ROIStack
Market Intelligence

Las Vegas, NV

Updated quarterly · Data sourced from Zillow ZHVI/ZORI, Census ACS, and FHFA. · Nevada overview

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Home Value

$425k-0.4%

Median Rent

$1,820+2.8%

Per month average

Gross Yield

5.14%

Annual rent / value

Rent / Price

0.428%

1% rule benchmark

HH Income

$72,000

Median household

Owner-Occ

55.0%

Renter-Occ

45.0%

Tenant demand share

Population

2.3M

Metro area census

Market Analysis

The Las Vegas, NV real estate market currently sits at a median home value of $425k with median rents around $1,820/month, producing a gross yield of 5.14%. That puts Las Vegas in the category of moderate gross yield, investors here typically lean on appreciation alongside cash flow. Over the past year, home values are down 0.4%, while rents rose 2.8%, the gap between those two trends is what determines whether yield compresses or expands over time for buy-and-hold investors in Nevada. Las Vegas is a renter-heavy market (45% renter-occupied) that supports steady tenant demand, with median household income of $72,000 setting the affordability ceiling on future rent growth.

Frequently asked questions

What is the average rent in Las Vegas, NV?
As of late 2025, the median rent in Las Vegas is approximately $1,820 per month, with rent growth of 2.8% year over year.
Is Las Vegas a good market for rental property investing?
Las Vegas produces a gross rental yield of about 5.14%. That is below the 7% LTR benchmark, so investors in Las Vegas typically combine modest cash flow with appreciation upside. Run your specific numbers in a calculator before committing capital.
What is the median home price in Las Vegas?
The median home value in Las Vegas, NV is approximately $425,000, down 0.4% from a year ago.
How have home prices changed in Las Vegas over the past year?
Home values in Las Vegas have moved -0.4% year over year, while rents have changed by 2.8%. This price-to-rent gap is the single biggest driver of long-term rental investor returns in the Nevada market.
What is the rent-to-price ratio in Las Vegas?
Las Vegas has a rent-to-price ratio of 0.428%, meaning monthly rent is about 0.428% of the home's price. The "1% rule" used by buy-and-hold investors looks for 1.0%+; this market falls short of that bar, which is typical for most large US metros today.

Nearby Nevada markets

Reno, NV

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