Real Estate Investing in Las Vegas, Nevada (89102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89102 (Las Vegas, 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: 10.3% vacancy may signal weakening demand.
- Elevated poverty: 20.2% poverty rate — can affect rent collection.
What’s happening in Las Vegas, NV (89102)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89102 Las Vegas
This part of Clark County is not an easy win. The 89102 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 89102 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within NV, ZIP 89102 trails on several market indicators that neighboring Clark County submarkets outperform. The gap is real and impressive enough to shape underwriting.
The 89102 ZIP's population of 37,540 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The right play in 89102 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 Las Vegas:
Property Strategy for 89102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $306,763 | $1,330 | 3.1% | +6.7% | $306,763 |
| 2BR | $254,750 | $1,580 | 4.5% | +7.7% | $127,375 |
| 3BR | $379,899 | $2,210 | 4.2% | +7.1% | $126,633 |
| 4BR | $449,205 | $2,560 | 4.1% | +7.7% | $112,301 |
| 5BR | $609,902 | — | — | +8.2% | $121,980 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89102 Compare?
| Metric | 89102 | Las Vegas | Las Vegas-Henderson-Paradise, NV | Nevada |
|---|---|---|---|---|
| Home Value | $373,909 | $448,661 | N/A | $444,019 |
| 5-Year CAGR | 4.0% | 4.3% | N/A | 6.8% |
| Avg Rent | $1,366 | $1,858 | N/A | - |
| Cap Rate | 2.9% | 3.3% | - | - |
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 89102 (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 | $373,909 |
| Monthly Rent | $1,366 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | -1.8% ▼ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 89102
Population: 37,540
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 89102
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Adcock O K ES
Gray R Guild ES
Griffith E W ES
Toland Helen Anderson Intl Academy
Booker Kermit R Sr ES
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 10,832 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Las Vegas, NV?
Las Vegas, NV rentals go for roughly $1,366/mo a month. That puts gross yield in solid territory relative to $374K acquisition costs.
How expensive is real estate in Las Vegas, NV?
Typical homes in Las Vegas, NV go for around $374K. The 5-year CAGR of 0.0% steady price movement.
Does Las Vegas, NV make sense for an investment property?
Investors tracking Las Vegas, NV will find a 3.0/5 rating supported by $374K median home values and $1,366/mo rents. That profile suits long-term holders targeting reliable returns.
Is Las Vegas, NV good for house hacking?
House hacking works a challenging in Las Vegas, NV. Rents of $1,366/mo against $374K acquisition make the strategy solid for owner-occupants.
Do landlords face vacancy issues in Las Vegas, NV?
Las Vegas, NV sees elevated vacancy, which is reasonable relative to the broader NV rental market.
You know 89102 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89102 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 89102 ranks in Las Vegas-Henderson-Paradise, NV
Every ZIP in this metro, ranked. Free.
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