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Outdoor living and entertaining spaces like patios can act as an extension of the home itself.

In fact, the outdoor-indoor living trend has dominated California home aesthetics for the past decades — and has gradually been adopted by luxury homes throughout the country.

But even if you don’t live in sunny Cali or own a million-dollar home, renovating or creating a patio can improve the look of your outdoor space, increase the value of your property, and provide a functional space for dining, relaxing, and other enjoyable activities.

Today, we’ll take a look at how you can successfully carry out a DIY patio renovation, to help you get your project off the ground.

Before you get started

Before carrying out a patio renovation, you will need some essential tools and materials. Make sure you have a shovel and/or rake, spirit or laser level, measuring tape, pen, tamper/compactor, and trowel.

If you’re creating a new patio space from scratch or carrying out extensive repairs, you’ll need a concrete mixer, screed, and possibly a wheelbarrow.

For the materials themselves, you’ll need either gravel or sand for the foundation, depending on your chosen patio material (e.g., concrete, pavers, gravel, or multiple). You will also need metal or plastic edging to hold the patio material in place, landscaping fabric to stop weeds growing beneath the surface of the patio, and epoxy resin for concrete if you need to bond concrete components or elements together. Epoxy resin can also be used for more minor repairs such as filling or bonding cracks together.

To work safely, make sure you also have protective gloves, safety glasses, a dust mask, and possibly knee pads for comfort if kneeling on hard surfaces.

Planning and designing your outdoor space

Photo credit: Irina88w | Dreamstime

Careful planning is important before starting a renovation project. Determine the purpose of the space — entertainment, relaxation, dining, or any combination.

Make a detailed blueprint of the outdoor space design, with measurements. Check your local building codes to determine if any permits are required, especially for larger or structural changes, or the installation of structures like fire pits, pergolas, or fences. 

Based on your desired aesthetic and climate, choose the materials (e.g., concrete, gravel, stone, wood, etc). Consider any features like planters, built-in seating, water features, or planters. Mapping out any water lines, electrical outlets, or other utilities during the planning stage can prevent issues further down the line.

Choosing the right materials

There are plenty of material options for patios. Concrete is prized for its durability and versatility, while pavers offer a more classic look. A more natural, budget-friendly option is gravel/stones. For decking or pergolas, you will need wood. 

To make sure your patio stays durable over time, choose long-lasting, weather-resistant materials. Your preferred aesthetic will also inform your choice of materials.

Preparing the ground and foundation

To properly prepare the ground for a solid foundation, you’ll first need to use a rake and/or shovel to clear the area of any grass, vegetation, or other debris. Shovels, trowels, tampers, and spirit/laser levels can help you to create a flat, stable base. 

A layer of gravel or sand will provide drainage and also create a smooth surface for the patio materials. It’s important to use a foundation that matches your materials — think concrete for solid slabs or sand/gravel for pavers.

Installation techniques and tips

Photo credit: Ozgur Coskun / Dreamstime

For a concrete patio, use a mixer to mix the concrete. Pour it evenly across the prepared surface, level it with a screed, and smooth it with a trowel. You can even use molds or stamps if you want a decorative finish. To bond separate concrete elements, you can use epoxy resin.

For paver patios, make sure to lay each paver very carefully, leaving enough space for sand/gravel to fill in gaps. If you have a gravel patio, it’s important to use landscape fabric to prevent weed growth from underneath.

Finishing touches

Once your patio is dried and functional, you can personalize it with your own functional and/or decorative elements. Furniture like seating and tables is extremely popular, as are fire pits and fountains.

For ambiance, install lanterns, string lights, or even built-in lighting. Solar-powered lights are eco-friendly, energy-efficient, and can even switch on automatically when it gets dark outside.

When buying furniture and accessories, make sure that they are durable and weather-resistant enough to withstand outdoor conditions, or you’ll end up replacing them before too long!

Maintaining your patio

Maintenance is an important consideration once the project is complete. Regular cleaning and sweeping will keep it looking fresh, and you can even seal concrete or pavers to protect them from moisture and wear. It is also recommended to check for cracks once in a while — these can be repaired with epoxy resin.

The takeaway

The key steps for a successful patio renovation are getting hold of the right tools, planning, choosing the right materials, installing the patio, and maintaining it over time.

Although a DIY renovation can be a challenge, it can also be a rewarding activity. Take your time and be precise, and you will reap the rewards! 

More stories

Chic outdoor décor: Why is wicker used for outdoor furniture?

From inside out: How the right windows can transform your home’s design

5 Kitchen remodeling myths debunked by expert

Source: fancypantshomes.com

Apache is functioning normally

Outdoor living and entertaining spaces like patios can act as an extension of the home itself.

In fact, the outdoor-indoor living trend has dominated California home aesthetics for the past decades — and has gradually been adopted by luxury homes throughout the country.

But even if you don’t live in sunny Cali or own a million-dollar home, renovating or creating a patio can improve the look of your outdoor space, increase the value of your property, and provide a functional space for dining, relaxing, and other enjoyable activities.

Today, we’ll take a look at how you can successfully carry out a DIY patio renovation, to help you get your project off the ground.

Before you get started

Before carrying out a patio renovation, you will need some essential tools and materials. Make sure you have a shovel and/or rake, spirit or laser level, measuring tape, pen, tamper/compactor, and trowel.

If you’re creating a new patio space from scratch or carrying out extensive repairs, you’ll need a concrete mixer, screed, and possibly a wheelbarrow.

For the materials themselves, you’ll need either gravel or sand for the foundation, depending on your chosen patio material (e.g., concrete, pavers, gravel, or multiple). You will also need metal or plastic edging to hold the patio material in place, landscaping fabric to stop weeds growing beneath the surface of the patio, and epoxy resin for concrete if you need to bond concrete components or elements together. Epoxy resin can also be used for more minor repairs such as filling or bonding cracks together.

To work safely, make sure you also have protective gloves, safety glasses, a dust mask, and possibly knee pads for comfort if kneeling on hard surfaces.

Planning and designing your outdoor space

Photo credit: Irina88w | Dreamstime

Careful planning is important before starting a renovation project. Determine the purpose of the space — entertainment, relaxation, dining, or any combination.

Make a detailed blueprint of the outdoor space design, with measurements. Check your local building codes to determine if any permits are required, especially for larger or structural changes, or the installation of structures like fire pits, pergolas, or fences. 

Based on your desired aesthetic and climate, choose the materials (e.g., concrete, gravel, stone, wood, etc). Consider any features like planters, built-in seating, water features, or planters. Mapping out any water lines, electrical outlets, or other utilities during the planning stage can prevent issues further down the line.

Choosing the right materials

There are plenty of material options for patios. Concrete is prized for its durability and versatility, while pavers offer a more classic look. A more natural, budget-friendly option is gravel/stones. For decking or pergolas, you will need wood. 

To make sure your patio stays durable over time, choose long-lasting, weather-resistant materials. Your preferred aesthetic will also inform your choice of materials.

Preparing the ground and foundation

To properly prepare the ground for a solid foundation, you’ll first need to use a rake and/or shovel to clear the area of any grass, vegetation, or other debris. Shovels, trowels, tampers, and spirit/laser levels can help you to create a flat, stable base. 

A layer of gravel or sand will provide drainage and also create a smooth surface for the patio materials. It’s important to use a foundation that matches your materials — think concrete for solid slabs or sand/gravel for pavers.

Installation techniques and tips

Photo credit: Ozgur Coskun / Dreamstime

For a concrete patio, use a mixer to mix the concrete. Pour it evenly across the prepared surface, level it with a screed, and smooth it with a trowel. You can even use molds or stamps if you want a decorative finish. To bond separate concrete elements, you can use epoxy resin.

