Introduction
Las Vegas is a top destination for short-term rental investors due to its thriving tourism industry, year-round events, and reputation as an entertainment hub. This guide highlights the best-performing ZIP codes in Las Vegas, with details on gross yield, annual revenue, and property values to aid investors in making data-driven decisions.
89134 – Summerlin North
- Gross Yield: 20%
- Annual Revenue: $96,838
- Zillow Home Value: $493.1K
ZIP code 89134 covers the Summerlin North area, known for its upscale residential communities, proximity to Red Rock Canyon, and high-end shopping and dining options. With an impressive gross yield of 20% and the highest annual revenue in this list at $96,838, this ZIP code is ideal for investors targeting luxury short-term rentals. The Zillow home value of $493.1K reflects the desirability of this neighborhood, which appeals to tourists looking for a mix of luxury and outdoor recreation.
89120 – Paradise Valley
- Gross Yield: 15%
- Annual Revenue: $60,514
- Zillow Home Value: $404.6K
ZIP code 89120 is situated in the Paradise Valley area, a quieter neighborhood with easy access to the Las Vegas Strip and McCarran International Airport. With a gross yield of 15% and an annual revenue of $60,514, this area offers strong returns at a moderate investment cost. The home value of $404.6K makes it a balanced choice for investors seeking consistent rental income from visitors who want to stay close to the action without being in the middle of the Strip.
89106 – West Las Vegas
- Gross Yield: 14%
- Annual Revenue: $48,493
- Zillow Home Value: $339.1K
Located in West Las Vegas, ZIP code 89106 provides an affordable option for investors with a gross yield of 14% and an annual revenue of $48,493. The Zillow home value of $339.1K makes this an attractive entry point for those looking to invest in short-term rentals near the Las Vegas Arts District and downtown. This area appeals to tourists interested in exploring the cultural side of Las Vegas, with easy access to museums, art galleries, and local dining options.
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89115 – Nellis Air Force Base Area
- Gross Yield: 12%
- Annual Revenue: $38,769
- Zillow Home Value: $324.2K
ZIP code 89115 is close to Nellis Air Force Base, attracting both military personnel and tourists looking for budget-friendly accommodations. With a gross yield of 12% and an annual revenue of $38,769, this area offers stable returns with a lower Zillow home value of $324.2K. This ZIP code is ideal for investors targeting a mix of short-term guests and longer-term stays related to the base, providing a steady flow of visitors throughout the year.
89103 – Spring Valley
- Gross Yield: 11%
- Annual Revenue: $30,980
- Zillow Home Value: $279.7K
ZIP code 89103 includes the Spring Valley area, a popular neighborhood for tourists due to its proximity to the Las Vegas Strip. With a gross yield of 11% and an annual revenue of $30,980, this area attracts budget-conscious travelers seeking accommodations close to major attractions. The affordable home value of $279.7K makes it a cost-effective choice for investors looking to enter the Las Vegas market and cater to tourists interested in convenient access to the Strip without the high costs of staying directly on it.
Conclusion
Las Vegas offers diverse investment opportunities across these ZIP codes, from high-end areas like Summerlin to budget-friendly neighborhoods near the Strip. Investors can find profitable short-term rental niches in this vibrant city, catering to different types of travelers and maximizing returns in one of the world’s most popular destinations.
