To afford renting a typical one-bedroom apartment in the Las Vegas metropolitan area, a minimum wage worker without health benefits would need to clock 73 hours a week.
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With downtown Las Vegas slated to get its first big new rental complex in years, other developers also are looking to do projects in the once-neglected area.
The apartment complex on South Pecos Road in eastern Las Vegas serves renters with low incomes, but its mix of 50 one- and two-bedroom units are spacious with hardwood floors and new appliances.
Las Vegas home prices are rising at one of the fastest clips in the country, with builders fetching record dollar amounts and resale values approaching prior highs.
Las Vegas house prices have climbed fast and could reach their pre-recession peak later this year, a new report says.