For paver patios, make sure to lay each paver very carefully, leaving enough space for sand/gravel to fill in gaps. If you have a gravel patio, it’s important to use landscape fabric to prevent weed growth from underneath.

Finishing touches

Once your patio is dried and functional, you can personalize it with your own functional and/or decorative elements. Furniture like seating and tables is extremely popular, as are fire pits and fountains.

For ambiance, install lanterns, string lights, or even built-in lighting. Solar-powered lights are eco-friendly, energy-efficient, and can even switch on automatically when it gets dark outside.

When buying furniture and accessories, make sure that they are durable and weather-resistant enough to withstand outdoor conditions, or you’ll end up replacing them before too long!

Maintaining your patio

Maintenance is an important consideration once the project is complete. Regular cleaning and sweeping will keep it looking fresh, and you can even seal concrete or pavers to protect them from moisture and wear. It is also recommended to check for cracks once in a while — these can be repaired with epoxy resin.

The takeaway

The key steps for a successful patio renovation are getting hold of the right tools, planning, choosing the right materials, installing the patio, and maintaining it over time.

Although a DIY renovation can be a challenge, it can also be a rewarding activity. Take your time and be precise, and you will reap the rewards! 

More stories

Chic outdoor décor: Why is wicker used for outdoor furniture?

From inside out: How the right windows can transform your home’s design

5 Kitchen remodeling myths debunked by expert

Source: fancypantshomes.com

Apache is functioning normally

Asheville is known for its stunning Blue Ridge Mountain backdrop and world-class arts scene. With a growing reputation as a unique place to live, many are considering a move to this charming city.

Like any city, living in Asheville comes with its own set of advantages and disadvantages. Here’s a detailed look at 11 specific pros and cons of moving to Asheville, to help you decide if it’s the right fit for you.

Asheville at a glance

Walk Score: 37 | Bike Score: 33 | Transit Score: 28
Median Sale Price: $500,000 | Average Rent for 1-Bedroom Apartment: $1,624
Asheville neighborhoods | Houses for rent in Asheville | Apartments for rent in Asheville | Homes for sale in Asheville

1. Pro: Beautiful Natural Surroundings

Asheville is scenically situated in the Blue Ridge Mountains, offering breathtaking views and abundant outdoor activities. The nearby Pisgah National Forest provides opportunities for hiking, mountain biking, and checking out the many waterfalls that wind through the park. The scenery changes with the seasons, showcasing stunning foliage in the fall and blooming wildflowers in spring.

2. Con: High Cost of Living

While Asheville’s beauty is captivating, the cost of living has risen significantly in recent years. Housing prices have increased, rising above the national median of $434,050. This has made it more challenging for newcomers to find affordable options. Apartments in Asheville have followed a similar trend and go for $1,520 to $1,947 on average.

3. Pro: Thriving arts and music Scene

Asheville has a prolific arts community for its size, with galleries, studios, and performance spaces. The city hosts festivals celebrating music, art, and culture throughout the year. Whether you’re catching a show at The Orange Peel or spending the day at the Moogseum, there’s always something to do in Asheville.

4. Con: Limited job opportunities

Although Asheville has a growing economy, job opportunities can be limited in certain fields. Many residents work in tourism, hospitality, and healthcare, but other industries may not be as fruitful. Those seeking specialized positions may find the job market competitive.

5. Pro: Stellar food scene

Food lovers will appreciate Asheville’s restaurant scene, featuring everything from farm-to-table restaurants, like Posana to food trucks. The city is known for its craft breweries, with over 30 options to choose from, including the legendary Hi-Wire Brewing. Local farmers’ markets also provide fresh produce and artisanal goods year-round.

6. Con: Tourist destination

Asheville is a popular tourist destination, especially during peak seasons. Visitors flock to the city for a number of different reasons, which can lead to crowded streets and longer wait times at popular restaurants. This influx of tourists may detract from the local experience, particularly during the summer and fall.

7. Pro: Strong community spirit

The residents of Asheville are known for their friendliness and community involvement. Numerous organizations host events that foster connections among locals, making it easy to get involved. Whether it’s volunteering or attending community gatherings, it’s not uncommon for residents to feel a strong sense of belonging shortly after moving here.

8. Con: Unpredictable weather

Asheville experiences a full range of weather conditions throughout the year, which may be a drawback for some. Winters can be cold and snowy, while summers are often hot and humid. The unpredictability of the weather can affect outdoor plans and activities.

9. Pro: Proximity to pristine nature

Living in Asheville means easy access to some of the most pristine nature in the Carolinas. The Blue Ridge Parkway is just a short drive away, offering scenic views, maintained hiking trails, and perfect picnic spots. Whether you enjoy kayaking, skiing, or simply exploring nature, the options are plentiful in Asheville.

10. Con: Underwhelming public transportation

Asheville’s public transportation system is not as extensive as those in larger North Carolina cities. While there are bus services available, they may not cover all Asheville neighborhoods or operate frequently. This limitation can make it challenging for those who rely on public transit for daily commutes.

11. Pro: Tons of festivals and events

Asheville hosts festivals and events that celebrate local culture, food, and music throughout the year. Annual events like the Asheville Beer Week and the LEAF Festival draw crowds from all over and foster a strong community spirit. These gatherings offer a chance for locals to connect with others and enjoy the best of what the city has to offer.

A native of the northern suburbs of Chicago, Carson made his way to the South to attend Wofford College where he received his BA in English. After working as a copywriter for a couple of boutique marketing agencies in South Carolina, he made the move to Atlanta and quickly joined the Rent. team as a content marketing coordinator. When he’s off the clock, you can find Carson reading in a park, hunting down a great cup of coffee or hanging out with his dogs.

Source: rent.com

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When people think of Orlando, they often picture its world-famous theme parks and vibrant downtown. However, the true essence of living in Orlando extends beyond the tourist attractions and city center. The suburbs of Orlando are diverse residential areas that offer a quieter, more relaxed lifestyle while still providing easy access to the city’s many amenities and entertainment options. These Orlando suburbs are spread across various parts of the metropolitan area, each with its own unique character and appeal.

In this ApartmentGuide article, we’ll explore some of the most notable Orlando suburbs—from lakeside communities to suburban retreats—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Orlando or are curious about the different Orlando neighborhoods around the city, let’s discover the best parts of Orlando to call home.

Cost of living in Orlando

Before we dive into the top Orlando suburbs, let’s cover how much it costs to live in Orlando. The overall cost of living in Orlando is about 2% lower than the national average. Housing is a significant factor, with the median sale price for a home in Orlando at $407,925, which is lower than the national average of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Orlando at $1,736, compared to the national average of $1,514.

While some suburbs around Orlando offer more affordable options, others provide a more upscale, resort-like lifestyle. Here, we’ll explore a variety of top suburbs, offering different lifestyle and housing opportunities based on your budget and preferences.

If you’re looking for more specific rental insights, check out our guides on the 7 Most Affordable Neighborhoods in Orlando, FL for Renters in 2024 and the 12 Most Expensive Neighborhoods in Orlando to Rent in 2024.

1. Winter Park

Known for: Historic charm, cultural scene, and beautiful parks

Winter Park, located just north of downtown Orlando, is one of the most sought-after suburbs in the area. Known for its historic charm, Winter Park offers a unique blend of culture and nature, with cobblestone streets, boutique shops, and world-class museums. The suburb is home to Rollins College, adding a lively academic feel to the area, and the nearby Winter Park chain of lakes provides plenty of opportunities for boating and outdoor recreation.

Housing in Winter Park ranges from historic estates and bungalows to more modern developments, offering something for everyone. The area is also home to Central Park, a popular spot for local events and festivals, adding to Winter Park’s vibrant atmosphere.

