Real Estate Investing in Las Vegas, Nevada (89119)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89119 (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.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
- 1-year downturn: Values declined 3.8% in the last year.
- Higher unemployment: 7.9% unemployment — tenant risk signal.
What’s happening in Las Vegas, NV (89119)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89119 Las Vegas
Meanwhile, ZIP 89119 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $267K median. It rewards specialists, not generalists.
The investment case in 89119 is sturdy only for operators who understand what they are buying. A $267K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within NV, ZIP 89119 trails on several market indicators that neighboring Clark County submarkets outperform. The gap is real and solid enough to shape underwriting.
Meanwhile, 50,585 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 89119 is an operator game, not a passive one. Stepping back, entry prices of $267K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Las Vegas:
Property Strategy for 89119
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $143,308 | $1,330 | 6.7% | +8.6% | $143,308 |
| 2BR | $199,249 | $1,580 | 5.7% | +6.6% | $99,624 |
| 3BR | $383,100 | $2,210 | 4.2% | +7.7% | $127,700 |
| 4BR | $436,838 | $2,560 | 4.2% | +7.8% | $109,209 |
| 5BR | $533,020 | — | — | +8.1% | $106,604 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89119 Compare?
| Metric | 89119 | Las Vegas | Las Vegas-Henderson-Paradise, NV | Nevada |
|---|---|---|---|---|
| Home Value | $266,592 | $448,661 | N/A | $444,019 |
| 5-Year CAGR | 4.2% | 4.3% | N/A | 6.8% |
| Avg Rent | $1,362 | $1,858 | N/A | - |
| Cap Rate | 4.0% | 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 89119 (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 | $266,592 |
| Monthly Rent | $1,362 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | -3.8% ▼ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +2.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 89119
Population: 50,585
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 89119
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
French Doris ES
Harmon Harley ES
Thomas Ruby S ES
Tomiyasu Bill Y ES
Stewart Helen J
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 3,824 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Las Vegas, NV a friendly market for rental owners?
NV ranks as a landlord-friendly state for landlord-tenant law. Las Vegas generally follows the statewide framework, so landlords face reasonable operating rules.
How does Las Vegas, NV stack up for property investment?
Investors tracking Las Vegas, NV will find a 3.0/5 rating supported by $267K median home values and $1,362/mo rents. That profile suits long-term holders targeting measured returns.
What is the renter demographic in Las Vegas, NV?
Working renters make up the core of the Las Vegas, NV tenant base. The pool is reasonable for investors targeting long-term holds.
What investment strategy works best in Las Vegas, NV?
For Las Vegas, NV, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the average home sale price in Las Vegas, NV?
Homes in Las Vegas, NV typically sell near $267K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
You know 89119 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89119 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 89119 ranks in Las Vegas-Henderson-Paradise, NV
Every ZIP in this metro, ranked. Free.
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