Renters in Nevada have been paying a hefty price to live in the state.
In recent years, there have been increases in the cost of rent in the Las Vegas area, where the median rent has jumped to more than $1,100.
“We are seeing a dramatic increase in costs in Las Vegas.
We have a new median rent, which has increased to over $1.6, which is not good,” says David R. Johnson, a real estate broker and the executive director of Nevada Rent Assistance.
Johnson has seen his agency assist thousands of Nevadans.
“We have more than 500,000 renters in Nevada,” he says.
“They are all renters who are not paying their rent.”
Johnson says the increase in rent is mostly due to an increase in vacancy rates, which have dropped in the past five years.
But he says many of these residents are struggling with chronic medical conditions and housing costs that make living rent-free difficult.
“Most of these people are either working part time or they are not working at all,” Johnson says.
Johnson says most of the increase can be attributed to a recession that affected many of Nevada’s largest cities.
“People who are able to move to Las Vegas are going to have to pay for it.
They’re going to pay more rent, so that’s going to be a burden for some people,” Johnson said.
Johnson believes the increase is due to the government’s housing policy changes.
“The Affordable Care Act, in which they’re going through, is going to give the state more flexibility, so you can have more flexibility,” he said.
“It also gives the state, the city and county, more flexibility to negotiate with landlords.”
Johnson believes it will also affect the ability of Nevads to find affordable housing.
“They’re going into the market, and they’re finding that they’re not getting the best, the best apartments,” Johnson explains.
Johnson is concerned that some landlords may not be willing to sell their properties, so they may be able to find new tenants through other means.
“If a person has a chronic condition or some medical conditions that make them ineligible for housing, or they’re a low-income person, it could be very hard to find an apartment,” he explains.
In Nevada, the average rent for a one-bedroom apartment is $1-1,500 a month, which means many renters may be facing a steep hike.
“You can’t afford that, so the landlord might have to cut it down, or he might not be able afford to keep it,” Johnson warns.
Johnson warns that the average increase in Nevada rents will not be permanent.
“This is going up, but it will drop over time.
There’s no one-size-fits-all.
You have to live within your means,” he explained.
Johnson, who has worked with many Nevadas, is not alone in seeing an increase of rent.
“This is a very common thing in the community, where you see a lot of people struggling with rents,” he adds.
“And that is the main problem.
People are trying to find apartments and they don’t have the income they need to live here,” Johnson adds.
Johnson advises Nevadad renters to contact their local housing authority to see if they can negotiate with the landlord.
“If you’re not able to get in touch with the housing authority, the next best thing to doing is to call us and get in contact with the city council and the county council,” he notes.