Real Estate Investing in Las Vegas, Nevada (89106)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89106 (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: 10.1% vacancy may signal weakening demand.
- Elevated poverty: 21.3% poverty rate — can affect rent collection.
- Lower household income: $36,403 median — tenant affordability is tighter.
What’s happening in Las Vegas, NV (89106)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89106 Las Vegas
Investors eyeing 89106 need to respect the fundamentals at play. Home values of $340K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $340K purchase price, 0.0% nominal cap — the work to hit that pro forma in 89106 is substantial and deserves full respect.
Regionally, 89106 sits on the difficult end of the NV spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
A solid renter share of 68% in 89106 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Las Vegas's stable or hybrid ZIPs before stepping into 89106. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Las Vegas:
Property Strategy for 89106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $285,967 | $1,580 | 4.0% | +8.4% | $142,983 |
| 3BR | $332,936 | $2,210 | 4.8% | +7.7% | $110,979 |
| 4BR | $375,598 | $2,560 | 4.9% | +7.4% | $93,899 |
| 5BR | $560,310 | — | — | +7.3% | $112,062 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89106 Compare?
| Metric | 89106 | Las Vegas | Las Vegas-Henderson-Paradise, NV | Nevada |
|---|---|---|---|---|
| Home Value | $340,067 | $448,661 | N/A | $444,019 |
| 5-Year CAGR | 4.6% | 4.3% | N/A | 6.8% |
| Avg Rent | $1,631 | $1,858 | N/A | - |
| Cap Rate | 3.7% | 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 89106 (Las Vegas, NV). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 89106 (Las Vegas, NV)?
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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 | $340,067 |
| Monthly Rent | $1,631 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +9.7% ▲ |
🏠 Rent Trends
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 89106
Population: 26,440
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 89106
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 10,832 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Las Vegas, NV?
Las Vegas, NV rentals go for roughly $1,631/mo a month. That puts gross yield in solid territory relative to $340K acquisition costs.
How do experienced investors play Las Vegas, NV?
In Las Vegas, NV the robust play is typically careful cash-flow rentals with hands-on management. The combination of $340K prices and $1,631/mo rents suits that approach.
Where do home prices stand in Las Vegas, NV?
In Las Vegas, NV the median home value sits at $340K. Against the broader NV market, that reads as reasonable for most investors.
Is Las Vegas, NV good for landlords?
The landlord environment in Las Vegas, NV is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How does Las Vegas, NV rate as a rental market?
Yes - Las Vegas, NV a 3.0/5 investability score. With $340K home prices against $1,631/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 89106 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89106 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 89106 ranks in Las Vegas-Henderson-Paradise, NV
Every ZIP in this metro, ranked. Free.
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Community Ratings
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