Is Las Vegas, NV a good place to invest in rental property?

Las Vegas, NV has a median modeled monthly cash flow of $-1,265 and a median cap rate of 3.1%, on a median sold price of $448,000. Prices changed -1.1% year over year.

What is the average cap rate in Las Vegas, NV?

The median cap rate across recently sold homes in Las Vegas, NV is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Las Vegas, NV?

The median sold price in Las Vegas, NV is $448,000 (about $264 per square foot).

Investing in Las Vegas, NV Real Estate

A data-driven snapshot of the Las Vegas, NV rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$448,000Median sold price

$264Median $/sqft

3.1%Median cap rate

$-1,265Modeled cash flow / mo

-1.1%Appreciation YoY

42.5Months of supply

7,366Active listings

2,079Sold (last 12 mo)

What the Las Vegas numbers say

In Las Vegas, NV, the median home sold for $448,000 (about $264 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-1,265 of monthly cash flow. Sold prices moved -1.1% over the past year. Inventory sits at about 42.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Nevada markets to compare

See Las Vegas cash-flowing listings

CashFlowRE ranks every for-sale home in Las Vegas, NV by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Las Vegas deals, or browse the national market data.