How Many Homes are Free and Clear? Las Vegas Owners vs Renters
Single family homes in Las Vegas are surprisingly far more than the US national average of 42% owned free and clear. The current percentage of all residences, condos, townhomes and houses are over 50% with single family dwellings at 48%. Additionally most other homes have a substantial amount of debt paid off.
In Las Vegas 33% of all homes are tenant occupied, which is greater than the national average, which is closer to 25%. Even though only about 62% of all people own their home, these numbers differ because of people that live in apartments or share space with other people.