Rental market data · 2024 Census estimates

Las Vegas, NV rental yield and cash flow

In the Las Vegas-Henderson-North Las Vegas, NV metro, the median owner-occupied home was valued at $451,000 and the median gross rent was $1,739 a month in 2024. That is a gross rent yield of 4.63%, rank 64 of the 100 largest metros we track.

$451,000Median home value (±$4,053)

$1,739Median gross rent / mo (±$18)

4.63%Gross rent yield

21.6Price-to-rent ratio

0.48%Median taxes ÷ median value

42%Renter-occupied homes

0.39%Monthly rent ÷ price (1% rule)

2.40MMetro population

Does the median home cash flow at today's rate?

We priced a hypothetical rental at the metro medians: $451,000 purchase, $1,739 rent, 25% down, a 30-year loan at 7.28% (Freddie Mac's 30-year average for the week of October 1, 2026), $2,155 in annual property taxes, insurance at 0.5% of price, and 5% vacancy, 10% repairs and 8% management.

At these assumptions the median-priced home runs about $1,343 a month short of covering its costs (DSCR 0.42). Rent would need to reach about $3,483, 100% above the median, to break even, or the price would need to be near $169,729 for a 1.25 DSCR. Net operating income is about $11,658 a year, a 2.59% cap rate, against $27,772 of annual debt service.

Investment-property loans usually price above the owner-occupant average this survey reports, and your insurance quote, tax bill and rent will differ from a metro median. Change any input below.

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How Las Vegas compares

Metros with the nearest gross yields among the 100 we track. * Cash flow uses the same assumptions as above.

Rank	Metro	Median value	Median rent	Gross yield	Price-to-rent	Cash flow / mo*
61	Chattanooga, TN-GA	$324,500	$1,265	4.68%	21.4	-$975
62	Kiryas Joel, NY	$434,900	$1,688	4.66%	21.5	-$1,789
63	Phoenix, AZ	$470,600	$1,819	4.64%	21.6	-$1,367
64	Las Vegas, NV	$451,000	$1,739	4.63%	21.6	-$1,343
65	Albuquerque, NM	$322,700	$1,220	4.54%	22.0	-$1,061
66	Minneapolis, MN-WI	$384,300	$1,444	4.51%	22.2	-$1,363
67	Tucson, AZ	$349,500	$1,300	4.46%	22.4	-$1,128

What these numbers leave out

Census gross rent includes utilities when the tenant pays them, so it can overstate what a landlord collects. Median value describes owner-occupied homes, not the rental stock, and a metro median hides wide neighborhood differences. Treat this page as a screen, then underwrite the specific property.

Sources

U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25064 (median gross rent)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25077 (median value, owner-occupied housing units)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25103 (median real estate taxes paid)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25003 (housing tenure)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B01003 (total population)
Freddie Mac Primary Mortgage Market Survey (30-year fixed average, week of October 1, 2026)

Data snapshot October 7, 2026. Methodology: all metros.