If you are an investor looking to invest in the Las Vegas real estate market this upcoming year, this article will provide an overall investor guide on trends and data to expect. Mashvisors data helps real estate investors in Las Vegas know what to look for while they are searching through the housing market for possible investments. Below is some data on the Las Vegas real estate investment market:

  • Median Property Price: $636,953
  • Price per Square Foot: $399.89
  • Price to Rent Ratio: $34.44
  • Traditional Rental Income: $1,541.19
  • Traditional Cap Rate: 1.14%
  • Median Walkscore: 33.67
  • Median Days on Market: 118

After reviewing the median data trends on properties around Las Vegas, you are probably now asking yourself “what is the best area to buy a rental property in Las Vegas?”. Here are some of the top locations to look at when considering buying rental property in Las Vegas.

6 Best Neighborhoods in Las Vegas to Invest in for Buying a Rental Property

Finding a specific neighborhood to invest in around the Las Vegas area may be difficult if you are not familiar with the area. Below are the best neighborhoods to invest in based on a cash on cash return (COC) in Las Vegas. 

  1. East Las Vegas
  • Median Property Price: $ 361,970
  • Price per Square Foot: $227.31
  • Price to Rent Ratio: 25.93
  • Traditional Rental Income: $1,163.33
  • Traditional COC Rate: 2.32%
  1. Michael Way
  • Median Property Price: $ 337,998
  • Price per Square Foot: $235.02
  • Price to Rent Ratio: 23.22
  • Traditional Rental Income: $1,213.14
  • Traditional COC Rate: 2.18%
  1. Buffalo
  • Median Property Price: $ 588,077
  • Price per Square Foot: $254.26
  • Price to Rent Ratio: 29.76
  • Traditional Rental Income: $1,646.87
  • Traditional COC Rate: 2.04%
  1. Paradise 
  • Median Property Price: $ 491,377
  • Price per Square Foot: $254.26
  • Price to Rent Ratio: 26.5
  • Traditional Rental Income: $1,545.04
  • Traditional COC Rate: 1.95%
  1. Winchester
  • Median Property Price: $ 401,902
  • Price per Square Foot: $217.16
  • Price to Rent Ratio: 25.63
  • Traditional Rental Income: $1,306.55
  • Traditional COC Rate: 1.87%
  1. Twin Lakes
  • Median Property Price: $ 368,743
  • Price per Square Foot: $236.2
  • Price to Rent Ratio: 27.41
  • Traditional Rental Income: $1,121.26
  • Traditional COC Rate: 1.78%

Mashvisor's Real Estate Heatmap tool

Even though these are the best areas to invest in a rental property in the Las Vegas area based on cash on cash return (COC), Mashvisor’s Real Estate Heatmap tool allows investors to conduct a neighborhood analysis in any area, and zero in on profitable markets to invest in. The map identifies areas with the most affordable listing prices and the highest rental income and cash on cash return. This is a great tool to explore additional locations in Las Vegas for investment opportunities. 

Trends to Look out for in the Las Vegas Real Estate Market

The Las Vegas area can be a great location to invest in. There are many Las Vegas investment properties in all of the neighborhoods located in Clark County. Now that you have some specific areas to start looking in for these rental properties, you should consider some of the current trends in the Las Vegas real estate investment market as you are looking for properties.

Prices of Properties are Rising in the Valley

Over the past few years, the Las Vegas real estate investment market shows a trend in the prices of houses and properties rising in the valley. This increase has been almost a 30% increase in the past few years and is expected to continue rising in this upcoming year. This increase is likely caused by the increase in people moving out of California and to Las Vegas. As California has high taxes and prices for properties, people are leaving the area in search of lower taxes. Las Vegas is a popular choice for relocation, as it is one of the most affordable cities to live in.

As an investor, the increase in price in the properties over the past few years may look scary, but there are plenty of people looking to move into the Las Vegas area for an investment property to be profitable. Make sure to use Mashvisor’s Investment Property Calculator tool to help determine the cash flow and profits investment properties can generate. The investment Property Calculator uses the most up-to-date data and trends to calculate its analysis and allows investors to input any other data to generate the most accurate estimates. 

To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.

Homes are on Demand

As more and more people are relocating to live in Las Vegas because of the lower prices and taxes, more houses are being purchased from the market every day. Purchasing a home is becoming popular among both first-time homeowners and experienced homeowners. As homes are being purchased so frequently, the rise for second homes and condominium hotels are also on-demand, as people selling these homes fear they will miss out on the higher price of the Las Vegas real estate market if they don’t sell now. 

