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Market MapLas Vegas, NV
Metropolitan Area

Las Vegas, NV

Nevada0
44
/100
Avoid
#799 of 894 metros
Top 89% nationally for investing

Market Snapshot

$426,817
Median Home Price
75% above national median
$1,739/mo
Median Rent
25% above national median
4.89%
Rent-to-Price Ratio
Top 78% nationally
-$1,107
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$426,817
Down Payment (20%)$85,363
Loan Amount$341,454
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,739
Monthly P&I-$2,237
Est. Expenses (35%)-$609
Net Cash Flow-$1,108/mo
3.2%
Cap Rate (all cash)
-13.5%
Cash-on-Cash Return
4.89%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.2% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
44/100
44
Cash Flow(30%)
43/100

Based on 4.89% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
42/100

Based on -2.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
39/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (4.89%)
  • -Declining home values (-2.0% YoY)
  • -Negative cash flow at typical financing (-$1,107/mo)
  • -Negative leverage (cap rate 3.2% < mortgage rate 6.9%)

Counties in Las Vegas, NV

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
New Orleans, LA
New Orleans, LA
64$252,775$1,5987.59%BuyView
Winston, NC
Winston, NC
64$270,694$1,5306.78%BuyView
Cincinnati, OH
Cincinnati, OH
64$297,208$1,5396.22%BuyView
Oklahoma City, OK
Oklahoma City, OK
64$239,569$1,3466.74%BuyView
Lexington, KY
Lexington, KY
64$314,686$1,5866.05%BuyView
Current
Las Vegas, NV
44$426,817$1,7394.89%Avoid

The Bottom Line

AvoidLas Vegas, NV may be challenging for traditional rentals. High prices or low rents make cash flow difficult. Look for specific counties with better ratios.

The Las Vegas, NV metro area scores 44/100, ranking #799 of 894 US metros (top 89%). The 4.89% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-1,107/mo
Cap Rate
3.2%
Cash-on-Cash
-15.6%

Ready to Invest in Las Vegas, NV?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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