Real Estate Investing in Caliente, Nevada (89008)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89008 (Caliente, NV)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 31.1% of homes vacant — above national norms.
- Declining values: -0.4% 5-year CAGR — values have moved lower.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Caliente, NV (89008)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89008 Caliente
This part of Lincoln County is not an easy win. The 89008 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From a cash-flow lens, the numbers look inviting — $198K purchase price, 0.0% nominal cap — the work to hit that pro forma in 89008 is substantial and deserves full respect.
In the broader NV picture, 89008 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 89008 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 89008 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Caliente:
Market Trends
Home Value History (with trend line)
📊 How Does 89008 Compare?
| Metric | 89008 | Caliente | Nevada |
|---|---|---|---|
| Home Value | $197,781 | $197,781 | $444,019 |
| 5-Year CAGR | N/A | N/A | 6.8% |
| Avg Rent | $999 | $999 | - |
| Cap Rate | 3.9% | 3.9% | - |
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 89008 (Caliente, NV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $197,781 |
| Monthly Rent | $999 |
| Price-to-Rent | 16.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 3.9% |
| 5-Year IRR | 3.5% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | -0.4% ▼ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 89008
Population: 792
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 89008
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Where do rents currently stand in Caliente, NV?
Investors in Caliente, NV typically see rents near $999/mo per month against $198K home values - a solid setup for rental cash flow.
Is Caliente, NV a friendly market for rental owners?
Caliente, NV falls under NV landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is vacancy a concern in Caliente, NV?
Expect elevated vacancy in Caliente, NV. Rents at $999/mo are absorbed by the tenant base without meaningful lag.
How strong is the working-renter base in Caliente, NV?
The renter base in Caliente, NV is reasonable for the $999/mo price point. Screening well and pricing to market typically yields consistent tenants.
What is the investability score for Caliente, NV?
Caliente, NV reflects an investability rating of 2.0/5, with median home values near $198K and average rents around $999/mo. That combination puts it in the resilient tier for investor interest.
You know 89008 now. You don’t know where it ranks.
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