Las Vegas, NV

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

7528 / 18654

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$38,684

Middle-Earners Revenue

Occupancy

66%

Middle-Earners Occupancy

Home Value

$425,749

Median Home Sale Price

Top Earners

$93,663

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 permitted citywide with a license, but investors face moderately complex permitting and ongoing obligations including occupancy caps, contact/response rules, building and property standards, and required postings; while not prohibitive, the compliance framework is non‑trivial.

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About Las Vegas

Las Vegas is a sprawling desert city in southern Nevada, sitting within Clark County at the foot of the Spring Mountains. The city proper is home to roughly 650,000 residents, while the surrounding metropolitan area counts more than two million, making it the largest urban hub in the state. It is best known around the world for its concentration of mega-resorts, casinos, and round-the-clock entertainment, and it serves as a primary gateway to several of the American Southwest's most striking natural landscapes, including Red Rock Canyon, Lake Mead, and the western reaches of the Grand Canyon. The nearest major city is Los Angeles, which lies about 270 miles to the southwest and is reachable in roughly a four-hour drive.

The heart of the city's appeal is the Las Vegas Strip, a roughly four-mile stretch of Las Vegas Boulevard lined with themed resort hotels, performance venues, and high-end dining. While technically within the unincorporated community of Paradise, the Strip is synonymous with Las Vegas itself and draws tens of millions of visitors each year. It is essentially at the doorstep of most short-term rentals in the area, making it the central anchor for tourism in the city.

Just a short drive west of the city, Red Rock Canyon National Conservation Area offers a striking contrast to the neon of the Strip. About 17 miles from downtown, the conservation area features a 13-mile scenic loop road that winds through red sandstone cliffs, desert wildlife habitat, and a network of hiking and rock-climbing routes. It is one of the most popular day-use outdoor destinations in the region and a favorite for visitors seeking a quieter half-day outing.

To the southeast, Hoover Dam is approximately 45 minutes away, straddling the Nevada-Arizona border on the Colorado River. The massive Art Deco-era concrete structure draws visitors interested in engineering, mid-century history, and dramatic views of Black Canyon. The surrounding Lake Mead National Recreation Area extends the experience with hundreds of miles of shoreline for boating, swimming, and hiking, and it is reachable within roughly 30 minutes from central Las Vegas.

For those who want a more curated introduction to the city's past, the downtown area around Fremont Street offers an older, more compact version of the Las Vegas experience, with vintage casinos, pedestrian canopies, and live entertainment. Roughly an hour northeast, Valley of Fire State Park adds another dramatic desert landscape to the list, with petrified red dunes, ancient petroglyphs, and short scenic drives.

Las Vegas is a compelling base for short-term rentals because it pairs enormous year-round tourism demand with easy access to a surprising variety of outdoor destinations. Visitors can spend the morning hiking in Red Rock Canyon and the evening dining on the Strip, all without changing hotels, which keeps nightly occupancy rates strong and appeals to a broad spectrum of travelers.

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