Population: 31,000
Average rent for a one-bedroom apartment: $1,654
Median home sale price: $595,000
Winter Park transportation scores: Walk Score 44, Bike Score 51, Transit Score 28

Apartments for rent in Winter Park, FL | Houses for rent in Winter Park, FL | Homes for sale in Winter Park, FL

2. Windermere

Known for: Upscale living, lakefront properties, and proximity to Disney World

Windermere is an affluent suburb located just southwest of downtown Orlando, known for its luxury homes and beautiful lakefront properties. Windermere is surrounded by the Butler Chain of Lakes, offering residents stunning views and opportunities for boating, fishing, and water sports. With its peaceful, upscale atmosphere, Windermere is home to some of the most luxurious estates in the Orlando area, making it a popular choice for professionals and those looking for resort-style living.

Despite its serene environment, Windermere is only a short drive from Disney World and other major Orlando attractions, making it an ideal location for those who want the best of both worlds.

Population: 3,600
Average rent for a one-bedroom apartment: $2,391
Median home sale price: $1,250,000
Windermere transportation scores: Walk Score 43, Bike Score 39

Apartments for rent in Windermere, FL | Houses for rent in Windermere, FL | Homes for sale in Windermere, FL

3. Lake Mary

Known for: Thriving business community, parks, and suburban feel

Lake Mary, located about 18 miles north of Orlando, is a growing suburb known for its strong business community and suburban comfort. The suburb is home to numerous parks, golf courses, and shopping centers, making it a popular choice for professionals and outdoor enthusiasts. Lake Mary also boasts a variety of dining and entertainment options, while its location along the I-4 corridor provides easy access to downtown Orlando and nearby beaches.

Housing in Lake Mary ranges from newer developments to established neighborhoods, with a variety of options for both renters and buyers. Its welcoming environment and access to outdoor activities make Lake Mary a popular suburb for those seeking a well-rounded community.

Population: 17,000
Average rent for a one-bedroom apartment: $1,696
Median home sale price: $451,500
Lake Mary transportation scores: Walk Score 64, Bike Score 48

Apartments for rent in Lake Mary, FL | Houses for rent in Lake Mary, FL | Homes for sale in Lake Mary, FL

4. Oviedo

Known for: Growing community, excellent schools, and natural beauty

Oviedo, located northeast of Orlando, has become one of the fastest-growing suburbs in the metro area. Known for its scenic natural surroundings, Oviedo offers plenty of outdoor recreation, including parks, nature trails, and nearby lakes. The suburb has a mix of modern housing developments and charming, older neighborhoods, making it a diverse place to live.

Oviedo’s growing community and access to outdoor activities make it a desirable suburb for those seeking suburban living with nature close by. The Oviedo on the Park area is a central hub of activity, featuring restaurants, shops, and outdoor events.

Population: 40,000
Average rent for a one-bedroom apartment: $1,714
Median home sale price: $480,000
Oviedo transportation scores: Walk Score 16, Bike Score 35

Apartments for rent in Oviedo, FL | Houses for rent in Oviedo, FL | Homes for sale in Oviedo, FL

5. Winter Garden

Known for: Historic downtown, farmers markets, and proximity to Orlando

Winter Garden, located about 14 miles west of Orlando, is a suburb that offers both small-town charm and modern amenities. Its historic downtown area is filled with boutique shops, cafes, and a popular farmers market, making it a lively destination for residents and visitors alike. Winter Garden also offers access to the West Orange Trail, a popular spot for biking, running, and walking.

Winter Garden’s housing market includes a mix of historic homes and new developments, catering to a wide range of budgets and lifestyles. The community’s proximity to Orlando and major attractions, combined with its close-knit atmosphere, makes Winter Garden a top choice for those seeking a suburban lifestyle with easy city access.

Population: 46,000
Average rent for a one-bedroom apartment: $1,852
Median home sale price: $518,800
Winter Garden transportation scores: Walk Score 30, Bike Score 42

Apartments for rent in Winter Garden, FL | Houses for rent in Winter Garden, FL | Homes for sale in Winter Garden, FL

6. Altamonte Springs

Known for: Urban conveniences, Cranes Roost Park, and easy commuting

Altamonte Springs is a suburban city located just 10 miles north of downtown Orlando. Known for its urban conveniences and close proximity to the city, Altamonte Springs offers a wide range of shopping, dining, and entertainment options. Cranes Roost Park, located in the heart of the city, is a popular destination with walking paths, fountains, and community events.

Altamonte Springs is also well-connected to downtown Orlando via the I-4 corridor, making it an ideal suburb for commuters. The housing market in Altamonte Springs includes everything from affordable apartments to more upscale homes, offering something for everyone.

Population: 45,000
Average rent for a one-bedroom apartment: $1,416
Median home sale price: $284,500
Altamonte Springs transportation scores: Walk Score 35, Bike Score 44, Transit Score 25

Apartments for rent in Altamonte Springs, FL | Houses for rent in Altamonte Springs, FL | Homes for sale in Altamonte Springs, FL

7. Maitland

Known for: Lakeside living, proximity to downtown, and rich history

Maitland is a charming, lakeside suburb located just north of Orlando. Known for its historic homes, cultural attractions, and beautiful parks, Maitland offers a relaxed lifestyle while still being close to downtown. The suburb is home to several lakes, providing opportunities for boating, fishing, and waterfront activities. Maitland is also known for its thriving arts scene, with venues like the Maitland Art Center and the Enzian Theater adding cultural depth to the community.

The housing market in Maitland includes a mix of historic estates, modern condos, and single-family homes. Its proximity to Orlando and access to both urban conveniences and nature make Maitland a desirable place to live.

Population: 19,000
Average rent for a one-bedroom apartment: $2,456
Median home sale price: $380,000
Maitland transportation scores: Walk Score 76, Bike Score 67

Apartments for rent in Maitland, FL | Houses for rent in Maitland, FL | Homes for sale in Maitland, FL

8. Clermont

Known for: Scenic hills, outdoor activities, and growing community

Clermont, located about 22 miles west of Orlando, offers a picturesque setting with its rolling hills and proximity to lakes. Known as the “Choice of Champions,” Clermont is popular among athletes and outdoor enthusiasts for its extensive network of trails and natural beauty. Residents enjoy recreational activities such as boating, hiking, and biking in the surrounding parks and along Lake Minneola.

Clermont’s housing market is growing rapidly, with new developments offering a range of homes from affordable to more luxurious options. Its scenic environment and access to outdoor activities make it a great place for those seeking a suburban lifestyle with plenty of space.

Population: 44,000
Average rent for a one-bedroom apartment: $1,654
Median home sale price: $425,615
Clermont transportation scores: Walk Score 21, Bike Score 32

Apartments for rent in Clermont, FL | Houses for rent in Clermont, FL | Homes for sale in Clermont, FL

9. Celebration

Known for: Master-planned community, Disney connection, and resort-like atmosphere

Celebration, located southwest of Orlando, is a master-planned community originally developed by The Walt Disney Company. Known for its meticulously designed neighborhoods, walkability, and charming downtown, Celebration has a resort-like feel with plenty of amenities, including parks, lakes, and a golf course. The community’s town center features shops, restaurants, and events that bring residents together.

The housing market in Celebration includes a mix of single-family homes, condos, and townhomes, many of which feature unique architecture that blends seamlessly with the town’s aesthetic. Its close proximity to Disney World and its carefully curated environment make Celebration a one-of-a-kind suburb in the Orlando area.

Population: 11,000
Average rent for a one-bedroom apartment: $1,742
Median home sale price: $540,000
Celebration transportation scores: Walk Score 64, Bike Score 48

Apartments for rent in Celebration, FL | Houses for rent in Celebration, FL | Homes for sale in Celebration, FL

Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Orlando area. Average rent and home sale price data were sourced from Redfin and Rent.com as of September 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.

