LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,723
Monthly Cash Flow
-$717
Principal + Equity
$3,122
Annual Total Gain
$28,861
Cash on Cash
-8.06%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Cities in America
#21out of 229 markets
Best Cities to Retire in America
#86out of 229 markets
Healthiest Places to Live in America
#118out of 230 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Las Vegas, NV.
In Las Vegas, NV, Short Term Rental (STR) regulations are governed by the city's Department of Planning. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Permit Requirement: All STR properties in Las Vegas must obtain a Short Term Rental Permit from the city. This permit is required for properties rented out for periods of less than 30 days.
2. Zoning Restrictions: STR properties must be located in areas zoned for short term rentals. Investors should check the zoning regulations in the specific area where they are looking to purchase a property.
3. Occupancy Limits: The city of Las Vegas has occupancy limits for STR properties, which vary depending on the size of the property. Investors should be aware of these limits and ensure compliance.
4. Noise Regulations: Las Vegas has strict noise regulations, especially in residential areas. Investors should ensure that their STR property is in compliance with noise regulations to avoid complaints from neighbors.
5. Taxation: Investors should be aware of the tax implications of operating an STR property in Las Vegas. This includes occupancy taxes, sales taxes, and any other applicable taxes.
6. Homeowner's Association (HOA) Rules: If the property is located in a community with an HOA, investors should review the HOA rules and regulations regarding STRs. Some HOAs may have restrictions or prohibitions on short term rentals.
7. Insurance: Investors should consider obtaining specialized insurance for their STR property to protect against potential liabilities and damages.
Overall, investors looking to purchase a property for Short Term Rental in Las Vegas should thoroughly research and understand the regulations and requirements set forth by the city to ensure compliance and successful operation of their rental property.
Market Trends Over Time
Explore 25 years of market data for Las Vegas, NV, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Las Vegas, NV.
The LTR Genie Score of Las Vegas, NV is 71, indicating a high level of rentability for long-term rental properties in the area. The STR Genie Score is even higher at 75, suggesting that short-term rental properties, such as those listed on Airbnb, are also performing well in the market. The strong performance of both rental strategies is likely due to the high demand for housing in Las Vegas, as indicated by the relatively low 1-year price appreciation forecast of 0.88%.
Las Vegas is a popular tourist destination known for its vibrant entertainment scene, world-class dining, and bustling nightlife. The city attracts millions of visitors each year, creating a steady demand for short-term rental accommodations. Additionally, Las Vegas has a growing population and a strong job market, making it an attractive location for long-term rental investments as well.
Based on the high LTR and STR Genie Scores, as well as the positive rental growth rates and net ROI figures, Las Vegas, NV appears to be a promising market for real estate investors. Both long-term and short-term rental strategies seem to be performing well in the area, making it a versatile option for investors looking to diversify their portfolio. Overall, Las Vegas presents a compelling opportunity for those considering real estate investments in the current market conditions.
LTR Genie Score 93
$219,000
🛏 5 Beds🛁 6.0000 Baths🏙 1,434 sqft.🏠 SINGLE FAMILY