What's a good cap rate in Las Vegas?

In Las Vegas, cap rates typically run around 5.8% (Las Vegas metro median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific Las Vegas deal lands versus this benchmark.

What's the average rent for a rental in Las Vegas?

A typical rental in Las Vegas runs about $1,735–$2,413/mo (HUD Fair Market Rent, 2–3BR). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in Nevada?

Nevada's effective property tax rate is about 0.59% of value per year — the figure TrueCap applies by default for Las Vegas deals. You can override it with the exact local rate.

Las Vegas, NV

Las Vegas rental property analysis

Las Vegas combines strong in-migration and no state income tax with a tourism-driven economy that can swing harder than most through downturns.

Las Vegas market snapshot

Balanced market

Mid-range cap rates — cash flow and appreciation are both realistically on the table.

Typical cap rate

5.8%

Las Vegas metro median

Typical rent

$1,735–$2,413/mo

HUD FMR · 2–3BR · 2026

Typical price

$360,000–$460,000

est., all-in

Property tax

0.59%

Nevada effective

Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.

Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.

Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026

Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.

Is Las Vegas a good place to buy rentals?

Growth and tax advantages are attractive, but the economy is cyclical — underwrite vacancy honestly and keep reserves. Henderson offers more stability.

See the full Nevadainvesting guide — taxes, landlord law & top metros →

Neighborhoods to look at in Las Vegas

North Las Vegas

Affordable, family renters, newer stock.

Henderson

Premium suburb, low vacancy, reliable tenants.

East Las Vegas

Value-add entry, higher cash flow.

Neighborhood notes are starting points, not recommendations — always underwrite the specific property.

Run a Las Vegas deal in 60 seconds

Paste a Las Vegas address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with Nevada tax and HUD rent so you start from the right assumptions.

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