Real Estate Investing in North Las Vegas, Nevada (89031)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89031 (North Las Vegas, NV)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in North Las Vegas, NV (89031)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89031 North Las Vegas
The 89031 ZIP in North Las Vegas, NV is a local-operator market. Outside capital chasing a $412K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $412K asset, 89031 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within NV, ZIP 89031 trails on several market indicators that neighboring Clark County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Resident income in 89031 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 89031 is an operator game, not a passive one. Meanwhile, entry prices of $412K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in North Las Vegas:
Property Strategy for 89031
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $302,099 | $1,800 | 4.3% | +7.4% | $151,050 |
| 3BR | $390,486 | $2,500 | 4.6% | +7.2% | $130,162 |
| 4BR | $436,332 | $2,870 | 4.7% | +7.2% | $109,083 |
| 5BR | $503,538 | — | — | +7.4% | $100,708 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89031 Compare?
| Metric | 89031 | North Las Vegas | Las Vegas-Henderson-Paradise, NV | Nevada |
|---|---|---|---|---|
| Home Value | $412,194 | $414,169 | N/A | $444,019 |
| 5-Year CAGR | 4.3% | 4.2% | N/A | 6.8% |
| Avg Rent | $2,055 | $1,904 | N/A | - |
| Cap Rate | 3.9% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 89031 (North Las Vegas, NV). Anonymous, moderated, never written by AI.
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Property managers serving Clark County
Manage rentals here? List your business →Elite HOA Management, Inc. helps communities meet their goals and improve their bottom line with responsive 24-hour access and experienced staff in Las Vegas, NV. summary from their website
Golden Assets & Property Management LLC offers residential and commercial rental property management in the Las Vegas Valley, including single-family homes, fourplexes, and condominiums. summary from their website
Las Vegas Valley Community Management provides community management services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $412,194 |
| Monthly Rent | $2,055 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | -1.1% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +2.7% ▲ |
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 89031
Population: 75,097
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 89031
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 7,008 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the smart move for investors in North Las Vegas, NV?
In North Las Vegas, NV the solid play is typically careful cash-flow rentals with hands-on management. The combination of $412K prices and $2,055/mo rents suits that approach.
How landlord-friendly is North Las Vegas, NV?
The landlord environment in North Las Vegas, NV is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is it easy to find good tenants in North Las Vegas, NV?
The renter base in North Las Vegas, NV is reasonable for the $2,055/mo price point. Screening well and pricing to market typically yields steady tenants.
What does house hacking look like in North Las Vegas, NV?
The a challenging house-hack environment in North Las Vegas, NV reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How much should I expect to pay for a home in North Las Vegas, NV?
Expect median prices around $412K in North Las Vegas, NV. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
You know 89031 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89031 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 89031 ranks in Las Vegas-Henderson-Paradise, NV
Every ZIP in this metro, ranked. Free.
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