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When people think of Miami, they often picture the vibrant nightlife of South Beach, the art deco architecture, and the buzzing energy of downtown. However, the true essence of living in Miami extends far beyond its bustling urban core. The suburbs of Miami are diverse residential areas that offer a quieter, more relaxed lifestyle while still providing easy access to the city’s world-class amenities. These Miami suburbs, spread across various parts of the metropolitan area, each have their own unique character and appeal, from coastal retreats to peaceful, tree-lined communities.

In this ApartmentGuide article, we’ll explore some of the most notable Miami suburbs—from the waterfront escapes to more serene, suburban environments—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Miami or curious about the different Miami neighborhoods that surround the Magic City, let’s discover the best places around Miami to call home.

Cost of living in Miami

Before we dive into the top Miami suburbs, let’s cover how much it costs to live in Miami. The overall cost of living in Miami is about 19% higher than the national average. Housing is a significant factor, with the median sale price for a home in Miami at around $600,000, which is above the national average of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Miami at approximately $2,731, also higher than the national average of $1,514.

While some suburbs around Miami offer more affordable options, others provide a more luxurious lifestyle at a premium price. Here, we’ll explore a range of top suburbs, each offering different lifestyle and housing opportunities depending on your budget and preferences.

If you’re looking for more specific rental insights, check out our guides on the 12 Most Affordable Neighborhoods in Miami, FL for Renters in 2024 and the 8 Most Expensive Neighborhoods in Miami to Rent in 2024.

1. Coral Gables

Known for: Historic charm, upscale living, and tree-lined streets

Coral Gables, located southwest of downtown Miami, is renowned for its Mediterranean Revival architecture and picturesque streets shaded by lush canopies of trees. Often referred to as “The City Beautiful,” Coral Gables is one of the most prestigious suburbs in Miami, where residents enjoy luxurious homes, manicured gardens, and a serene atmosphere. The suburb’s upscale vibe is reflected in its high-end boutiques, gourmet restaurants, and cultural landmarks like the iconic Venetian Pool and the Biltmore Hotel.

Coral Gables is also home to the University of Miami, adding a dynamic and youthful energy to the area. With a walkable downtown, beautiful parks, and a strong emphasis on preserving its historic roots, Coral Gables offers a blend of classic elegance and modern amenities. Its central location provides easy access to Miami’s vibrant urban core, while maintaining a peaceful, suburban environment.

Population: 49,000
Average rent for a one-bedroom apartment: $3,410
Median home sale price: $1,320,000
Coral Gables transportation scores: Walk Score 56, Bike Score 56, Transit Score 38

Apartments for rent in Coral Gables, FL | Houses for rent in Coral Gables, FL | Homes for sale in Coral Gables, FL

2. Doral

Known for: Business hub, diverse dining, and new developments

Doral, located just west of Miami International Airport, has quickly become one of the fastest-growing and most desirable suburbs in the Miami area. Once known primarily for its industrial parks, Doral has transformed into a thriving residential and business hub. It is home to numerous multinational companies, making it a hotspot for professionals seeking convenient access to both work and Miami’s cultural scene. CityPlace Doral is the heart of this modern community, offering a mix of shopping, dining, and entertainment options in a lively, pedestrian-friendly environment.

Doral also boasts a diverse range of restaurants, parks, and recreational facilities. The housing market in Doral is diverse, with new developments, luxury apartments, and townhomes, making it an attractive option for those seeking a suburban lifestyle with urban conveniences. Its strategic location near major highways also makes commuting throughout Miami a breeze.

Population: 75,000
Average rent for a one-bedroom apartment: $2,553
Median home sale price: $590,000
Doral transportation scores: Walk Score 39, Bike Score 53, Transit Score 35

Apartments for rent in Doral, FL | Houses for rent in Doral, FL | Homes for sale in Doral, FL

3. Pinecrest

Known for: Large lots, suburban tranquility, and a green environment

Pinecrest, located south of downtown Miami, offers one of the most peaceful and spacious suburban environments in the region. Known for its expansive homes set on large lots, Pinecrest provides a slower pace of life that appeals to those seeking both privacy and proximity to nature. The area is famous for its sprawling estates and beautifully maintained gardens, making it one of Miami’s most desirable suburbs for those seeking luxury in a quiet, residential setting.

Pinecrest is home to Pinecrest Gardens, a historic site that has been transformed into a stunning botanical garden and cultural arts park, hosting festivals and community events throughout the year. The suburb also has easy access to green spaces and parks, providing a sense of escape from the busy Miami city life. Pinecrest offers a serene retreat while still being a short drive from the vibrant amenities of the city.

Population: 19,000
Median home sale price: $2,176,000
Pinecrest transportation scores: Walk Score 29, Bike Score 45, Transit Score 33

Apartments for rent in Pinecrest, FL | Houses for rent in Pinecrest, FL | Homes for sale in Pinecrest, FL

4. Kendall

Known for: Suburban convenience, shopping, and accessible transportation

Kendall, located southwest of Miami, offers a suburban lifestyle with all the conveniences of modern living. Known for its abundance of shopping centers, restaurants, and parks, Kendall provides a diverse range of amenities for residents. The area is particularly popular for its proximity to Dadeland Mall, one of the largest and most well-known shopping destinations in South Florida, featuring everything from luxury brands to local retailers.

Kendall’s diverse housing options, including condos, townhomes, and single-family homes, attract a wide range of residents. Its well-connected public transportation system, including access to the Metrorail, makes it a great option for commuters. Kendall offers a balance of suburban tranquility and easy access to the energy of Miami, all at a more affordable price point compared to other areas.

Population: 80,000
Average rent for a one-bedroom apartment: $1,850
Median home sale price: $550,000
Kendall transportation scores: Walk Score 45, Bike Score 46, Transit Score 35

Apartments for rent in Kendall, FL | Houses for rent in Kendall, FL | Homes for sale in Kendall, FL

5. Aventura

Known for: Luxury high-rises, waterfront views, and top-tier shopping

Aventura, located northeast of downtown Miami, is synonymous with luxury living, waterfront views, and upscale shopping. The suburb is home to the iconic Aventura Mall, one of the largest shopping malls in the United States, which attracts visitors from around the world. Residents enjoy the city’s modern high-rise condominiums that offer stunning views of the Intracoastal Waterway and the Atlantic Ocean.

Aventura’s waterfront properties and golf courses provide a resort-like atmosphere, making it a top choice for those looking for a luxurious, relaxed lifestyle. With plenty of parks, marinas, and recreational spaces, Aventura strikes the perfect balance between high-end living and access to outdoor activities.

Population: 38,000
Average rent for a one-bedroom apartment: $2,200
Median home sale price: $565,000
Aventura transportation scores: Walk Score 43, Bike Score 55, Transit Score 46

Apartments for rent in Aventura, FL | Houses for rent in Aventura, FL | Homes for sale in Aventura, FL

6. Miami Lakes

Known for: Lakeside living, community atmosphere, and scenic beauty

Miami Lakes, located northwest of downtown Miami, offers residents a picturesque suburban experience, with its master-planned community that includes tranquil lakes, beautifully landscaped parks, and tree-lined streets. Miami Lakes is known for its strong sense of community, with regular local events and a friendly atmosphere. The town is home to several parks, walking trails, and recreational facilities, offering plenty of outdoor activities for residents.

Shopping and dining options are abundant in Miami Lakes, making it a self-sufficient suburb where residents can enjoy a suburban lifestyle without having to travel far for everyday conveniences. The area’s peaceful environment, combined with its charming architecture and well-maintained green spaces, makes Miami Lakes a desirable suburb for those looking for a scenic retreat.

