The Housing Market in Sunrise Manor Today
Sunrise Manor, a census-designated place in Clark County, Nevada, is experiencing shifts in its housing market as of 2025. Inventory has tightened in recent months, with fewer homes and apartments available for rent or purchase compared to the previous year. However, new housing developments are rising in the downtown area, promising to bring additional units to the market in the near future.
The local housing climate reflects broader economic trends in the Las Vegas metropolitan area. Job growth has been steady, attracting new residents and putting pressure on the existing housing supply. At the same time, rising interest rates have made homeownership more expensive, leading some would-be buyers to remain in the rental market for longer.
Renting in Sunrise Manor: What’s Typical?
For renters in Sunrise Manor, the average monthly rent for a one-bedroom apartment is currently around $1,100, while a two-bedroom unit typically goes for $1,350. These figures represent a 4% increase compared to the previous year, slightly outpacing inflation.
Rent trends vary somewhat by neighborhood, with the most affordable options found in the northern part of Sunrise Manor, further from the Las Vegas Strip. Availability is tightest for apartments with modern amenities like in-unit laundry and covered parking, which are popular among young professionals and small families.
Many newer apartment complexes in Sunrise Manor include utilities like trash and internet service in the monthly rent, which can make budgeting easier for tenants. Renters should still plan for expenses like electricity, which averages $120 per month for a one-bedroom unit, and renter’s insurance, which typically costs $15-20 per month.
Owning a Home in Sunrise Manor
For those looking to buy a home in Sunrise Manor, the median sale price currently stands at $325,000, up 6% from the previous year. With a 10% down payment and a 30-year fixed mortgage at 6.5% interest, the estimated monthly payment for a typical buyer would be around $2,450, including principal, interest, taxes, and insurance.
In addition to the mortgage payment, homeowners in Sunrise Manor should budget for ongoing costs like property taxes (which average 0.7% of the home’s assessed value), homeowners insurance (which typically costs $800-1,200 per year), and HOA dues (which can range from $50-300 per month, depending on the community and amenities).
Utilities tend to be higher for homeowners than renters, given the larger average size of houses compared to apartments. In Sunrise Manor, many homes use swamp coolers for air conditioning, which can help reduce cooling bills in the hot summer months. Homeowners should budget an average of $200 per month for electricity and gas.
Renters vs. Homeowners: Who Lives Where?
According to the most recent census data, the homeownership rate in Sunrise Manor is around 52%, slightly lower than the national average of 64%. This means that nearly half of households in the area are renters.
The decision to rent or buy often depends on factors like age, income, and family size. Young professionals and new arrivals to the Las Vegas area often start out as renters, taking advantage of the flexibility and lower upfront costs compared to buying. Families with children may prioritize homeownership for the stability and space it provides, particularly in neighborhoods with good schools.
For some residents, particularly those with lower incomes or inconsistent employment, the financial barriers to homeownership can be significant. Saving for a down payment, qualifying for a mortgage, and keeping up with ongoing costs like maintenance and repairs can be challenging, making renting the more feasible option.
Table: Typical Monthly Housing Costs in Sunrise Manor
Here’s what housing costs might look like each month in Sunrise Manor:
| Expense | Renting (1BR) | Owning |
|---|---|---|
| Rent/Mortgage | $1,100 | $2,450 |
| Property Tax | $0 | $190 |
| Insurance | $15 | $100 |
| Utilities | $120 | $200 |
| HOA | $0 | $50 |
| Total | $1,235 | $2,990 |
Estimates reflect mid-range properties and average usage.
What’s Driving Costs Up or Down?
Several factors are influencing housing costs in Sunrise Manor and the broader Las Vegas metropolitan area. On the demand side, job growth and population growth are putting upward pressure on prices, as more people compete for a limited supply of homes and apartments.
On the supply side, construction activity has been somewhat constrained by rising costs for labor, materials, and land. Zoning regulations and permitting processes can also slow the pace of new development. However, there are signs of increased building activity, particularly in the multifamily sector, which could help ease rental price growth in the coming years.
