18b: The Las Vegas Arts District Eviction Risk: Moderate

At $924 a month, rents run 41% under what the rest of Las Vegas commands. The score leans hardest on economic stress at 9.1/10.

83% of occupied units are rented, so comparables are plentiful and vacancy risk is low, but a mispriced renewal loses the tenant to a building nearby. The poverty rate is 36%, which in this model reads as reduced rent-recovery odds after a judgment. On the softer side, supply constraint reads 1/10.

Running hot, court filing pressure reads 8.9/10. Food insecurity runs 32.2% against 17.8% nationally.

Inability to pay a utility bill runs 19.5% against 9.2% nationally. Utility arrears usually lead rent arrears by a month or two. It sits 0.7 points above the Clark County average of 4.7.

That is riskier than roughly 70% of the 84,120 US census tracts in this model. Social vulnerability reads 9.6/10 on the CDC index, a measure of exposure to housing and economic shocks. Statewide the NV average is 4.5, so this tract runs 0.9 points hotter.

Of its three components the housing type and transport measure is the most pressured.

Tract-level figures come from the ACS 5-year release and are rebuilt whenever that, the court-record feed, or the statutory ledger behind the score changes.