Real Estate Investing in Las Vegas, Nevada (89149)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89149 (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 (89149)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89149 Las Vegas
ZIP 89149 inside Clark County looks affordable on the surface — median value of $496K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 89149 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 89149 sits on the difficult end of the NV spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 89149 ZIP's population of 45,009 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Experienced landlords with local relationships tend to find 89149 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Las Vegas:
Property Strategy for 89149
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $189,598 | $1,750 | 6.6% | +8.0% | $189,598 |
| 2BR | $318,141 | $2,060 | 4.7% | +6.7% | $159,071 |
| 3BR | $410,598 | $2,860 | 5.0% | +6.7% | $136,866 |
| 4BR | $660,230 | $3,280 | 3.6% | +7.8% | $165,058 |
| 5BR | $816,779 | — | — | +8.5% | $163,356 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89149 Compare?
| Metric | 89149 | Las Vegas | Las Vegas-Henderson-Paradise, NV | Nevada |
|---|---|---|---|---|
| Home Value | $495,781 | $448,661 | N/A | $444,019 |
| 5-Year CAGR | 3.8% | 4.3% | N/A | 6.8% |
| Avg Rent | $1,777 | $1,858 | N/A | - |
| Cap Rate | 2.8% | 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 89149 (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 | $495,781 |
| Monthly Rent | $1,777 |
| Price-to-Rent | 23.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | -1.0% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -7.1% ▼ |
| 3-Year CAGR | -2.0% ▼ |
| 5-Year CAGR | +1.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 89149
Population: 45,009
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 89149
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
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 typical vacancy rate in Las Vegas, NV?
Las Vegas, NV vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How strong is the working-renter base in Las Vegas, NV?
The renter base in Las Vegas, NV is reasonable for the $1,777/mo price point. Screening well and pricing to market typically yields reliable tenants.
Is real estate in Las Vegas, NV a good investment right now?
Las Vegas, NV scores 3.0/5 for investability. Home values sit at $496K and rents near $1,777/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Does house hacking work in Las Vegas, NV?
House hacking works a challenging in Las Vegas, NV. Rents of $1,777/mo against $496K acquisition make the strategy solid for owner-occupants.
How much does a house cost in Las Vegas, NV?
Homes in Las Vegas, NV typically sell near $496K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
You know 89149 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89149 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 89149 ranks in Las Vegas-Henderson-Paradise, NV
Every ZIP in this metro, ranked. Free.
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Community Ratings
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