As there are fewer homes on the market for people to buy, these trends are expected to continue as people are desperately trying to move into the Las Vegas area. Again, this trend shows that Las Vegas real estate investment is on the rise. If you are an investor considering purchasing a property in the Las Vegas area, you should do so soon as properties are selling very fast. You won’t have to worry about finding someone to rent out your property as the need for houses and a place to live in Las Vegas is higher than the properties available. This factor also means you are likely to get more money back from your investment. Las Vegas investing can lead to a high income from your investment. 

The Condominium Market is Expected to Rise

Due to the great need of people wanting to move into the Las Vegas area, and there not being as many houses on the market to purchase, people are looking to condominiums as a potential place to live. Condominiums are a great choice of home for people looking to move into the Las Vegas area as the competition around the condominium market is not as tough as it is around family-style homes in Las Vegas. These condominiums are also very affordable, especially to first-time home buyers. They can easily be single-family homes and provide just enough space as a house may have for a fraction of the cost. 

As an investor, looking into purchasing condominium properties or individual condos may be a smart investment as they are just as sought after as traditional homes in the Las Vegas area. Condos can be a great Las Vegas investment property that can provide you with a high return on your investment. 

Popularity is Increasing in the Suburbs

While there are fewer and fewer homes available on the market in downtown Las Vegas, the suburbs are expected to become a popular place for families to move into. These houses tend to be more affordable while still getting all the amenities of the city. Living in the suburbs is a great option for people who want to be close to the city while living in a more suburban setting. Additionally, there is more space to spread out living in a house in the suburbs. This means you will have a larger amount of land, including a larger yard and other amenities such as maybe a pool or a patio space. 

If you are an investor looking to invest in properties in the Las Vegas area, it may be a good idea to look at the homes close to the city but in the suburbs. These homes will be just as popular because you get to be near all of the attractions in Las Vegas without somnolently living in it. 

Use The Mashvisor Property Marketplace

To explore additional properties in the Las Vegas area and the suburbs around it, use The Mashvisor Property Marketplace tool to look at all properties in the Las Vegas area. This tool allows you to explore a wide range of properties, including off-market properties that are not listed in the MLS. This could include foreclosures, tenant-occupied rentals, and more.

Why Should I Invest in the Las Vegas Real Estate Market?

After reading all of the information above you should have an answer for “is Las Vegas a good place to invest in real estate?”. Las Vegas is a huge tourist spot, as it holds the countries largest gambling and entertainment hotspot. The Las Vegas strip has been and will continue to be a popular tourist destination in the upcoming years. This factor in itself is a great reason to join the Las Vegas real estate investment market.

In addition to Las Vegas’ worldwide recognition as the gambling and entertainment hotspot of the world, people are moving to Las Vegas for other reasons as well. Las Vegas is experiencing even more growth due to other industries moving into the area. Many businesses and start-up companies are relocating to Las Vegas from other cities as the industry is on the rise. Las Vegas has a very friendly business climate. A lot of businesses looking to relocate to Las Vegas as both Las Vegas, and the state of Nevada, have a corporate or personal income tax. Low taxes and no personal and corporate income tax, in general, are a huge draw to businesses and why they chose Las Vegas to relocate to.

It should also be noted that the Las Vegas strip only really makes up a small portion of Las Vegas itself. The strip itself doesn’t represent what life is like living in the city. There is an entirely different culture and lifestyle of the people who live in Las Vegas than the strip makes it look like. There are many family-friendly neighborhoods in Las Vegas with great attractions other than the strip itself. Las Vegas real estate investment is on the rise as many families, businesses, and individuals are moving to the area for a variety of different reasons.

As an investor, this upcoming year is a great opportunity to take advantage of the Las Vegas real estate investment market and look for properties in the area. There are many different properties to explore investment opportunities in. People and businesses are looking to relocate to the Las Vegas area and are in need of housing spaces. Whether it be right in the downtown area around the strip or more so in the suburbs, these families and businesses will be interested in any sort of space to live in they can find. As the market is pretty competitive and is expected to continue to rise in the upcoming year, now is a good time for an investor to start searching for properties that can bring you a return on your investment. It is always important to work with a real estate agent or broker when you are looking to purchase a property. They will have the best understanding of the area and will be able to get you a good price on the property you are interested in. Use Mashvisor to find a top-performing real estate agent in Las Vegas. They will help you find the best Las Vegas real estate investment property.

Start Investing in Las Vegas Real Estate Today

The Las Vegas real estate investment market can be a very profitable place for investors. All types of homes, including traditional single-family homes and condominiums, are on the rise in Las Vegas today. Families and businesses are looking to relocate to Las Vegas for the lower taxes and prices of homes. If you are a real estate investor, the Las Vegas area is growing and will continue to grow in the upcoming year. This can be a great area to invest in and make a profit on your investment. All kinds of properties can generate an income on your investment in the Las Vegas area, such as condos and traditional single-family homes.

To start exploring properties and calculating your investments in the Las Vegas area, join Mashvisor and start your 7-day free trial now.




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