Market Snapshot
- Median listing price
- $880K
- Median rent
- $2,716/mo
- Days on market
- 58 days
- Gross rental yield
- 3.70%
- STR vs LTR
- $2,196/mo STR · $2,716/mo LTR
The median listing price in Las Vegas, NV ZIP 89135 is $880,000 as of August 2026.
The median market rent in Las Vegas, NV ZIP 89135 is $2,716/month as of August 2026.
The median days on market in Las Vegas, NV ZIP 89135 is 58 days as of August 2026. The market is currently neutral.
At a median list price of $880,000 and a median rent of $2,716/month, the gross rental yield in Las Vegas, NV ZIP 89135 is 3.70% as of August 2026.
In Las Vegas, NV ZIP 89135, median Airbnb revenue is $2,196/month compared to median long-term rent of $2,716/month as of August 2026.
Las Vegas, NV 89135 Real Estate Market Report
ZIP Code: 89135
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 89135 area are approximately 6.75%, reflecting a market where rates have remained in the mid-to-upper 6% range throughout 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 signal is the median sold price of 865,000, which indicates recent transaction values are clustered near this level and should be used as the principal benchmark for pricing offers and appraisals; flat year-over-year price trend suggests limited upside from comparables in the short term.
- There is a persistent spread between the median listing price of 880,000 and the median sold price, which suggests sellers are listing above recent transaction levels and may need concessions or price adjustments to achieve sales; pricing friction may appear if sellers maintain ask premiums.
- Liquidity appears moderate with a median days on market of 58, which points to slower sales velocity relative to historically faster-moving markets and may give buyers time to negotiate; balanced market temperature aligns with this measured pace of transactions.
- External financing pressure is meaningful: with interest rate pressure labeled elevated and local 30-year fixed mortgage rates around 6.75%, underwriters and buyers may be more rate-sensitive, which could dampen demand for higher-priced listings and increase the importance of realistic pricing and seller concessions; elevated interest rate pressure
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.
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.
Below-market acquisition. Investor purchase with value-add potential through renovation.
Quick sale indicating strong buyer demand and competitive market conditions.
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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