Home prices on the rise in once-affordable Nevada

With midterms on the horizon, voters in this swing state are angry over cost of living.

- BY JONATHAN J. COOPER

HOME sites under construction in Las Vegas, where the median home price rose 65% from 2020 to last year.

(JOHN LOCHER Associated Press)

When his parents were about his age, they bought their first home. But for 27-year-old Brian Torres Suazo, that milestone feels like a distant dream, despite a secure job with union wages and down payment assistance.

Torres Suazo expects to continue sharing an apartment with roommates for the foreseeable future, kept on the sidelines of home-ownership by stubbornly high costs, even in cities once known for their affordability, such as his native Las Vegas.

He's not alone. In a restless electorate frustrated by high prices, the cost of housing stands out. Democrats are pushing to channel this anger into support for their quest to chip away at Republicans' unified control of Washington, maintaining their focus on economic concerns even when war with Iran dominates the news.

Their path cuts through Nevada, a perennial swing state won by Republican Donald Trump in the 2024 presidential election and now home to closely contested U.S. House races.

“I would be paying more — a lot more — in mortgage than I am for rent right now,” said Torres Suazo, a food runner on the Las Vegas Strip. Sometimes he feels like politicians aren't listening to people like him. “It’d be nice if more people that knew what it's like to work for a living could be in those rooms to make decisions,” he added.

In all directions from the Strip, tract homes with sharp-angled roofs and earthy paint schemes sprout from the desert by the dozen. Streets to nowhere snake through the dirt, ready for future homes. Wooden signs dot roadsides advertising homes from the $300,000s for a townhome to over $1 million for big houses in the most desirable suburban neighborhoods.