Las Vegas (metro area) real estate market — prices, rental yield and trend
- Gross rental yield: 4.94%
- Net rental yield: 4.41%
- Transaction cost: 6.9%
- Price basis: regional average
Las Vegas (metro area) is one of the 123 property markets Glopra tracks.
What a buyer pays in Las Vegas (metro area)
Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 6.9% of the price here. That is below the 10.2% median across the set, which shortens the time it takes for a purchase to break even.
What it earns
The typical home here lets for about $1,742 a month against a purchase price of $423,354, which is 4.9% gross before tax. Neither figure is quoted per square metre in this market, but both come from the same source, so the ratio between them holds. It ranks 63rd of 88 markets by gross yield. Rental income is taxed at 10–30% — the rate is not a single number here. That is the difference between 3.5% and 4.5% net on the same property. The 4.4% net figure we publish uses 10.7%.
Who can buy in Las Vegas (metro area)
Freehold, no restrictions. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.
How this figure is built
The price figure for Las Vegas (metro area) is built from asking prices from listings. It was last refreshed on 2026-09-22. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.
Sources: Zillow August 2026 Market Report (ZHVI + ZORI, Las Vegas NV metro row) · zillow.com. Snapshot: 2026-09-22.
Latest Las Vegas (metro area) market analysis
- US House Prices Rose 0.3% in July, With Annual Gains Ranging From 0.6% to 6.3% by Region — 2026-09-29
- Las Vegas Led US Relocation Demand in the Second Quarter, With Five Florida Metros in the Top Ten — 2026-09-27
- US Architecture Billings Stay Weak in August 2026, Multifamily Index at 47.8 — 2026-09-26
- US 30-year mortgage rate climbs to 7.03%, 73 basis points above a year ago — 2026-09-25
- US new-home sales reach 684,000 in August, but the margin of error swallows the move — 2026-09-25
- US Home Prices Rose 3.7% in August, the Fastest in a Year, in the Weakest Market for Sellers on Record — 2026-09-24
- US home sellers paid concessions in 44.7% of sales in August — 2026-09-21
- US Home Completions Fell 27.1% in a Year While Housing Starts Barely Moved — 2026-09-20
- US Builder Confidence Fell to 32 in September as 38% of Builders Cut Prices — 2026-09-17
- The Fed Raised Rates to 3.75-4% and Its Own Projections Point to One More — 2026-09-17
- US 10-year Treasury yield touches 5% for the first time since 2023 as mortgage rates reach 6.76% — 2026-09-15
- US Existing-Home Sales Fell 2.0% in August as Supply Reached 4.9 Months — 2026-09-12
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