Market Snapshot
- Median listing price
- $487K
- Median rent
- $2,345/mo
- Days on market
- 47 days
- Gross rental yield
- 5.77%
- STR vs LTR
- $504/mo STR · $2,345/mo LTR
The median listing price in Las Vegas, NV ZIP 89178 is $487,450 as of August 2026.
The median market rent in Las Vegas, NV ZIP 89178 is $2,345/month as of August 2026.
The median days on market in Las Vegas, NV ZIP 89178 is 47 days as of August 2026. The market is currently neutral.
At a median list price of $487,450 and a median rent of $2,345/month, the gross rental yield in Las Vegas, NV ZIP 89178 is 5.77% as of August 2026.
In Las Vegas, NV ZIP 89178, median Airbnb revenue is $504/month compared to median long-term rent of $2,345/month as of August 2026.
Las Vegas, NV 89178 Real Estate Market Report
ZIP Code: 89178
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
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 Las Vegas are approximately 6.75%, reflecting a stable market environment for property owners in this area compared to earlier 2026 averages.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary indicator of market value is the median sold price: $439,500, which anchors recent transaction activity and, together with a median days on market: 47, suggests a moderate sales velocity that appears consistent with a representative recent sale level (balanced).
- There is a notable gap between the median listing price: $487,450 and the median sold price, which may indicate pricing friction where seller expectations exceed recent transaction levels and could pressure sellers to adjust asking prices to meet buyer demand (flat).
- Liquidity appears supported by a relatively constrained active supply in the analyzed sample, which, coupled with a neutral market temperature, points to a market moving toward balance rather than rapid expansion or contraction (neutral).
- Rental conditions and financing headwinds are mixed: the median market rent: $2,345 is posting a down year-over-year trend while interest rate pressure is reported as elevated (current 30-year fixed mortgage rates ~6.75%), which may weigh on investor yield expectations and slow investor-driven demand.
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.
Quick sale indicating strong buyer demand and competitive market conditions.
Below-market acquisition. Investor purchase with value-add potential through renovation.
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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