MarketsRun a deal in this market
State · NV
Nevada
Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS
Strategy
Median home value
$427k
+1.6%Zillow ZHVI
Median rent
$1,900/mo
+2.9%Zillow ZORI
Gross yield
5.34%
Rent × 12 / value
Rent/price ratio
0.000%
1% rule benchmark
Median household income
$71,646
Census ACS
Owner-occupied
57.0%
Census ACS
Renter-occupied
43.0%
Census ACS
Population
-
Census ACS
What this means for LTR investors
Gross yield of 5.34% is below the 7% LTR sweet spot; you'd lean on appreciation here.
Rent grew 2.9% YoY while values moved 1.6%. That gap drives whether yield compresses or expands over time.
Renter share is 43% - a deep renter pool means lower vacancy risk in Nevada.
Median income of $71,646 sets the affordability ceiling on rent growth.