Population: 30,000
Average rent for a one-bedroom apartment: $2,402
Median home sale price: $792,500
Miami Lakes transportation scores: Walk Score 35, Bike Score 38, Transit Score 28

Apartments for rent in Miami Lakes, FL | Houses for rent in Miami Lakes, FL | Homes for sale in Miami Lakes, FL

7. Homestead

Known for: Affordable housing, agricultural roots, and proximity to nature

Homestead, located about 35 miles south of Miami, offers a more rural, small-town atmosphere with affordable housing and a strong agricultural heritage. Known for its vast farmland and open spaces, Homestead is a gateway to two of Florida’s most treasured national parks: the Everglades and Biscayne National Park. For outdoor enthusiasts, Homestead provides plenty of opportunities for camping, boating, and exploring nature.

The housing market in Homestead is more affordable than many other Miami suburbs, making it an attractive option for first-time homebuyers or those looking for more space. The area’s laid-back lifestyle and close-knit community, coupled with easy access to Miami, make Homestead a unique blend of rural living and suburban convenience.

Population: 80,000
Average rent for a one-bedroom apartment: $1,600
Median home sale price: $430,000
Homestead transportation scores: Walk Score 32, Bike Score 45, Transit Score 25

Apartments for rent in Homestead, FL | Houses for rent in Homestead, FL | Homes for sale in Homestead, FL

8. Cutler Bay

Known for: Coastal proximity, suburban comfort, and outdoor recreation

Cutler Bay, located south of Miami along Biscayne Bay, is a suburban community that offers both coastal living and suburban amenities. The area is well known for Black Point Marina, a popular spot for boating and fishing, and its numerous parks, which provide residents with plenty of recreational opportunities. Cutler Bay offers a laid-back, suburban lifestyle, with a variety of housing options, from single-family homes to waterfront properties.

Cutler Bay’s proximity to both the ocean and urban conveniences makes it an attractive choice for residents who want to enjoy the best of both worlds. The suburb also has a vibrant community atmosphere, with local events, farmers’ markets, and outdoor festivals that bring residents together.

Population: 45,000
Average rent for a one-bedroom apartment: $1,895
Median home sale price: $600,000
Cutler Bay transportation scores: Walk Score 27, Bike Score 47, Transit Score 25

Apartments for rent in Cutler Bay, FL | Houses for rent in Cutler Bay, FL | Homes for sale in Cutler Bay, FL

Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Miami area. Average rent and home sale price data were sourced from Redfin and Rent.com as of September 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.

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Categories

Real Estate

September 27, 2024
by Mark Ferguson

In this post, I’ll dive into the state of the housing market. We’ll analyze trends in interest rates, housing inventory, and inflation, exploring how these factors interact and impact both buyers and sellers. While no one has a crystal ball, I’ll review the latest insights and provide my best estimates of what may happen in the future.

Table of Contents

Video: Is the Housing Market Seeing a Big Slow Down? 2025 Predictions

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A Complex Housing Market

As many of you know, I’ve been involved in real estate for a while—licensed since 2002, investing in rental properties since 2010, and flipping houses since 2003. This experience has given me the chance to observe a variety of markets, but this one stands out as particularly frustrating. Whether you’re trying to buy, sell, or refinance a property, the high interest rates are making things difficult for everyone involved.

If you’re in the industry, whether as an agent, lender, or working with title companies, fewer transactions mean it’s hard to make money. The root of this challenge?

Interest rates, which we’ll explore in greater detail below.

How Much Money Do Real Estate Agents Make Their First Year?

Housing Inventory: The National and Local Picture

Let’s start with inventory. Realtor.com’s data shows an 8% increase in the number of homes actively for sale compared to last year. This is a positive sign as more inventory should help stabilize the market. Additionally, the total number of unsold homes, including those under contract, has grown by 6.5%, and newly listed homes are up by 2.8%. However, these increases are small, and inventory levels remain well below pre-pandemic norms.

Locally, in Colorado, we see similar trends. The number of homes for sale has increased slightly, but it’s still far below the levels we saw before COVID-19. This is a national trend as well—active listings remain way down compared to the pre-crash era of 2006 when 5 to 6 million homes were for sale across the U.S., compared to just 1.15 million today.

The Impact of Interest Rates

Now, let’s talk about interest rates, which are arguably the biggest factor shaping today’s housing market. Historically, high rates haven’t always caused home prices to drop. For example, in the early 1980s, rates soared to 18%, yet home prices continued to rise. While today’s rates (hovering around 7-8%) seem steep compared to recent years, it’s worth noting that there are far fewer homes for sale, which keeps prices stable.

In fact, as Realtor.com’s data shows, median home prices increased by 1.4% year-over-year, despite high interest rates. Houses are also selling faster, with homes spending just 69 days on the market—a four-day improvement over last year.

How High Interest Rates Impact Real Estate Investments

The Role of Inflation and Predictions for 2024

Inflation has played a key role in pushing interest rates higher. If inflation continues to decline, there’s a chance we’ll see rates come down, which could stimulate the market again. However, it’s hard to predict exactly how much rates will fall. A small drop might make the market more competitive, while a significant drop could lead to a resurgence in demand, possibly driving prices higher again.

While we can’t predict the future, one thing is clear: the low number of listings and persistent demand have helped prevent any drastic price drops.

Future Value Inflation Calculator

Let’s zoom in on my local market in Greeley, Colorado. We’ve seen some fluctuations in pricing, but nothing too extreme. For example, the median sales price for November 2023 was $380,000, down 6% from November 2022, when it was $405,250. But if you compare December prices, you see an increase of 4%, with the median price rising from $405,970 in December 2022 to $423,373 in December 2023.

This variability highlights how easy it is to manipulate data to suggest a “crash” by selectively choosing specific months. Real estate markets are local and often volatile, especially when you’re dealing with small data sets. So, while headlines might shout about a 6% price drop, the reality is often more nuanced.

The Bigger Picture

Ultimately, the current housing market remains challenging, but it’s not on the brink of a crash. There are fewer homes for sale, but prices are staying relatively steady, even with high interest rates. Looking ahead, if rates drop, we could see a more competitive market, but it’s unlikely we’ll see significant price declines.

As always, be cautious of fear-mongering headlines that focus on short-term data points to predict disaster. The reality is more complex, and long-term trends suggest a market that remains stable, even in the face of rising rates and fluctuating inventory.

Thanks for reading, and if you have any questions about real estate or want more insights into the market, hit me up in the comments below.

Source: investfourmore.com

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When people think of Denver, they often picture its vibrant downtown and the stunning backdrop of the Rocky Mountains. However, the true essence of living in Denver extends beyond its urban core. The suburbs of Denver are diverse residential areas that offer a quieter, more relaxed lifestyle while still providing easy access to the city’s exciting amenities. These Denver suburbs are spread across various parts of the metropolitan area, each with its own unique character and appeal, from scenic mountain towns to peaceful, friendly communities.

In this ApartmentGuide article, we’ll explore some of the most notable Denver suburbs—from foothill retreats to master-planned communities—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Denver or curious about the different Denver neighborhoods surrounding the Mile High City, let’s discover the best places to call home in the Denver metro area.

Cost of living in Denver

Before we dive into the top Denver suburbs, let’s cover how much it costs to live in Denver. The overall cost of living in Denver is about 9% higher than the national average, driven largely by housing costs. The median sale price for a home in Denver is around $585,000, which is higher than the national median of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Denver at approximately $2,103, also above the national average of $1,514.

While some suburbs around Denver offer more affordable options, others provide a more upscale, suburban lifestyle at a premium. Here, we’ll explore a range of top suburbs, offering different lifestyles and housing opportunities depending on your budget and preferences.

If you’re looking for more specific rental insights, check out our guides on the 10 Most Affordable Neighborhoods in Denver, CO for Renters in 2024 and the 8 Most Expensive Neighborhoods in Denver to Rent in 2024.

