Real Estate Investing in Las Vegas, Nevada (89178)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89178 (Las Vegas, NV)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 (89178)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89178 Las Vegas
Turning to rents, ZIP 89178 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $475K median. It rewards specialists, not generalists.
The 89178 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Looking more closely, 89178 offers a low basis, the region around Las Vegas has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 89178 includes headwinds that any investor should price in. Income distribution skews lower than Las Vegas averages, and tenant stability requires active management.
appears 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 89178
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $329,659 | $2,270 | 5.0% | +6.2% | $164,829 |
| 3BR | $444,319 | $3,160 | 5.1% | +6.8% | $148,106 |
| 4BR | $529,167 | $3,620 | 4.9% | +7.0% | $132,292 |
| 5BR | $663,873 | — | — | +7.6% | $132,775 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89178 Compare?
| Metric | 89178 | Las Vegas | Las Vegas-Henderson-Paradise, NV | Nevada |
|---|---|---|---|---|
| Home Value | $474,671 | $448,661 | N/A | $444,019 |
| 5-Year CAGR | 3.5% | 4.3% | N/A | 6.8% |
| Avg Rent | $2,142 | $1,858 | N/A | - |
| Cap Rate | 3.5% | 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 89178 (Las Vegas, NV). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 89178 (Las Vegas, NV)?
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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 | $474,671 |
| Monthly Rent | $2,142 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +2.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 89178
Population: 43,155
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 89178
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
What monthly rent should investors expect in Las Vegas, NV?
Rental rates in Las Vegas, NV average $2,142/mo. Tenant demand and $475K home values make the yield look reasonable by investor standards.
What type of investing works in Las Vegas, NV?
Investors usually favor careful cash-flow rentals with hands-on management in Las Vegas, NV. With home values at $475K and rents near $2,142/mo, other strategies can work but produce steady rather than outsized returns.
What kind of market is Las Vegas, NV for investors?
Our data puts Las Vegas, NV at 3.0/5 for investability. Home prices of $475K and rents around $2,142/mo create a solid backdrop for investor activity.
Does house hacking make sense in Las Vegas, NV?
House hacking in Las Vegas, NV is reasonable to execute. Prices around $475K and rents of $2,142/mo solid owner-occupant economics.
How strict are landlord regulations in Las Vegas, NV?
Rental owners in Las Vegas, NV deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 89178 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89178 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 89178 ranks in Las Vegas-Henderson-Paradise, NV
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Community Ratings
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