Las Vegas, NV real estate investing data
Updated 2026-11-09 · Official Census, HUD, NAIC and FHFA figures
Summary
In Clark County, the county around Las Vegas, the median home value is $400,800, median rent is $1,518 a month and the effective property tax rate is 0.50%. A $250,000 purchase at that rate means about $1,250 a year in property tax. Homeowners insurance averages $1,013 a year across Nevada.
- Median home value
- $400,800
- Median rent / month
- $1,518
- Property tax rate
- 0.50%
- Gross rent yield
- 4.54%
How does Las Vegas compare with the rest of Nevada?
Home values in Clark County are 46% above the median Nevada county ($274,200). Rent is 35% above the state median ($1,126). The median county's property tax rate is 0.51%, against 0.50% here. Gross yield is a year of median rent divided by median home value. It leaves out all costs, so use it only to compare areas.
Las Vegas fair market rent by size
| Studio | $1,310 |
|---|---|
| 1 bedroom | $1,435 |
| 2 bedrooms | $1,686 |
| 3 bedrooms | $2,317 |
| 4 bedrooms | $2,652 |
Las Vegas home price growth
| Latest year | 1.6% |
|---|---|
| 5 years, per year | 8.9% |
| 10 years, per year | 8.7% |
Is there a transfer tax in Las Vegas?
State-law minimum of $1.95 per $500 ($0.65 under NRS 375.020 plus $1.30 under NRS 375.023) in counties under 700,000; buyer and seller are jointly and severally liable and may allocate the cost by contract. Rate is set by county population: counties of 700,000 or more pay $2.55 per $500 (51 bps); counties under 700,000 pay $1.95 and may add up to $0.05 per $500. NV Legislature, NRS 375
Common questions
What is the property tax rate in Las Vegas?
The effective rate in Clark County is 0.50%, based on median taxes paid and median home value in the Census ACS (2019-2023). Your bill may differ, especially if a purchase triggers a reassessment.
What is fair market rent in Las Vegas?
HUD's 2027 Fair Market Rent for Clark County is $1,686 for two bedrooms and $2,317 for three. HUD sets these near the 40th percentile and includes utilities, so check them against nearby listings.
How much have home prices risen in Las Vegas?
FHFA's index shows Clark County prices rising 8.9% a year over the five years to 2025 and 8.7% a year over ten. Those years were unusually strong, so a lower figure is safer in a forecast.
Where these numbers come from
All figures are for Clark County as a whole, which can differ from the city and from any one neighborhood. Values, rents and taxes are from the Census ACS 2019-2023. Fair Market Rents are HUD 2027. Insurance is the NAIC 2023 Nevada average. Price growth is FHFA's developmental county index through 2025. Estimates only, not financial advice.