1. Lakewood

Known for: Proximity to downtown, access to parks, and active lifestyle

Lakewood, located just west of downtown Denver, is one of the most convenient suburbs for those who want easy access to the city while still enjoying a more relaxed, suburban setting. Lakewood is a vibrant suburb that offers a mix of residential neighborhoods, shopping, and recreational opportunities, making it ideal for anyone who enjoys an active lifestyle. The Belmar Shopping District is a central hub with trendy restaurants, shops, and entertainment, while outdoor enthusiasts flock to Bear Creek Lake Park and Green Mountain for hiking, biking, and paddleboarding.

Lakewood’s housing market is diverse, offering everything from affordable townhomes and apartments to larger, single-family homes in established neighborhoods. The suburb is also known for its excellent public transportation, making commuting into Denver quick and easy. With plenty of schools, parks, and entertainment options, Lakewood appeals to a wide range of residents.

Population: 160,000
Average rent for a one-bedroom apartment: $1,637
Median home sale price: $555,750
Lakewood transportation scores: Walk Score 43, Bike Score 56, Transit Score 31

Apartments for rent in Lakewood, CO | Houses for rent in Lakewood, CO | Homes for sale in Lakewood, CO

2. Centennial

Known for: Quiet neighborhoods, excellent schools, and suburban amenities

Centennial is a suburb located southeast of Denver, offering a peaceful, residential atmosphere while still providing plenty of amenities. It’s one of Denver’s most sought-after suburbs due to its well-maintained parks, top-rated schools, and friendly neighborhoods. Residents love the abundance of parks and trails, with areas like the Cherry Creek State Park providing outdoor recreation opportunities, including hiking, boating, and picnicking. Centennial’s Streets at SouthGlenn is a popular spot for shopping and dining, making it easy to stay local for daily needs.

Housing in Centennial ranges from large, single-family homes in established neighborhoods to newer developments. Its quiet, suburban feel combined with access to major highways and public transportation makes Centennial a prime location for those who want suburban comfort without being too far from the city.

Population: 110,000
Average rent for a one-bedroom apartment: $1,987
Median home sale price: $632,723
Centennial transportation scores: Walk Score 35, Bike Score 46, Transit Score 21

Apartments for rent in Centennial, CO | Houses for rent in Centennial, CO | Homes for sale in Centennial, CO

3. Littleton

Known for: Historic downtown, outdoor recreation, and small-town charm

Littleton, located southwest of Denver, is a suburb that offers a blend of historic charm and modern conveniences. Its quaint downtown area, known as Historic Downtown Littleton, is lined with local boutiques, art galleries, and cafes, giving it a small-town feel that residents and visitors alike adore. Despite its charming, small-town atmosphere, Littleton offers easy access to both Denver and the Rocky Mountains, making it a popular choice for outdoor enthusiasts.

For those who love the outdoors, Littleton is home to multiple parks and open spaces, including Chatfield State Park, which offers hiking, camping, and water activities. The housing market in Littleton is diverse, with options ranging from historic homes with character to new-builds in modern developments. The mix of community activities, outdoor recreation, and historic appeal makes Littleton a well-rounded suburb with something for everyone.

Population: 48,000
Average rent for a one-bedroom apartment: $1,925
Median home sale price: $639,500
Littleton transportation scores: Walk Score 40, Bike Score 45, Transit Score 29

Apartments for rent in Littleton, CO | Houses for rent in Littleton, CO | Homes for sale in Littleton, CO

4. Highlands Ranch

Known for: Master-planned community, parks, and suburban living

Highlands Ranch, located about 15 miles south of Denver, is one of Colorado’s largest master-planned communities. Known for its well-designed neighborhoods, extensive green spaces, and variety of recreational activities, Highlands Ranch is a top choice for those who enjoy suburban living with plenty of amenities. The community offers over 70 miles of trails, four large recreation centers, and numerous parks, making it a haven for fitness and outdoor enthusiasts.

Housing in Highlands Ranch ranges from large, family-sized homes to modern townhouses, with most neighborhoods featuring tree-lined streets and beautifully maintained landscaping. The area is also known for its excellent schools and strong sense of community, making it a great place for those looking for a more relaxed, suburban atmosphere while staying connected to Denver.

Population: 105,000
Average rent for a one-bedroom apartment: $2,798
Median home sale price: $725,000
Highlands Ranch transportation scores: Walk Score 28, Bike Score 49

Apartments for rent in Highlands Ranch, CO | Houses for rent in Highlands Ranch, CO | Homes for sale in Highlands Ranch, CO

5. Arvada

Known for: Historic Olde Town, vibrant arts scene, and proximity to the mountains

Arvada, located northwest of Denver, offers a unique blend of small-town charm and urban sophistication. Known for its Historic Olde Town district, Arvada has a vibrant downtown area filled with local breweries, restaurants, and boutiques. The suburb’s proximity to the foothills of the Rocky Mountains makes it a great location for outdoor lovers who want quick access to hiking, biking, and scenic views.

Arvada’s housing options range from historic homes in the heart of Olde Town to more modern developments on the outskirts. The suburb has grown rapidly in recent years, attracting a mix of individuals who appreciate the area’s cultural and recreational offerings. With easy access to both Denver and the mountains, Arvada is a desirable suburb for residents of all lifestyles.

Population: 125,000
Average rent for a one-bedroom apartment: $1,473
Median home sale price: $608,750
Arvada transportation scores: Walk Score 35, Bike Score 50, Transit Score 23

Apartments for rent in Arvada, CO | Houses for rent in Arvada, CO | Homes for sale in Arvada, CO

6. Broomfield

Known for: Modern developments, proximity to Boulder, and tech industry presence

Broomfield is a rapidly growing suburb located between Denver and Boulder, making it a convenient location for commuters who work in either city. Known for its modern housing developments, Broomfield has become a hub for tech professionals and new residents. The suburb is home to several large tech companies, and its proximity to employment centers in both Boulder and Denver has made it a prime residential area.

Broomfield offers numerous parks, walking trails, and open spaces, fostering an active, community-focused atmosphere. Housing in Broomfield is a mix of newer developments and planned communities, with many homes featuring modern designs and amenities. It’s an ideal location for those who want suburban comfort with access to both Denver and Boulder.

Population: 75,000
Average rent for a one-bedroom apartment: $1,822
Median home sale price: $652,000
Broomfield transportation scores: Walk Score 33, Bike Score 58, Transit Score 10

Apartments for rent in Broomfield, CO | Houses for rent in Broomfield, CO | Homes for sale in Broomfield, CO

7. Golden

Known for: Scenic mountain views, historic charm, and outdoor recreation

Golden is a picturesque suburb located at the foot of the Rocky Mountains, just west of Denver. Known for its breathtaking views and outdoor activities, Golden is a paradise for nature lovers and outdoor enthusiasts. The suburb is home to Clear Creek, where residents can enjoy kayaking, fishing, and tubing, as well as Lookout Mountain, which offers panoramic views of the surrounding area.

Golden’s historic downtown area features charming shops, restaurants, and art galleries, giving it a small-town vibe while still being close to Denver. The suburb is also home to the Colorado School of Mines and the Coors Brewery, adding an educational and cultural component to the area. Housing in Golden ranges from cozy historic homes to large, modern residences with mountain views.

Population: 21,000
Average rent for a one-bedroom apartment: $2,139
Median home sale price: $1,300,000
Golden transportation scores: Walk Score 42, Bike Score 56

Apartments for rent in Golden, CO | Houses for rent in Golden, CO | Homes for sale in Golden, CO

8. Thornton

Known for: Rapid growth, affordable housing, and community-focused atmosphere

Thornton, located north of Denver, is one of the fastest-growing suburbs in the metro area. Known for its more affordable housing market, Thornton offers a range of housing options, from starter homes to spacious single-family residences. The suburb has experienced a lot of recent development, bringing new shopping centers, restaurants, and schools to the area.