Other policy factors, like rent control measures or property tax limits, can also affect the housing market. Nevada law currently prohibits local governments from enacting rent control, but there have been efforts to change this in recent years. Property tax increases are capped at 3% per year for owner-occupied homes and 8% for other properties, which can provide some predictability for homeowners.
FAQs About Housing in Sunrise Manor
Is Sunrise Manor affordable to live in?
Compared to some other parts of the Las Vegas area, Sunrise Manor is relatively affordable, with lower housing costs than neighborhoods closer to the Strip or in the suburbs. However, affordability ultimately depends on individual circumstances, like income, family size, and other expenses.
Why are housing prices changing?
Housing prices in Sunrise Manor are influenced by supply and demand factors, like population growth, job growth, construction activity, and interest rates. As more people move to the area and compete for a limited supply of homes and apartments, prices tend to rise.
How does Sunrise Manor compare to nearby cities?
Sunrise Manor is generally more affordable than neighborhoods closer to downtown Las Vegas or in the western suburbs. However, it may be slightly more expensive than some other parts of the Las Vegas Valley, like North Las Vegas or the eastern suburbs.
Making Smart Housing Decisions in Sunrise Manor
For those considering a move to Sunrise Manor or a change in their housing situation, it’s important to weigh the costs and benefits of renting versus owning. Renting offers flexibility and lower upfront costs, but homeownership can provide stability, tax benefits, and the opportunity to build equity over time.
Ultimately, the right choice depends on individual circumstances and priorities. Those planning to stay in the area for several years and who have the financial means may find that buying a home makes sense. Those who value flexibility or who are unsure about their long-term plans may be better off renting.
Regardless of whether one rents or owns, it’s important to budget carefully and plan for both upfront and ongoing costs. Monthly Budget Examples for Sunrise Manor Residents can provide a helpful starting point. And for a broader look at the cost of living in the area, see our Cost of Living in Sunrise Manor (2025 Guide).
The Housing Market in Sunrise Manor Today
Sunrise Manor, a census-designated place in Clark County, Nevada, is experiencing shifts in its housing market as of 2025. Inventory has tightened in recent months, with fewer homes and apartments available for rent or purchase compared to the previous year. However, new housing developments are rising in the downtown area, promising to bring additional units to the market in the near future.
The local housing climate reflects broader economic trends in the Las Vegas metropolitan area. Job growth has been steady, attracting new residents and putting pressure on the existing housing supply. At the same time, rising interest rates have made homeownership more expensive, leading some would-be buyers to remain in the rental market for longer.
Renting in Sunrise Manor: What’s Typical?
For renters in Sunrise Manor, the average monthly rent for a one-bedroom apartment is currently around $1,100, while a two-bedroom unit typically goes for $1,350. These figures represent a 4% increase compared to the previous year, slightly outpacing inflation.
Rent trends vary somewhat by neighborhood, with the most affordable options found in the northern part of Sunrise Manor, further from the Las Vegas Strip. Availability is tightest for apartments with modern amenities like in-unit laundry and covered parking, which are popular among young professionals and small families.
Many newer apartment complexes in Sunrise Manor include utilities like trash and internet service in the monthly rent, which can make budgeting easier for tenants. Renters should still plan for expenses like electricity, which averages $120 per month for a one-bedroom unit, and renter’s insurance, which typically costs $15-20 per month.
Owning a Home in Sunrise Manor
For those looking to buy a home in Sunrise Manor, the median sale price currently stands at $325,000, up 6% from the previous year. With a 10% down payment and a 30-year fixed mortgage at 6.5% interest, the estimated monthly payment for a typical buyer would be around $2,450, including principal, interest, taxes, and insurance.
In addition to the mortgage payment, homeowners in Sunrise Manor should budget for ongoing costs like property taxes (which average 0.7% of the home’s assessed value), homeowners insurance (which typically costs $800-1,200 per year), and HOA dues (which can range from $50-300 per month, depending on the community and amenities).
