Las Vegas, NV rapidly diversifying economy beyond tourism; growing tech and healthcare sectors supporting housing. This report covers current market conditions, investment fundamentals, and key metrics for real estate buyers and investors.
Current Market Snapshot
Investment Analysis
With a gross yield of 5.3% and a median price of $415,000, Las Vegas sits in the moderate yield range. A typical 2-bedroom property rents for approximately $1,832/month based on HUD Fair Market Rent data.
The affordability index of 73 suggests housing costs exceed what the median household can comfortably afford — watch for affordability-driven demand moderation.
Market Temperature: Warm
With a median DOM of 35 days and approximately 5,300 active listings and balanced competition, Las Vegas's market is currently classified as warm. Balanced conditions allow time for due diligence and negotiation.
Key Data Points
| Metric | Value |
|---|---|
| Median Sale Price | $415,000 |
| YoY Price Change | +3.0% |
| Median Days on Market | 35 days |
| Active Listings | 5,300 |
| Est. 2BR Fair Market Rent | $1,832/mo |
| Gross Rental Yield | 5.3% |
| Median Household Income | $62,000 |
| Affordability Index | 73 |
Getting Live Data via API
ZipMarketData provides live data for all ZIP codes within the Las Vegas, NV metro. Use the /market-stats endpoint with any Las Vegas ZIP code for the most current figures.