Thornton also offers plenty of parks, trails, and open spaces, making it a great choice for those who enjoy the outdoors. With its proximity to Denver, Thornton is a popular suburb for those seeking affordable living without sacrificing convenience or amenities.

Population: 145,000
Average rent for a one-bedroom apartment: $1,689
Median home sale price: $515,000
Thornton transportation scores: Walk Score 32, Bike Score 48, Transit Score 24

Apartments for rent in Thornton, CO | Houses for rent in Thornton, CO | Homes for sale in Thornton, CO

9. Parker

Known for: Quiet living, equestrian culture, and open spaces

Parker, located southeast of Denver, offers a rural, small-town feel while still providing easy access to the city. Known for its equestrian culture, Parker has a variety of open spaces, parks, and trails, making it an attractive option for those who enjoy outdoor activities. The suburb also features a charming downtown area with local shops, cafes, and community events, giving residents a strong sense of community.

Parker’s housing market is a mix of large estates, modern homes, and townhomes, providing options for a range of budgets. Its quieter pace of life and access to the outdoors make it a great place for anyone looking to escape the hustle and bustle of Denver.

Population: 60,000
Average rent for a one-bedroom apartment: $1,807
Median home sale price: $676,500
Parker transportation scores: Walk Score 21, Bike Score 44

Apartments for rent in Parker, CO | Houses for rent in Parker, CO | Homes for sale in Parker, CO

Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Denver area. Average rent and home sale price data were sourced from Redfin and Rent.com as of September 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.

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When people think of Las Vegas, they often picture the bright lights and nonstop energy of the Strip, but the true essence of living in Las Vegas extends far beyond the bustling entertainment district. The suburbs of Las Vegas offer a quieter, more relaxed lifestyle while still providing easy access to the city’s vibrant amenities, from world-class dining and shopping to outdoor recreation. These Las Vegas suburbs are spread across the sprawling metropolitan area, each with its own unique character and appeal, ranging from master-planned communities to peaceful desert retreats.

In this ApartmentGuide article, we’ll explore some of the most notable Las Vegas suburbs—from thriving residential communities to luxury enclaves—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Las Vegas or curious about the diverse Las Vegas neighborhoods surrounding the city, let’s discover the best parts of Las Vegas to call home.

Cost of living in Las Vegas

Before we dive into the top Las Vegas suburbs, let’s cover how much it costs to live in Las Vegas. The overall cost of living in Las Vegas is 1% lower than the national average, making it an affordable option compared to other major cities. Housing is a key factor, with the median sale price for a home in Las Vegas at around $433,975, which is close to the national median of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Las Vegas at approximately $1,356, just below the national average of $1,514.

While some suburbs around Las Vegas offer more affordable housing options, others provide luxurious living at a higher cost. Here, we’ll explore a variety of top suburbs, each offering different lifestyle and housing opportunities depending on your budget and preferences.

If you’re looking for more specific rental insights, check out our guides on the 5 Most Affordable Neighborhoods in Las Vegas, NV for Renters in 2024 and the 14 Most Expensive Neighborhoods in Las Vegas to Rent in 2024.

1. Summerlin

Known for: Master-planned community, outdoor recreation, and upscale living

Summerlin is one of the most desirable suburbs of Las Vegas, located to the west of the city at the edge of the Red Rock Canyon National Conservation Area. It’s known for being a well-planned, upscale community with an abundance of parks, trails, and golf courses. Summerlin also offers a thriving retail and dining scene, with shopping centers like Downtown Summerlin offering everything from high-end boutiques to casual dining.

The area is perfect for outdoor enthusiasts who enjoy hiking, biking, and other recreational activities, thanks to its proximity to Red Rock Canyon. Summerlin’s reputation for excellent schools, modern amenities, and luxurious homes makes it a top choice for residents seeking a more refined suburban lifestyle.

Population: 123,000
Average rent for a one-bedroom apartment: $1,356
Median home sale price: $648,000
Summerlin transportation scores: Walk Score 22, Bike Score 34, Transit Score 28

Apartments for rent in Summerlin, NV | Houses for rent in Summerlin, NV | Homes for sale in Summerlin, NV

2. Henderson

Known for: Peaceful environment, community atmosphere, and growing economy

Henderson, located just southeast of Las Vegas, is one of the largest and most popular suburbs in the area. Known for its welcoming environment, Henderson consistently ranks among the most desirable cities to live in the U.S. The suburb offers a wide range of housing options, from affordable apartments to sprawling estates. Henderson has a robust job market, thanks to its growing economy, which includes industries like healthcare, education, and tech.

Outdoor activities are also plentiful in Henderson, with multiple parks, trails, and recreational areas such as Lake Mead and the Sloan Canyon National Conservation Area nearby. Henderson’s blend of affordability and access to nature make it a top choice for many residents.

Population: 320,000
Average rent for a one-bedroom apartment: $1,693
Median home sale price: $495,000
Henderson transportation scores: Walk Score 30, Bike Score 44, Transit Score 25

Apartments for rent in Henderson, NV | Houses for rent in Henderson, NV | Homes for sale in Henderson, NV

3. North Las Vegas

Known for: Affordable housing, diverse neighborhoods, and a growing community

North Las Vegas is one of the fastest-growing suburbs in the Las Vegas metropolitan area, located just to the north of the city. It’s known for offering more affordable housing options compared to other Las Vegas suburbs, making it an appealing choice for those looking to buy or rent on a budget. The area has a diverse population, and its growing infrastructure includes new schools, parks, and shopping centers, reflecting its continued development.

North Las Vegas also offers convenient access to downtown Las Vegas, making it a great option for commuters. The area’s affordability, growth, and proximity to the city make it a popular choice for both professionals and residents seeking a more relaxed lifestyle.

Population: 260,000
Average rent for a one-bedroom apartment: $1,351
Median home sale price: $410,000
North Las Vegas transportation scores: Walk Score 34, Bike Score 48, Transit Score 33

Apartments for rent in North Las Vegas, NV | Houses for rent in North Las Vegas, NV | Homes for sale in North Las Vegas, NV

4. Enterprise

Known for: Newer developments, modern amenities, and suburban convenience

Enterprise, located southwest of Las Vegas, is a rapidly growing suburb known for its newer developments and modern communities. The area has seen significant residential growth in recent years, with an abundance of new homes, townhouses, and apartments being built. Enterprise also offers plenty of amenities, including shopping centers, restaurants, and entertainment options, making it a convenient place to live.

Enterprise’s proximity to the Las Vegas Strip, as well as its quieter suburban feel, makes it a great choice for those who want the best of both worlds: easy access to the excitement of Las Vegas and a peaceful residential environment.

Population: 230,000
Median home sale price: $505,000
Enterprise transportation scores: Walk Score 25, Bike Score 36

Apartments for rent in Enterprise, NV | Houses for rent in Enterprise, NV | Homes for sale in Enterprise, NV

5. Boulder City

Known for: Small-town feel, proximity to Lake Mead, and historical significance

Boulder City, located southeast of Las Vegas, offers a quieter, small-town lifestyle compared to the bustling city. Known for being a gateway to Hoover Dam and Lake Mead, it’s perfect for outdoor enthusiasts who enjoy boating, fishing, and hiking. Boulder City has strict development laws, which maintain its small-town charm and limit overdevelopment.

The housing market includes older homes with character as well as newer developments. Boulder City is an ideal choice for those who appreciate history, nature, and a slower pace of life while still being close to Las Vegas.

