The Las Vegas real estate market has set the bar high for the rest of the country!
A savvy real estate investor is well-aware of the importance of the location where he/she buys an investment property. For this reason, property investors across the US housing market are always on the hunt for the next best place to invest. According to many reports, the Las Vegas real estate market is on fire this year! Keep reading as we explain why you should consider investing in Las Vegas and in which neighborhoods you’d find the best investment properties that yield a good return on investment.
Las Vegas Real Estate Market Trends
#1 Impressive Appreciation
Sin City has witnessed fundamental improvements related to real estate investing, most importantly the pronounced appreciation of home values. According to Zillow, the median property price in the Las Vegas real estate market has shot up 16.6% in the last year alone! This is more than double the national average median home value which has increased 7.6% in the last 12 months. What’s more, real estate investing experts believe that next year will witness continuous rising. This is great news for property investors thinking of buying traditional Las Vegas investment properties and renting them out for long-term tenants (buy-and-hold).
Related: Buy and Hold Real Estate Is the Ultimate Investment Strategy: Here’s Why
#2 Cheap Investment Properties
Another noticeable trend in the Las Vegas real estate market is that there are still plenty of distressed investment properties that are in some stage of foreclosure – default, auction, or bank-owned. In real estate investing, distressed investment properties represent great opportunities for those interested in flipping houses. To learn more about this real estate investment strategy, read this.
Take advantage of these market trends and click here to start looking for and analyzing the best investment properties in Las Vegas.
#3 High Demand
Furthermore, demand has been on the rise as more and more individuals are moving to the city. Factors that are driving people to Las Vegas include low interest rates, considerable affordability, low unemployment rates and growing job opportunities. This increasing population and demand attract savvy property investors to the Las Vegas real estate market because this means high occupancy rates and higher prices as supply is still limited.
#4 Airbnb Las Vegas
Moreover, Las Vegas is a city built on tourism. Thanks to numerous attractions, there is no off-season when it comes to tourism. Last year, there were about 39 million visitors to Sin City. This obviously has a positive effect on the short-term rental market (Airbnb). Thus, investing in the Las Vegas real estate market is hot for both traditional and Airbnb investments.
Related: Real Estate Investing: Traditional vs. Airbnb Investments
#5 Low Property Taxes
Another reason to buy an investment property in the Las Vegas real estate market is the tax benefits. Las Vegas is one of those markets with no personal income tax along with cheaper investment property taxes (70% cheaper compared to some of the top real estate markets in the US). Therefore, Las Vegas property investors can save so much more on taxes all around.
Click here to start out your 14-day free trial with Mashvisor and search for the best investment property in any city and neighborhood across the US housing market!
Las Vegas Real Estate Market Statistics
Where to Buy an Investment Property in Las Vegas
If you want to take advantage of investing in the Las Vegas real estate market, you need to know where to look. Here are the top neighborhoods in Las Vegas where property investors will find the best investment properties according to Mashvisor’s real estate analytics:
Las Vegas Real Estate Market – The Strip
- Median Property Price: $311,067
- Traditional Rental Income: $1,598
- Airbnb Rental Income: $1,823
- Traditional Cash on Cash Return: 5.69%
