Real Estate Investing in Las Vegas, Nevada (89128)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89128 (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 Las Vegas, NV (89128)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89128 Las Vegas
ZIP 89128 in Las Vegas, NV carries a significant set of headwinds. Home values near $386K and rents of $1,669/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $386K asset, 89128 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 89128 among NV's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
In practical terms, 39,397 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.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Las Vegas:
Property Strategy for 89128
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $177,162 | $1,520 | 6.2% | +7.9% | $177,162 |
| 2BR | $236,873 | $1,790 | 5.4% | +7.1% | $118,437 |
| 3BR | $403,886 | $2,490 | 4.4% | +7.5% | $134,629 |
| 4BR | $536,938 | $2,850 | 3.8% | +7.7% | $134,234 |
| 5BR | $645,526 | — | — | +8.3% | $129,105 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89128 Compare?
| Metric | 89128 | Las Vegas | Las Vegas-Henderson-Paradise, NV | Nevada |
|---|---|---|---|---|
| Home Value | $385,821 | $448,661 | N/A | $444,019 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 6.8% |
| Avg Rent | $1,669 | $1,858 | N/A | - |
| Cap Rate | 3.4% | 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 89128 (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 | $385,821 |
| Monthly Rent | $1,669 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | -1.5% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +1.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 89128
Population: 39,397
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 89128
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Conners Eileen ES
Bunker Berkeley L ES
Eisenberg Dorothy ES
Fong Wing and Lilly ES
Kahre Marc 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 7,008 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the best play in Las Vegas, NV?
Las Vegas, NV investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($386K prices, $1,669/mo rents) make it a reasonable choice.
Are homes affordable in Las Vegas, NV?
Las Vegas, NV home values average about $386K. That price point suits investors targeting rentals with $1,669/mo in monthly income.
Is Las Vegas in NV worth investing in?
Investors tracking Las Vegas, NV will find a 3.0/5 rating supported by $386K median home values and $1,669/mo rents. That profile suits long-term holders targeting reliable returns.
Do rentals sit vacant long in Las Vegas, NV?
Rental vacancy in Las Vegas, NV is elevated. Investors should budget normal turnover but not chronic empty units.
Is it easy to find good tenants in Las Vegas, NV?
The renter base in Las Vegas, NV is reasonable for the $1,669/mo price point. Screening well and pricing to market typically yields consistent tenants.
You know 89128 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89128 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 89128 ranks in Las Vegas-Henderson-Paradise, NV
Every ZIP in this metro, ranked. Free.
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