Las Vegas, NV Rental Market Analysis

Updated March 2026 · Population: 660,929 · Data for rental property investors

Median Home Price
$395,000
Median Rent
$1,500/mo
Avg Cap Rate
5.2%
Avg Cash on Cash
6%
Home Price Growth
+3.5% YoY
Rent Growth
+3% YoY
Vacancy Rate
6.5%
Property Tax Rate
0.7%

Sample Deal: Median Las Vegas Rental Property

Purchase Price
$395,000
Down Payment (25%)
$98,750
Monthly Rent
$1,500/mo
Est. Monthly Mortgage
$1,873/mo
NOI (Annual)
$12,865
DSCR
0.57

* Based on 25% down, 6.5% interest, 30-year term. Includes taxes, insurance, and vacancy allowance. Does not include maintenance, management, or capital expenditures.

Why Invest in Las Vegas?

No state income tax, growing population, and an economy diversifying beyond casinos into sports (Raiders, F1), tech, and healthcare. Henderson is consistently ranked among the safest large cities in America.

Major Employers in Las Vegas

Understanding the local employment base is critical for evaluating rental demand stability. Las Vegas's economy is anchored by:

MGM ResortsLas Vegas SandsWynn ResortsStation CasinosClark County School District

Best Neighborhoods for Rental Investors

Summerlin
Henderson
Southwest
Spring Valley
North Las Vegas

Top Zip Codes for Investors

8910189102891048910789108

Investor Tip: Las Vegas

Las Vegas is tourism-dependent which creates volatility, but it also has no state income tax. The Allegiant Stadium and F1 Grand Prix have diversified entertainment beyond casinos. Focus on Henderson and Summerlin for stable family rentals.

Analyze Your Las Vegas Deal

Use becvio's free calculators to run the numbers on any Las Vegas property.

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Learn More

What Is Cap Rate?·Understanding NOI·DSCR Explained·Cash on Cash Return·Rental Property Analysis Guide