Market Snapshot
- Median listing price
- $475K
- Median rent
- $2,200/mo
- Days on market
- 58 days
- Gross rental yield
- 5.56%
- STR vs LTR
- $495/mo STR · $2,200/mo LTR
The median listing price in Las Vegas, NV ZIP 89134 is $475,000 as of August 2026.
The median market rent in Las Vegas, NV ZIP 89134 is $2,200/month as of August 2026.
The median days on market in Las Vegas, NV ZIP 89134 is 58 days as of August 2026. The market is currently neutral.
At a median list price of $475,000 and a median rent of $2,200/month, the gross rental yield in Las Vegas, NV ZIP 89134 is 5.56% as of August 2026.
In Las Vegas, NV ZIP 89134, median Airbnb revenue is $495/month compared to median long-term rent of $2,200/month as of August 2026.
Las Vegas, NV 89134 Real Estate Market Report
ZIP Code: 89134
Report Date: August 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the 89134 area average 6.75%, which is 0.17% higher than the 6.58% average observed for typical loans originated in this market during 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary market value indicator is the median sold price 491,000, which establishes recent transaction-level pricing and suggests that completed deals center around this value; representative recent sale conditions appear to support a stabilization of market value.
- Comparing selling dynamics to asking expectations, the median listing price 475,000 sits below the median sold price 491,000, which may indicate that sellers are able to achieve prices above typical asking levels in completed transactions; this gap combined with a median days on market of 58 suggests moderate sales velocity with some pricing friction.
- Market-wide trend signals show prices year-over-year are down while the market temperature reads neutral, indicating a transition toward balance rather than a pronounced downturn; interpret this as stabilization rather than a rapid decline.
- Liquidity and cost-of-capital considerations: interest rate pressure is reported as elevated with local 30-year fixed rates averaging 6.75%, which is 0.17% higher than typical 2026 originations in the market; this elevated financing cost may dampen demand and supports more deliberate buyer behavior, while median market rent 2,200 and median price per square foot 300 provide context for affordability and pricing tiers.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Quick sale indicating strong buyer demand and competitive market conditions.
Quick sale indicating strong buyer demand and competitive market conditions.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.67% rate, 0.5% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 8/19/2026
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