Real Estate Investing in Pahrump, Nevada (89061)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 89061 (Pahrump, 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.
- High vacancy: 12.8% of homes vacant — above national norms.
What’s happening in Pahrump, NV (89061)?
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Market Analysis: 89061 Pahrump
ZIP 89061 inside Nye County looks affordable on the surface — median value of $386K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 89061 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within NV, ZIP 89061 trails on several market indicators that neighboring Nye County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Demographically, 89061 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 89061 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Pahrump:
Property Strategy for 89061
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $338,645 | $1,810 | 3.8% | +6.5% | $169,322 |
| 3BR | $381,240 | $2,510 | 4.7% | +6.9% | $127,080 |
| 4BR | $431,933 | $3,040 | 5.1% | +6.9% | $107,983 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 89061 Compare?
| Metric | 89061 | Pahrump | Pahrump, NV | Nevada |
|---|---|---|---|---|
| Home Value | $385,963 | $365,461 | N/A | $444,019 |
| 5-Year CAGR | 5.3% | 4.4% | N/A | 6.8% |
| Avg Rent | $1,842 | $1,504 | N/A | - |
| Cap Rate | 3.7% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 89061 (Pahrump, NV). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $385,963 |
| Monthly Rent | $1,842 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 89061
Population: 7,835
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 89061
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.
Frequently Asked Questions
How much is rent in Pahrump, NV?
Rental rates in Pahrump, NV average $1,842/mo. Tenant demand and $386K home values make the yield look reasonable by investor standards.
How qualified is the tenant pool in Pahrump, NV?
Pahrump, NV draws a steady base of working renters. Demand at the $1,842/mo rent level is reasonable for standard single-family and small multi rentals.
Is Pahrump in NV worth investing in?
Pahrump, NV scores 3.0/5 for investability. Home values sit at $386K and rents near $1,842/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How tight is the rental market in Pahrump, NV?
Pahrump, NV sees elevated vacancy, which is reasonable relative to the broader NV rental market.
What type of investing works in Pahrump, NV?
In Pahrump, NV the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $386K prices and $1,842/mo rents suits that approach.
You know 89061 now. You don’t know where it ranks.
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How 89061 ranks in Pahrump, NV
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