Real Estate Investing in Las Vegas, Nevada (89147)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89147 (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 (89147)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89147 Las Vegas
ZIP 89147 inside Clark County looks affordable on the surface — median value of $413K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 89147 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 89147 sits on the difficult end of the NV spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The 89147 ZIP's population of 56,108 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Strategy in 89147 is an operator game, not a passive one. Put differently, entry prices of $413K 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 89147
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $202,871 | $1,750 | 6.2% | +6.1% | $202,871 |
| 2BR | $292,949 | $2,050 | 5.0% | +6.8% | $146,475 |
| 3BR | $407,512 | $2,850 | 5.0% | +6.9% | $135,837 |
| 4BR | $493,524 | $3,270 | 4.8% | +7.1% | $123,381 |
| 5BR | $612,090 | — | — | +7.5% | $122,418 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89147 Compare?
| Metric | 89147 | Las Vegas | Las Vegas-Henderson-Paradise, NV | Nevada |
|---|---|---|---|---|
| Home Value | $413,264 | $448,661 | N/A | $444,019 |
| 5-Year CAGR | 4.1% | 4.3% | N/A | 6.8% |
| Avg Rent | $1,752 | $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 89147 (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 | $413,264 |
| Monthly Rent | $1,752 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +1.3% ▲ |
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 89147
Population: 56,108
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 89147
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
Frequently Asked Questions
Are rents high in Las Vegas, NV?
Average rent in Las Vegas, NV is approximately $1,752/mo per month. Against $413K home values that yields a reasonable rent-to-price ratio.
Are tenants stable in Las Vegas, NV?
Expect a solid tenant pool in Las Vegas, NV. The rental market absorbs $1,752/mo rents without meaningful friction.
What is the typical home price in Las Vegas, NV?
The median home value in Las Vegas, NV is roughly $413K. That puts it reasonable relative to the NV statewide average.
Is NV a landlord-friendly state?
NV ranks as a landlord-friendly state for landlord-tenant law. Las Vegas generally follows the statewide framework, so landlords face reasonable operating rules.
What are vacancy rates like in Las Vegas, NV?
Vacancy risk in Las Vegas, NV is elevated. That supports stable cash flow for typical rental holds.
You know 89147 now. You don’t know where it ranks.
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How 89147 ranks in Las Vegas-Henderson-Paradise, NV
Every ZIP in this metro, ranked. Free.
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