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📊 Nevada · Housing Market 2026

Las Vegas Housing Market Data 2026

Median prices, cap rates, rent benchmarks, and investment outlook for Las Vegas, Nevada — data sourced from Zillow, HUD FMR, and Census ACS.
🔴 Weak Market Median Price:$390,000 Cap Rate:4.8% Vacancy:8.2% 12-Mo Outlook:→ Neutral
$390,000
Median Home Price
YoY: +0.5%
4.8%
Avg Cap Rate
Cash-on-cash: 4.5%
$1,750
Median Rent (2BR/mo)
YoY: +1.4%
8.2%
Vacancy Rate
High — watch carefully
35 days
Days on Market
Moderate pace
$390,000 / 4.8%
Price / Cap Rate
🔴 Weak Market

📈 Market Analysis — Las Vegas, NV

As of 2026, the Las Vegas residential market has transitioned from a high-growth speculative arena

🔮 12-Month Predictive Outlook View All Markets →

Price Trend
→ Neutral
12-mo forecast: $392,175
Confidence: 92%
Rent Growth
→ Stable
12-mo forecast: $1,775/mo
Confidence: 90%
Emerging Score
45/100
Confidence: 92%
Price Momentum +0.5% YoY (national: +2.3%)
Days on Market 35 days (national avg: 38)
Predictions are rule-based forecasts based on price momentum, rent data, vacancy trends, and population growth. Not investment advice. See full rankings →

🏘️ Rent Breakdown — HUD Fair Market Rents

HUD Fair Market Rent represents the 40th percentile of gross rents paid by recent movers in Las Vegas. Used as a benchmark for Section 8 voucher limits and rental market analysis.

Bedroom Count Monthly Rent (HUD FMR) Annual Rental Income Est. Cap Rate at Median Price
1 Bedroom $1,400/mo $16,800/yr 3.0% est.
2 Bedrooms $1,750/mo $21,000/yr 3.8% est.
3 Bedrooms $2,200/mo $26,400/yr 4.7% est.
* Estimated cap rate uses the 70% rule (30% reserved for expenses). Actual cap rates vary by property and management style.

💰 Cost of Investing in Las Vegas

Cost ItemRate / AmountEst. Annual CostMonthly Cost
Property Tax 0.6% effective rate $2,223 $185/mo
Homeowners Insurance Nevada avg premium $1,200 $100/mo
Total Tax + Insurance Based on median home price of $390,000 $285/mo

These figures reflect state-level averages. Property tax rates vary by county; insurance costs vary by property type, age, and claims history. Source: Tax Foundation (2025), NAIC (2024).

⚖️ How Las Vegas Compares to National Averages

Avg Cap Rate
4.8%
National avg: 5.5%
Below average
Median Home Price
$390,000
National avg: $371,696
Above national avg
Vacancy Rate
8.2%
National avg: 7.6%
Above avg vacancy
2BR Median Rent
$1,750/mo
National avg: $1,753/mo
Days on Market
35 days
National avg: 38 days
Price Growth YoY
+0.5%
National avg: +2.3%

National averages calculated across all 69 tracked US investor markets. A cap rate above the national average suggests stronger cash flow potential relative to purchase price.

🗺️ Nearby Markets in Nevada

No other markets in this state.

View all Nevada markets →
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