Las Vegas, NM

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Key Performance Metrics

Market snapshot

Performance indicators for the Las Vegas short-term rental market based on reliable data.

Listings

61 / 130

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$19,862

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$230,621

Median Home Sale Price

Top Earners

$63,036

Top-Earners Revenue

Las Vegas

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Las Vegas.

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B

Generally Investor friendly

Las Vegas Regulations

STRs are clearly allowed citywide with no explicit caps, but investors must complete county STR permit, lodging vendor license, city business license, fire/insurance/septic checks, and a Good Neighbor Agreement, plus pay fees ($150/unit first year, $100 renewal, $36 city license) and meet occupancy limits; inspections and penalties (up to $500/day and 2‑year revocation after three violations) add compliance burden, but the process is known and navigable.

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About Las Vegas

Las Vegas, often known simply as Vegas, is a city in and the county seat of San Miguel County, New Mexico, United States. Once two separate municipalities (one a city and the other a town), both were named Las Vegas—West Las Vegas ("Old Town") and East Las Vegas ("New Town"); they are separated by the Gallinas River and retain distinct characters and separate, rival school districts. The population was 13,166 at the 2020 census. Las Vegas is located 110 miles (180 km) south of Raton, 65 miles (105 km) east of Santa Fe, 122 miles (196 km) northeast of Albuquerque, 257 miles (414 km) south of Colorado Springs, Colorado, and 326 miles (525 km) south of Denver.

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