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Report: Las Vegas rents growing faster than most southern US cities

Posted at 12:53 PM, Oct 04, 2018
and last updated 2018-10-04 15:53:51-04

The Las Vegas area has the second fastest growing rent prices in southern U.S. metropolitan areas, according to CoreLogic.

RELATED: Nearly 50 percent of Las Vegas residents choose to rent, can't afford to buy home

Rental prices for single-family homes increased 5.7 percent in July of this year compared to the year before. Low rental inventory is said to be fueling the price growth.

CoreLogic found that Orlando has the fastest growing rent prices.