Real Estate Investing in Las Vegas, Nevada (89129)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89129 (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 (89129)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89129 Las Vegas
ZIP 89129 inside Clark County looks affordable on the surface — median value of $444K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 89129 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 89129's metrics run below Clark County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A notable renter share of 31% in 89129 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 89129 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 Las Vegas:
Property Strategy for 89129
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $227,559 | $1,620 | 5.1% | +7.3% | $227,559 |
| 2BR | $308,010 | $1,900 | 4.4% | +6.7% | $154,005 |
| 3BR | $408,134 | $2,640 | 4.7% | +7.0% | $136,045 |
| 4BR | $517,900 | $3,030 | 4.2% | +7.2% | $129,475 |
| 5BR | $643,916 | — | — | +7.5% | $128,783 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89129 Compare?
| Metric | 89129 | Las Vegas | Las Vegas-Henderson-Paradise, NV | Nevada |
|---|---|---|---|---|
| Home Value | $443,523 | $448,661 | N/A | $444,019 |
| 5-Year CAGR | 4.0% | 4.3% | N/A | 6.8% |
| Avg Rent | $1,863 | $1,858 | N/A | - |
| Cap Rate | 3.3% | 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 89129 (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 | $443,523 |
| Monthly Rent | $1,863 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +2.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 89129
Population: 54,575
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 89129
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Allen Dean LaMar ES
Bryan Richard H ES
Darnell Marshall C ES
McMillan James B ES
Peterson Academic Center J-SHS
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
How much should I expect to pay for a home in Las Vegas, NV?
Median home price in Las Vegas, NV is near $444K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What approach is best for Las Vegas, NV real estate?
In Las Vegas, NV the solid play is typically careful cash-flow rentals with hands-on management. The combination of $444K prices and $1,863/mo rents suits that approach.
What is the tenant pool like in Las Vegas, NV?
Tenant quality in Las Vegas, NV ranks as solid. Landlords generally report stable occupancy at market rents of $1,863/mo.
Does Las Vegas, NV favor landlords or tenants?
NV ranks as a landlord-friendly state for landlord-tenant law. Las Vegas generally follows the statewide framework, so landlords face reasonable operating rules.
Is Las Vegas, NV good for house hacking?
House hacking works a challenging in Las Vegas, NV. Rents of $1,863/mo against $444K acquisition make the strategy solid for owner-occupants.
You know 89129 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89129 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 89129 ranks in Las Vegas-Henderson-Paradise, NV
Every ZIP in this metro, ranked. Free.
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