Gross Rent Trends
Median gross rent for Clark County peaked in real terms in 2008 at $1,242 and is now $55 (4.43%) lower. From a recent low of 1031.0 in 2013, real median gross rent has now increased by $156 (15.13%). Average gross rent for Clark County peaked in real terms in 2008 at $1,276 and is now $66 (5.17%) lower. From a recent low of 1079.0 in 2013, real average gross rent has now increased by $131 (12.14%).
Real Gross Rent: Clark County NV Median, Clark County NV Average, Nevada Median, US Median
Real Gross Rent History for Clark County
| Date | US Median |
Nevada Median |
Clark County NV Median |
Clark County NV Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,168 | $1,187 | $1,210 |
| 2018 | $1,077 | $1,128 | $1,150 | $1,170 |
| 2017 | $1,043 | $1,084 | $1,113 | $1,139 |
| 2016 | $1,027 | $1,050 | $1,080 | $1,112 |
| 2015 | $1,017 | $1,040 | $1,068 | $1,118 |
| 2014 | $986 | $1,008 | $1,036 | $1,088 |
| 2013 | $953 | $1,003 | $1,031 | $1,079 |
| 2012 | $940 | $1,004 | $1,036 | $1,080 |
| 2011 | $941 | $1,011 | $1,034 | $1,095 |
| 2010 | $955 | $1,064 | $1,102 | $1,154 |
| 2009 | $960 | $1,132 | $1,178 | $1,223 |
| 2007 | $927 | $1,151 | $1,195 | $1,231 |
| 2005 | $910 | $1,076 | $1,106 | $1,124 |
Clark County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Clark County Nevada was 8.85% according to Census ACS data.
Rental Vacancy Rate in Clark County Nevada
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Nevada | 7.58% | -1.11% | -0.38% |
| Clark County NV | 8.85% | -1.02% | -0.03% |
Trends in Clark County NV Rental Vacancy Rate
The rental vacancy rate in Clark County peaked in 2011 at 12.61%. Since then it has fallen by 3.76% to 8.85%. Data records for this series originated in 2005.
Rental Vacancy Rate: Clark County NV, Nevada, US
Historical Rental Vacancy Rate data for Clark County
| Date | US | Nevada | Clark County NV |
|---|---|---|---|
| 2019 | 5.97% | 7.58% | 8.85% |
| 2018 | 6.15% | 8.69% | 9.87% |
| 2017 | 6.18% | 6.90% | 7.36% |
| 2016 | 5.89% | 7.96% | 8.88% |
| 2015 | 5.85% | 8.47% | 9.48% |
| 2014 | 6.32% | 8.38% | 8.86% |
| 2013 | 6.49% | 10.51% | 11.34% |
| 2012 | 6.77% | 10.96% | 11.67% |
| 2011 | 7.40% | 11.73% | 12.61% |
| 2010 | 8.17% | 10.71% | 11.65% |
| 2009 | 8.43% | 12.58% | 12.15% |
| 2007 | 7.87% | 10.10% | 9.80% |
| 2005 | 7.74% | 7.31% | 7.20% |
Rent as a Fraction of Income
Using median household income data for Clark County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Clark County, median monthly gross rent as a fraction of median household income was 22.93% in 2019 according to the ACS.
Clark County Nevada Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Nevada | 22.15% | -0.52% | +0.34% |
| Clark County NV | 22.93% | -0.82% | +0.19% |
Trends in Clark County NV Rent as a Fraction of Income
The fraction of median Clark County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 23.82%. Since then it has fallen by 0.88% to 22.93%.
Fraction of Income towards Rent: Clark County NV, Nevada, US
Historical Data for Annual Rent as a Fraction of Income in Clark County Nevada
| Date | US | Nevada | Clark County NV |
|---|---|---|---|
| 2019 | 20.03% | 22.15% | 22.93% |
| 2018 | 20.50% | 22.67% | 23.76% |
| 2017 | 20.13% | 21.74% | 22.64% |
| 2016 | 20.43% | 21.81% | 22.75% |
| 2015 | 20.63% | 22.43% | 23.44% |
| 2014 | 20.89% | 22.27% | 22.99% |
| 2013 | 20.78% | 22.30% | 23.01% |
| 2012 | 20.65% | 22.77% | 23.59% |
| 2011 | 20.70% | 22.96% | 23.82% |
| 2010 | 20.50% | 22.40% | 23.00% |
| 2009 | 20.12% | 22.34% | 23.19% |
| 2007 | 18.66% | 21.36% | 21.79% |
| 2005 | 18.89% | 21.01% | 21.42% |
Renter Fraction in Clark County Nevada
You can calculate the renter fraction in Clark County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Clark County as a fraction of total Clark County households. In 2019 45.75% of households were renters according to Census ACS data.
Clark County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Nevada | 43.38% | +0.16% | -1.77% |
| Clark County NV | 45.75% | -0.05% | -1.93% |
Trends in the Clark County NV Renter Fraction
The Clark County household renter fraction peaked in in 2014 at 49.69% and is now 3.94% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Clark County NV, Nevada, US
History of Clark County Renter Fraction
| Date | US | Nevada | Clark County NV |
|---|---|---|---|
| 2019 | 35.89% | 43.38% | 45.75% |
| 2018 | 36.05% | 43.22% | 45.80% |
| 2017 | 36.13% | 43.42% | 45.81% |
| 2016 | 36.88% | 45.15% | 47.68% |
| 2015 | 36.97% | 45.98% | 48.42% |
| 2014 | 36.90% | 46.36% | 49.69% |
| 2013 | 36.50% | 45.69% | 48.09% |
| 2012 | 36.09% | 45.13% | 47.46% |
| 2011 | 35.42% | 43.71% | 46.40% |
| 2010 | 34.65% | 42.83% | 45.01% |
| 2009 | 34.13% | 40.75% | 43.12% |
| 2007 | 32.80% | 39.59% | 41.38% |
| 2005 | 33.10% | 39.33% | 40.53% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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