Utilities tend to be higher for homeowners than renters, given the larger average size of houses compared to apartments. In Sunrise Manor, many homes use swamp coolers for air conditioning, which can help reduce cooling bills in the hot summer months. Homeowners should budget an average of $200 per month for electricity and gas.
Renters vs. Homeowners: Who Lives Where?
According to the most recent census data, the homeownership rate in Sunrise Manor is around 52%, slightly lower than the national average of 64%. This means that nearly half of households in the area are renters.
The decision to rent or buy often depends on factors like age, income, and family size. Young professionals and new arrivals to the Las Vegas area often start out as renters, taking advantage of the flexibility and lower upfront costs compared to buying. Families with children may prioritize homeownership for the stability and space it provides, particularly in neighborhoods with good schools.
For some residents, particularly those with lower incomes or inconsistent employment, the financial barriers to homeownership can be significant. Saving for a down payment, qualifying for a mortgage, and keeping up with ongoing costs like maintenance and repairs can be challenging, making renting the more feasible option.
Table: Typical Monthly Housing Costs in Sunrise Manor
Here’s what housing costs might look like each month in Sunrise Manor:
| Expense | Renting (1BR) | Owning |
|---|---|---|
| Rent/Mortgage | $1,100 | $2,450 |
| Property Tax | $0 | $190 |
| Insurance | $15 | $100 |
| Utilities | $120 | $200 |
| HOA | $0 | $50 |
| Total | $1,235 | $2,990 |
Estimates reflect mid-range properties and average usage.
What’s Driving Costs Up or Down?
Several factors are influencing housing costs in Sunrise Manor and the broader Las Vegas metropolitan area. On the demand side, job growth and population growth are putting upward pressure on prices, as more people compete for a limited supply of homes and apartments.
On the supply side, construction activity has been somewhat constrained by rising costs for labor, materials, and land. Zoning regulations and permitting processes can also slow the pace of new development. However, there are signs of increased building activity, particularly in the multifamily sector, which could help ease rental price growth in the coming years.
Other policy factors, like rent control measures or property tax limits, can also affect the housing market. Nevada law currently prohibits local governments from enacting rent control, but there have been efforts to change this in recent years. Property tax increases are capped at 3% per year for owner-occupied homes and 8% for other properties, which can provide some predictability for homeowners.
FAQs About Housing in Sunrise Manor
Is Sunrise Manor affordable to live in?
Compared to some other parts of the Las Vegas area, Sunrise Manor is relatively affordable, with lower housing costs than neighborhoods closer to the Strip or in the suburbs. However, affordability ultimately depends on individual circumstances, like income, family size, and other expenses.
Why are housing prices changing?
Housing prices in Sunrise Manor are influenced by supply and demand factors, like population growth, job growth, construction activity, and interest rates. As more people move to the area and compete for a limited supply of homes and apartments, prices tend to rise.
How does Sunrise Manor compare to nearby cities?
Sunrise Manor is generally more affordable than neighborhoods closer to downtown Las Vegas or in the western suburbs. However, it may be slightly more expensive than some other parts of the Las Vegas Valley, like North Las Vegas or the eastern suburbs.
Making Smart Housing Decisions in Sunrise Manor
For those considering a move to Sunrise Manor or a change in their housing situation, it’s important to weigh the costs and benefits of renting versus owning. Renting offers flexibility and lower upfront costs, but homeownership can provide stability, tax benefits, and the opportunity to build equity over time.
Ultimately, the right choice depends on individual circumstances and priorities. Those planning to stay in the area for several years and who have the financial means may find that buying a home makes sense. Those who value flexibility or who are unsure about their long-term plans may be better off renting.
Regardless of whether one rents or owns, it’s important to budget carefully and plan for both upfront and ongoing costs. Monthly Budget Examples for Sunrise Manor Residents can provide a helpful starting point. And for a broader look at the cost of living in the area, see our Cost of Living in Sunrise Manor (2025 Guide).