Population: 16,000
Average rent for a one-bedroom apartment: $1,060
Median home sale price: $420,625
Boulder City transportation scores: Walk Score 70, Bike Score 63

Apartments for rent in Boulder City, NV | Houses for rent in Boulder City, NV | Homes for sale in Boulder City, NV

6. Aliante

Known for: Master-planned community, parks, and amenities for all ages

Aliante, located in North Las Vegas, is a newer master-planned community known for its parks, golf courses, and quiet residential streets. The area features modern homes and townhouses, offering residents a suburban feel while being close to the amenities of Las Vegas. Aliante Nature Discovery Park and the Aliante Golf Club are popular spots for recreation.

The community is ideal for those who enjoy outdoor living and well-planned spaces, with plenty of parks and open areas. Aliante’s modern infrastructure and convenient location make it an appealing choice for those looking for a suburban oasis near the city.

Population: 30,000
Average rent for a one-bedroom apartment: $1,351
Median home sale price: $458,000
Aliante transportation scores: Walk Score 45, Bike Score 47, Transit Score 27

Apartments for rent in Aliante, NV | Houses for rent in Aliante, NV | Homes for sale in Aliante, NV

7. Centennial Hills

Known for: Friendly environment, parks, and suburban growth

Centennial Hills is a fast-growing suburb located in the northwest part of Las Vegas. The area is known for its welcoming neighborhoods, well-maintained parks, and recreational areas, including the popular Centennial Hills Park. The community offers a blend of new developments and more established neighborhoods, making it a popular choice for residents who want suburban comfort without being too far from the city.

Centennial Hills has a range of housing options, from affordable single-family homes to larger estates. The area’s proximity to shopping centers, schools, and recreational facilities makes it an attractive choice for a wide range of residents.

Population: 45,000
Average rent for a one-bedroom apartment: $1,356
Median home sale price: $436,500
Centennial Hills transportation scores: Walk Score 41, Bike Score 43, Transit Score 30

Apartments for rent in Centennial Hills, NV | Houses for rent in Centennial Hills, NV | Homes for sale in Centennial Hills, NV

8. Southern Highlands

Known for: Luxury living, golf courses, and gated communities

Southern Highlands is an upscale, master-planned community located in the southern part of Las Vegas. Known for its luxury homes, gated communities, and beautifully landscaped streets, it offers a higher-end living experience. The area is home to the Southern Highlands Golf Club and numerous parks and walking trails, making it ideal for those who enjoy outdoor activities and an exclusive suburban lifestyle.

Southern Highlands has a mix of upscale single-family homes, custom estates, and townhomes. Its convenient location near I-15 provides easy access to the Las Vegas Strip, making it perfect for those who want luxury living close to the city.

Population: 35,000
Median home sale price: $585,000
Southern Highlands transportation scores: Walk Score 19, Bike Score 29

Apartments for rent in Southern Highlands, NV | Houses for rent in Southern Highlands, NV | Homes for sale in Southern Highlands, NV

9. Inspirada

Known for: Newer developments, parks, and community events

Inspirada is a newer master-planned community located within Henderson, offering a mix of modern homes, community parks, and a variety of recreational options. The area is known for its modern infrastructure, making it one of the most sought-after developments in the Las Vegas area. Inspirada features extensive green spaces, walking trails, and sports facilities, making it perfect for active residents.

The community hosts regular events, markets, and activities that help foster a close-knit environment. Inspirada is ideal for those looking for a newer suburban neighborhood with plenty of amenities.

Population: 15,000
Average rent for a one-bedroom apartment: $1,693
Median home sale price: $517,450
Inspirada transportation scores: Bike Score 34

Apartments for rent in Inspirada, NV | Houses for rent in Inspirada, NV | Homes for sale in Inspirada, NV

Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Las Vegas area. Average rent and home sale price data were sourced from Redfin and Rent.com as of September 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.

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While lower mortgage rates have reinvigorated hope for the stalling housing market, 2025 might not wind up much better than 2024.

Sure, lower interest rates boost affordability, but there are other components to a home purchase that remain cost-prohibitive.

Whether it’s simply an asking price that’s out of reach, or rising insurance premiums and lofty property taxes. Or other monthly bills that eat away at the housing budget.

This explains why mortgage origination forecasts for purchase lending continue to be pretty dismal.

However, the emerging trend of rising mortgage refinance volume should get stronger into 2025.

2024 Purchase Volume Has Been Revised Down

A new report from iEmergent revealed that 2024 purchase mortgage originations are projected to fall in terms of loan count when compared to 2023.

In other words, despite lower mortgage rates, the number of home purchase loans is now expected to fall below 2023 levels.

However, thanks to an increase in average loan size, the company believes purchase loan volume will still see a modest increase of 3.5% year-over-year.

To blame is still-high mortgage rates, which peaked about a year ago and have since fallen nearly two percentage points.

But home prices remain elevated, and when combined with a 6% mortgage rate and steep insurance premiums and rising property taxes, the math often doesn’t pencil.

Adding to affordability woes is the continued lack of existing home supply. There simply aren’t enough homes for sale, which has kept prices high in spite of reduced demand.

Refis Expected to Jump Nearly 50% from 2023 Lows

On the other side of the coin, mortgage refinances are finally showing strength thanks to that pronounced decline in mortgage rates.

They bottomed in late 2024 when the 30-year fixed hit the 8% mark, with only a handful of cash out refinances making sense for those in need of payment relief (on other debt).

But since then rate and term refinances have picked up tremendously as recent vintages of mortgages have fallen “into the money” for monthly payment savings.

As noted a week ago, rate and term refis surged 300% in August from a year earlier and the refinance share of total loan production rose to 26%, the highest figure since early 2022.

Chances are it will continue to grow into 2025 as mortgage rates are expected to ease further this year and next.

iEmergent said they “expect rates to finally start declining in the months ahead,” on top of the near-2% decline we’ve already seen.

While many have argued that the rate cuts are mostly baked into mortgage rates already, which explained mortgage rates rising after the Fed cut, there’s still a lot of economic uncertainty ahead.

The 50-basis point came as a surprise to many and another one could be on deck for November, currently holding a 60% probability per CME FedWatch.

If it turns out the Fed has gotten behind the eight ball, 10-year bond yields (which track mortgage rates) could drop more than is already penciled in.

At the same time, there’s still room for mortgage spreads to compress as the market normalizes and adjusts to the new lower rates (and higher loan volumes ahead).

2025 Refinance Volume Slated to Rise Another 38%

Looking forward to 2025, the refinance picture is expected to get even brighter, with such loans rising a further 38% (in dollar amount) from 2024.

This will likely continue to be driven by rate and term refis as interest rates continue to improve and the millions who took out loans since 2022 take advantage of cheaper rates.

But it could also come in the form of cash out refinances, which will become more attractive as well.

Even if an existing homeowner has a rate of say 4%, something in the high-5s or low 6% range could work if they need cash.

This could be a reflection of increasing debts in other departments, as pandemic-era savings run dry.

Ultimately, homeowners have barely touched their equity this housing cycle, so there’s an expectation that it’ll happen at some point, especially with home equity at record highs.

You might also see this in the form of second mortgage lending, with HELOC rates expected to fall another 2% as the prime rate is lowered by that same amount over the next 12 months.

Meanwhile, iEmergent is forecasting a paltry 6.5% increase in purchase volume in 2025, pushing overall dollar volume growth to just 13.3%

As for why purchase lending is projected to be relatively flat next year, it’s a wider economy story.

If economic growth continues to decelerate and a recession takes place, a weaker labor market with higher unemployment could dampen home buyer demand.

So even if mortgage rates decline more as a result, you’ve got fewer willing and able buyers, despite lower monthly payments.

This explains the phenomenon of how home prices and mortgage rates can fall in tandem.

They might not, but it at least debunks the idea of there being an inverse relationship between the two.

Long story short, 2025 should be better for mortgage originators thanks to refis, but don’t get your hopes up on purchase lending seeing a big jump thanks to lower rates.

Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
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Source: thetruthaboutmortgage.com