LAS VEGAS ( FOX5 ) — More than six percent of Las Vegas Valley residents can buy a home on their own, according to data from UNLV researchers.

The findings from the Lied Center for Real Estate at UNLV analyze the impact of the Valley’s land shortage on the housing market, prices for homes and rent, and the impact on the growth of businesses and good-paying jobs for residents to improve their quality of life.

Around 88% of land across Clark County is owned by the federal government. Over the past few decades, as the Valley’s population has boomed and vacant land has been developed, the shrinking availability of vacant land has posed challenges for home builders and commercial developers.

FOX5 has reported on the impact of the land shortage on the Valley’s housing and affordable housi

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