Las Vegas, NV variant. This is a Las Vegas, NV-specific version of the Rental Yield Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rental Yield Calculator.
Las Vegas's gross rental yield - annual rent ÷ property price - is about 4.8%, based on $1,700/month rent on a $425,000 median home.
Rental yield in Las Vegas
Gross yield = ($1,700 × 12) ÷ $425,000 = 4.8%. Net yield subtracts property tax (0.5%), insurance, vacancy, and maintenance.
High-price metros tend to show lower yields (price outruns rent); affordable metros often yield more. Las Vegas's sub-5% gross yield signals an appreciation-driven market.
About Las Vegas, NV
Las Vegas is in Nevada, a state with no personal income tax, which is a notable draw for residents and businesses.
Las Vegas home prices sit somewhat above the national average after years of strong population growth.
Las Vegas's economy is driven by tourism, gaming, and hospitality, with a cost of living close to the national average.
Worked example: Las Vegas yield
Annual rent $20,400 ÷ price $425,000 = 4.8% gross. After 0.5% property tax and ~1% maintenance, net yield is meaningfully lower.
Quick reference
- Median home value: $425,000
- Median rent: $1,700/mo
- Median household income: $67,005
- Local sales tax: 8.375%
- Effective property tax rate: 0.5%
- Cost of living index: 102 (US avg = 100)
Frequently Asked Questions
What is a good rental yield?
Many investors target 6-8% gross; Las Vegas runs about 4.8%.
How is rental yield calculated?
Gross yield = annual rent ÷ purchase price. Net yield also subtracts taxes, insurance, vacancy, and upkeep.