Las Vegas, long known for its entertainment and tourism, has become an increasingly attractive destination for real estate investors. In 2025, the Las Vegas investment property market continues to thrive thanks to population growth, economic diversification, and strong rental demand.
This guide explores the average investment property price in Las Vegas in 2025, projected returns, and the best neighborhoods for investors.
🔢 Average Investment Property Price in Las Vegas (2025)
As of mid-2025, the average price of an investment property in Las Vegas is around $387,000, depending on the property type, location, and rental strategy.
| Property Type | Avg Price (2025) |
|---|---|
| Single-Family Rental | $420,000 |
| Condo/Apt Unit | $295,000 |
| Multi-Family (2-4 units) | $610,000 |
| STR-Approved Property | $465,000 |
Short-term rental (STR) properties near the Strip or in approved zones command premium prices.
🔹 Why Invest in Las Vegas Real Estate in 2025?
1. Growing Population & Job Market
Las Vegas is adding residents at a steady pace, driven by migration from California and new job opportunities in tech, logistics, and healthcare.
2. Strong Rental Demand
With rising home prices and mortgage rates, many locals are renting longer, boosting demand for quality rentals.
3. Tourism & Airbnb Revenue
Las Vegas remains one of the most visited cities in the U.S., with STRs producing 8%–12% gross rental yields.
4. Tax-Friendly Environment
No state income tax and favorable landlord laws appeal to out-of-state investors.
📊 Investment Property Price Trends (2020–2025)
| Year | Avg Investment Price | YoY Change |
| 2020 | $300,000 | +7.9% |
| 2021 | $336,000 | +12.0% |
| 2022 | $373,000 | +11.0% |
| 2023 | $390,000 | +4.6% |
| 2024 | $374,000 | -4.1% |
| 2025 | $387,000 | +3.5% |
The 2024 slowdown was driven by interest rate hikes, but the market rebounded in 2025 with renewed investor activity.
🏠 Best Neighborhoods for Investment Properties in Las Vegas (2025)
| Neighborhood | Why Invest Here |
| Spring Valley | Affordable homes, high rental demand |
| Henderson | Desirable suburb, good schools, family tenants |
| Downtown LV Arts Dist. | Trendy, walkable, growing STR scene |
| Enterprise | Near airport, newer homes, strong appreciation potential |
| North Las Vegas | Budget-friendly, long-term renters |
💼 Las Vegas Investor Snapshot (2025)
| Metric | Value |
| Avg Monthly Rent (SFR) | $2,050 |
| Gross Rental Yield | 6.2% – 12% depending on property |
| Occupancy Rate (LTR) | 92% |
| STR Occupancy Rate | 68% – 81% |
Many investors combine LTR (long-term rental) and STR strategies to diversify revenue streams.
🧱 Who Should Invest in Las Vegas in 2025?
| Investor Type | Recommendation | Why |
| Cash Buyer | ✅ Yes | Competitive edge in hot neighborhoods |
| 1031 Exchange Investor | ✅ Yes | Las Vegas offers suitable inventory and exchange flexibility |
| Airbnb Host | ✅ Strongly consider | Tourist demand remains high year-round |
| Out-of-State Landlord | ✅ Yes | Remote management is feasible with local property managers |
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- “Las Vegas investment property price 2025”
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- “Airbnb property for sale in Las Vegas”
- “Best Vegas neighborhoods to invest 2025”
- “Las Vegas real estate ROI 2025”
🔐 Final Thoughts
The Las Vegas investment property market in 2025 continues to deliver strong opportunities for both income and long-term growth. With stable rental demand, STR potential, and tax-friendly laws, it’s no surprise investors are setting their sights on Sin City.
Whether you’re buying your first property or expanding your portfolio, Vegas remains one of the best cities to invest in real estate in 2025.