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North Las Vegas, NV Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,857
Monthly Cash Flow
-$394
Principal + Equity
$3,209
Annual Total Gain
$33,771
Cash on Cash
-4.64%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$286
Occupancy Rate
63.33%
Monthly Revenue
$4,212
Monthly Cash Flow
$1,329
Principal + Equity
$3,209
Annual Total Gain
$54,449
Cash on Cash %
15.64%
Net ROI %
Market Health & Growth
Median Income
$76,772
Population
270,773
LTR Renter %
37.34%
Forecast (1 yr)
1.04%
Appreciation (1 yr)
-0.57%
Appreciation (5 yr)
43.1%
Appreciation (10 yr)
126.55%
Job Growth
3.61%
LTR Rentability
Very High
STR Demand
81
STR Rentals
883
Top Public Schools
AAdvanced Technologies Academy
A-West Career & Technical Academy
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Suburbs in Nevada
#5out of 29 markets
Most Diverse Places to Live in Nevada
#7out of 68 markets
Best Suburbs for Young Professionals in Nevada
#13out of 29 markets
C
Public School
D
Crime And Safety
D
Housing
B-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in North Las Vegas, NV.
As of September 2021, North Las Vegas has specific regulations in place for short-term rentals (STRs) that investors should be aware of before purchasing a property for this purpose.
1. Permit Requirement: All STRs in North Las Vegas are required to obtain a short-term rental permit from the city. This permit must be renewed annually and failure to obtain one can result in fines and penalties.
2. Zoning Restrictions: STRs are only allowed in certain zoning districts in North Las Vegas. Investors should check the zoning regulations for the specific property they are interested in to ensure that it is eligible for use as a short-term rental.
3. Occupancy Limits: There are occupancy limits for STRs in North Las Vegas, with a maximum of 12 occupants allowed in a single-family dwelling and 2 occupants per bedroom in multi-family dwellings.
4. Noise and Nuisance Regulations: STRs in North Las Vegas must comply with noise regulations and other nuisance ordinances to ensure that they do not disrupt the peace and quiet of the neighborhood.
5. Taxation: STRs in North Las Vegas are subject to transient lodging taxes, which must be collected and remitted to the city on a regular basis.
6. Insurance Requirements: Investors should ensure that their property insurance policy covers short-term rental activity and liability issues that may arise from renting out the property.
7. HOA Restrictions: If the property is located in a homeowners' association (HOA), investors should check the HOA rules and regulations regarding short-term rentals, as some HOAs may have restrictions or prohibitions on this type of activity.
It is important for investors to thoroughly research and understand the regulations and requirements for short-term rentals in North Las Vegas before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and potential legal issues that could impact the profitability of the investment.
Market Trends Over Time
Explore 25 years of market data for North 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 North Las Vegas, NV.
The LTR Genie Score of North Las Vegas, NV is 78 and STR Genie Score is 89, indicating a high level of rentability for both long-term and short-term rental properties in the area. The high STR Genie Score can be attributed to the strong occupancy rate of 63.33% and impressive revenue of $4212, while the LTR Genie Score is likely influenced by the solid rent growth rate of 0.0611% and attractive net ROI of 33.13%.
North Las Vegas, NV is a growing city with a diverse economy and a strong job market, making it an attractive location for real estate investors. The 1-year price appreciation forecast of 1.04% suggests that property values are expected to increase in the near future, adding to the appeal of investing in this market.
Based on the metrics provided, North Las Vegas, NV appears to be a promising market for both long-term and short-term rental investments. With high rentability scores for both rental strategies and positive indicators such as rent growth rate, net ROI, and occupancy rates, investors may find success in either rental option. It is recommended for real estate investors to further research the market dynamics and consider their investment goals before making a decision on whether to pursue long-term rental, short-term rental, or a combination of both in North Las Vegas, NV.
LTR Genie Score 78
$484,777
🛏 4 Beds🛁 4.0000 Baths🏙 2,502 sqft.🏠 SINGLE FAMILY