It’s a sure bet that buying a home in Las Vegas these days is less expensive than renting one, due to the city’s No. 1 spot on the list of cities with the most foreclosures; the resulting declines in home prices put its price-to-rent ratio at 6. While the city’s 13.8 percent unemployment rate ranks No. 2 in the nation, it does boast the fastest declining (improving) unemployment rate nationwide, having had a 1.5 percent year-over-year decline from June 2010 to June 2011.
Median sales price: $115,200
Property Address: 1977 Cherry Creek Circle, Las Vegas, Nevada
Bedrooms: 5 | Bathrooms: 6 | Square Footage: 5,037
List Price: $1,000,000