Though Nevada may not be as popular as Florida or Arizona when it comes to choosing a retirement destination, savvy buyers may want to give Las Vegas a closer look. With low taxes, affordable housing and plenty of popular attractions, it’s no wonder that Las Vegas and its surrounding areas are gaining popularity among active adult community builders.
What’s the Weather Like?
Active adults who were hit hard with winter snowstorms may now be looking toward warmer locations. With its arid, desert climate, Las Vegas delivers year-round sunshine. Though the summers are hot, and temperatures often reach over 100 degrees, it is a dry heat with humidity that is frequently below 10 percent. The short winter season is generally mild with average daytime temperatures in the 60s.
Las Vegas may be known for its casinos, but plenty of other attractions can be found both within the famous Las Vegas strip and in the surrounding areas. World-class dining, shopping, and cultural attractions are within an easy distance from many popular communities. Only an hour away, Lake Mead offers superb boating, fishing, swimming, and other outdoor recreations.
Tax Benefits of Las Vegas
Retirees are often drawn to Nevada for its low taxes. There is no state income tax and Nevada’s sales tax is 6.5 percent. Property tax is relatively low and homeowners over the age of 62 may qualify for the state’s Senior Tax Assistance/Rent Rebate Program. Just outside of Las Vegas, the city of Henderson was recently listed among the top ten tax havens for retirees by U.S. News and World Report.
Since 2006, there has been a 60 percent decline in home prices. By taking advantage of this buyers’ market, potential residents may be able to purchase a high-quality home at a very attractive price. This may prove to be a wise investment when the housing market recovers, especially if Las Vegas continues to gain popularity among active adults.
Communities of the Las Vegas Area
There are several age-restricted active adult communities located within the Las Vegas area. This includes many popular Del Webb communities, such as Sun City Summerlin, Sun City Anthem, and Sun City Aliante. Yet Del Webb is not the only builder to see the value in Las Vegas. Other popular active adult communities in the area include Siena by Sunrise Colony Company, and Ardiente, which was built by Centex, but recently acquired by Shea Homes.
Though Florida, Arizona, and the Carolinas may be among the current most popular retirement destinations, many speculate that Nevada’s popularity is on the rise. When looking for an active adult community with low taxes, a warm climate and plenty of attractions, consider Las Vegas. The high chance of reward on this gamble just might surprise you.