Real Estate Investing in Las Vegas, Nevada (89115)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89115 (Las Vegas, NV)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
- Elevated poverty: 24.8% poverty rate — can affect rent collection.
- Higher unemployment: 7.2% unemployment — tenant risk signal.
What’s happening in Las Vegas, NV (89115)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 89115 Las Vegas
Stepping back, ZIP 89115 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $328K median. It rewards specialists, not generalists.
The investment case in 89115 is resilient only for operators who understand what they are buying. A $328K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader NV picture, 89115 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 89115 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
trends toward 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 89115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $197,779 | $1,580 | 5.8% | +7.4% | $98,889 |
| 3BR | $324,588 | $2,210 | 4.9% | +7.9% | $108,196 |
| 4BR | $355,611 | $2,560 | 5.2% | +7.9% | $88,903 |
| 5BR | $420,580 | — | — | +7.8% | $84,116 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89115 Compare?
| Metric | 89115 | Las Vegas | Las Vegas-Henderson-Paradise, NV | Nevada |
|---|---|---|---|---|
| Home Value | $328,062 | $448,661 | N/A | $444,019 |
| 5-Year CAGR | 5.2% | 4.3% | N/A | 6.8% |
| Avg Rent | $1,422 | $1,858 | N/A | - |
| Cap Rate | 3.4% | 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 89115 (Las Vegas, NV). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 89115 (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 | $328,062 |
| Monthly Rent | $1,422 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +9.5% ▲ |
🏠 Rent Trends
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +1.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 89115
Population: 66,773
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 89115
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 3,824 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Las Vegas, NV?
Yes - Las Vegas, NV a 3.0/5 investability score. With $328K home prices against $1,422/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much rent can I charge in Las Vegas, NV?
Rents in Las Vegas, NV run near $1,422/mo. Compared with median home prices of $328K that produces solid gross yields for typical rentals.
What is the rental occupancy rate in Las Vegas, NV?
Occupancy in Las Vegas, NV runs steady with elevated vacancy. Well-priced units at $1,422/mo lease on reasonable timelines.
What is the median home value in Las Vegas, NV?
Expect median prices around $328K in Las Vegas, NV. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Are renters plentiful in Las Vegas, NV?
Working renters make up the core of the Las Vegas, NV tenant base. The pool is reasonable for investors targeting long-term holds.
You know 89115 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 89115 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 89115 ranks in Las Vegas-Henderson-Paradise, NV
Every ZIP in this metro, ranked. Free.
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Community Ratings
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