Real Estate Investing in Pahrump, Nevada (89048)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89048 (Pahrump, NV)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.0% vacancy may signal weakening demand.
What’s happening in Pahrump, NV (89048)?
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Market Analysis: 89048 Pahrump
The 89048 ZIP covers a section of Pahrump that demands careful diligence. Prices near $378K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $378K asset, 89048 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 89048's metrics run below Nye County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A resilient renter share of 28% in 89048 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 89048 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Pahrump:
Property Strategy for 89048
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $251,776 | $1,340 | 3.8% | +6.2% | $125,888 |
| 3BR | $368,741 | $1,860 | 3.6% | +7.4% | $122,914 |
| 4BR | $455,744 | $2,250 | 3.6% | +7.7% | $113,936 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89048 Compare?
| Metric | 89048 | Pahrump | Pahrump, NV | Nevada |
|---|---|---|---|---|
| Home Value | $377,773 | $365,461 | N/A | $444,019 |
| 5-Year CAGR | 4.1% | 4.4% | N/A | 6.8% |
| Avg Rent | $1,300 | $1,504 | N/A | - |
| Cap Rate | 2.7% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 89048 (Pahrump, NV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $377,773 |
| Monthly Rent | $1,300 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 Rent Trends
| 1-Year | -5.8% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 89048
Population: 25,473
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 89048
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
What do landlords charge for rent in Pahrump, NV?
Rent in Pahrump, NV is around $1,300/mo. The resulting rent-to-value relationship with $378K pricing is reasonable for most investor models.
Does Pahrump, NV favor landlords or tenants?
Rental owners in Pahrump, NV deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How strong is Pahrump, NV for real estate investors?
Pahrump, NV rates 3.0/5 for investability. With median values at $378K and rents near $1,300/mo, the market offers reasonable fundamentals for rental investors.
Do rentals sit vacant long in Pahrump, NV?
Rental vacancy in Pahrump, NV is elevated. Investors should budget normal turnover but not chronic empty units.
Is Pahrump, NV good for house hacking?
House hacking in Pahrump, NV is a challenging. With home values around $378K and rents at $1,300/mo, owner-occupants can offset a meaningful share of PITI.
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