Looking at the low gap between rent and mortgage

What do you get when you combine rising rental payments in Las Vegas with falling interest rates? You get affordability.

According to Meyers Research Group, a leading real estate consulting firm, the gap between the median rent payment and the median mortgage payment for a single-family home in Las Vegas is extremely narrow due to falling interest rates. This means it costs about the same per month to rent as it does to own your own home.

Couple the affordability of homeownership with the new work-from-home phenomenon and you get a new group of homebuyers who are seeking a more functional floor plan with improved interior characteristics.

In a recent study, also by Meyers ResearchGroup, consumers said affordability, more functional space and better interior style were at the top of their list of lifestyle features in a new home.

When you’re ready to stop renting, and start building equity, let Paragon Life Builders help you on your journey to homeownership with a new loft-inspired town home at Paragon Lofts. Not only does town home living offer a low-maintenance lifestyle, but the open floor plans allow you to create spaces that fit your needs whether it be office space, a classroom or home gym.

Paragon Lofts features two- and three-story floor plans with attached garages near the south end of the Las Vegas Strip with many shopping, dining and entertainment options nearby, plus it’s only minutes from Allegiant Stadium, South Point, Town Square and McCarran International Airport.

Priced from the low-$300,000s, these unique residences include modern gourmet kitchens with stainless steel appliances, 42-inch upper cabinets, quartz countertops and undermount sinks. Some plans feature first-floor master suites with covered patio access or private balconies.

For more information or to schedule a private tour, contact community manager, Ryan Williams, at 702-767-0727 or visit http://www.paragonlofts.com.

*Median rent payment vs. median mortgage payment data sourced by Meyers Research, NAR, Zillow, Wallethub and FreddieMac.

Homes are exclusively listed by Coldwell Banker Premier Realty.