- Airbnb Cash on Cash Return: 4.71%
- Traditional Cap Rate: 5.69%
- Airbnb Cap Rate: 4.71%
- Airbnb Occupancy Rate: 64%
Las Vegas Real Estate Market – Huntridge
- Median Property Price: $238,429
- Traditional Rental Income: $955
- Airbnb Rental Income: $2,726
- Traditional Cash on Cash Return: 1.2%
- Airbnb Cash on Cash Return: 7.08%
- Traditional Cap Rate: 1.2%
- Airbnb Cap Rate: 7.08%
- Airbnb Occupancy Rate: 60%
Las Vegas Real Estate Market – Winchester
- Median Property Price: $263,672
- Traditional Rental Income: $1,096
- Airbnb Rental Income: $2,482
- Traditional Cash on Cash Return: 1.82%
- Airbnb Cash on Cash Return: 5.64%
- Traditional Cap Rate: 1.82%
- Airbnb Cap Rate: 5.64%
- Airbnb Occupancy Rate: 59%
Las Vegas Real Estate Market – Rancho Charleston
- Median Property Price: $291,585
- Traditional Rental Income: $1,272
- Airbnb Rental Income: $2,728
- Traditional Cash on Cash Return: 2.08%
- Airbnb Cash on Cash Return: 5.86%
- Traditional Cap Rate: 2.08%
- Airbnb Cap Rate: 5.86%
- Airbnb Occupancy Rate: 58%
Las Vegas Real Estate Market – Buffalo
- Median Property Price: $355,284
- Traditional Rental Income: $1,171
- Airbnb Rental Income: $3,218
- Traditional Cash on Cash Return: 1.43%
- Airbnb Cash on Cash Return: 5.22%
- Traditional Cap Rate: 1.43%
- Airbnb Cap Rate: 5.22%
- Airbnb Occupancy Rate: 53%
Las Vegas Real Estate Market – Paradise
- Median Property Price: $313,465
- Traditional Rental Income: $1,252
- Airbnb Rental Income: $2,521
- Traditional Cash on Cash Return: 1.29%
- Airbnb Cash on Cash Return: 4.64%
- Traditional Cap Rate: 1.29%
- Airbnb Cap Rate: 4.64%
- Airbnb Occupancy Rate: 63%
Las Vegas Real Estate Market – Downtown
- Median Property Price: $347,104
- Traditional Rental Income: $1,523
- Airbnb Rental Income: $1,873
- Traditional Cash on Cash Return: 2.05%
- Airbnb Cash on Cash Return: 2.11%
- Traditional Cap Rate: 2.05%
- Airbnb Cap Rate: 2.11%
- Airbnb Occupancy Rate: 62%
Las Vegas Real Estate Market – The Lakes
- Median Property Price: $480,067
- Traditional Rental Income: $1,440
- Airbnb Rental Income: $2,433
- Traditional Cash on Cash Return: 1.25%
- Airbnb Cash on Cash Return: 2.76%
- Traditional Cap Rate: 1.25%
- Airbnb Cap Rate: 2.76%
- Airbnb Occupancy Rate: 59%
Las Vegas Real Estate Market – Meadows Village
- Median Property Price: $542,131
- Traditional Rental Income: $2,284
- Airbnb Rental Income: $1,959
- Traditional Cash on Cash Return: 3.34%
- Airbnb Cash on Cash Return: 1.51%
- Traditional Cap Rate: 3.34%
- Airbnb Cap Rate: 1.51%
- Airbnb Occupancy Rate: 59%
Las Vegas Real Estate Market – Cultural Corridor
- Median Property Price: $222,219
- Traditional Rental Income: $920
- Airbnb Rental Income: $862
- Traditional Cash on Cash Return: 1.17%
- Airbnb Cash on Cash Return: 1.89%
- Traditional Cap Rate: 1.17%
- Airbnb Cap Rate: 1.89%
- Airbnb Occupancy Rate: 73%
Click here to start searching for the best investment property in the Las Vegas real estate market!
Start Your Search!
Want to find the best investment property in one of the above neighborhoods in 15 minutes? Use Mashvisor’s Investment Property Finder Tool: a powerful and heavily customizable search tool that allows you to search for investment properties in any city and neighborhood of your choice based on specific criteria and using different filters. For example, you can set your criteria to find an investment property in the Las Vegas real estate market in a certain price range, a certain neighborhood, and a certain cap rate.
This tool also comes with a heat map function that allows you to find investment properties much faster using visual cues. As a result, you can easily compare different neighborhoods and different investment properties to see which one has more profitability for real estate investing!
Will you invest in the Las Vegas real estate market this year? Let us know in the comments!
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