A Las Vegas Valley worker has to make at least $57.22 an hour to afford a mortgage payment right now, according to a new study by UNLV’s Lied Center for Real Estate.

As housing prices soar, many are turning to affordable alternatives like tiny homes, RVs, and mobile homes. UNLV Professor Nicholas Irwin, Research Director at the Lied Center for Real Estate, highlighted the changing standards in housing.

While manufactured homes can be of high quality, they tend to depreciate faster than traditionally built homes.

Notices of default issued to property owners across the Las Vegas Valley jumped 28% year-over-year, signaling growing distress in the housing market, according to a summer report from UNLV’s Lied Center for Real Estate. The significant increase points to more homeowners struggling to meet their mortgage obligations.

TJ Modi, founder and CEO of American Tiny Homes Community, is bringing his vision of affordable tiny home living to Southern Nevada. The new community, located off North Las Vegas Boulevard, is set to open next month and will feature colorful Boxabl homes, a product of the Las Vegas-based manufacturer.

The One Big Beautiful Bill Act lowers the threshold for affordable housing developers to qualify for federal, noncompetitive Low-Income Housing Tax Credits and increase the amount of competitive credits available by 12 percent. Consulting firm Novogradac predicts these changes could result in the financing of 1.22 million additional affordable rental homes by 2035.

The Southwest Valley has a new reason to celebrate as Costco opened its newest location, bringing hundreds of job opportunities to one of the fastest-growing areas in town.

As tourism slumps in Las Vegas, the residential and commercial real estate markets are showing similarly worrisome signs, according to analysts and stakeholders.