Real Estate Investing in Las Vegas, Nevada (89148)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89148 (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 (89148)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89148 Las Vegas
ZIP 89148 in Las Vegas, NV carries a durable set of headwinds. Home values near $470K and rents of $1,912/mo sit inside a market where underwriting has to be tight.
Rent of $1,912/mo on a $470K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 89148 sits below the stated 0.0% once reality is priced in.
Regionally, 89148 sits on the difficult end of the NV spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 89148 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 89148 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Las Vegas:
Property Strategy for 89148
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $212,727 | $1,680 | 5.7% | +4.6% | $212,727 |
| 2BR | $326,919 | $1,970 | 4.3% | +6.7% | $163,459 |
| 3BR | $452,579 | $2,740 | 4.4% | +7.0% | $150,860 |
| 4BR | $527,188 | $3,140 | 4.3% | +7.0% | $131,797 |
| 5BR | $650,558 | — | — | +7.5% | $130,112 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89148 Compare?
| Metric | 89148 | Las Vegas | Las Vegas-Henderson-Paradise, NV | Nevada |
|---|---|---|---|---|
| Home Value | $469,726 | $448,661 | N/A | $444,019 |
| 5-Year CAGR | 3.7% | 4.3% | N/A | 6.8% |
| Avg Rent | $1,912 | $1,858 | N/A | - |
| Cap Rate | 3.2% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 89148 (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 | $469,726 |
| Monthly Rent | $1,912 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | -2.7% ▼ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +1.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 89148
Population: 64,013
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 89148
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Steele Judith D ES
Southwest Career & Technical Academy HS
Nevada State High School Southwest
Sierra Vista HS
Durango HS
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
How does Las Vegas, NV stack up for property investment?
With a 3.0/5 investability score, Las Vegas, NV ranks as a solid market for rental property investors. Median prices of $470K and rents of $1,912/mo drive the underlying numbers.
Are rents high in Las Vegas, NV?
Average rent in Las Vegas, NV is approximately $1,912/mo per month. Against $470K home values that yields a reasonable rent-to-price ratio.
How strong is the working-renter base in Las Vegas, NV?
Tenant quality in Las Vegas, NV ranks as solid. Landlords generally report reliable occupancy at market rents of $1,912/mo.
Are there empty rentals in Las Vegas, NV?
Vacancy risk in Las Vegas, NV is elevated. That supports reliable cash flow for typical rental holds.
Does Las Vegas, NV favor landlords or tenants?
Las Vegas, NV falls under NV landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 89148 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89148 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 89148 ranks in Las Vegas-Henderson-Paradise, NV
Every ZIP in this metro, ranked. Free.
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