2024 · Nevada
Rental yield in Nevada
In 2024, the typical rental in Nevada produced a gross yield of 4.5% — $1,709/mo median rent against a $456K median home value, ranking 31st of 51 states.
4.5%
Gross rental yield
below the 4.9% U.S. median
$1,709/mo
Median gross rent
incl. utilities (ACS)
$456K
Median home value
owner-occupied (ACS)
Nevada metros by yield
Metropolitan areas in Nevada with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Las Vegas-Henderson-North Las Vegas, NV | 4.6% | $1,739/mo | $451K |
| Reno, NV | 3.8% | $1,680/mo | $536K |
| Carson City, NV | 3.5% | $1,495/mo | $505K |
Frequently asked questions
What is the gross rental yield in Nevada?
In 2024, Nevada had a gross rental yield of 4.5% — $1,709/mo median gross rent against a $456K median home value. That ranks 31st of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Nevada metros have the best rental yield?
Among Nevada metros covered by the data, gross yield was highest in Las Vegas-Henderson-North Las Vegas, NV (4.6%), Reno, NV (3.8%), and Carson City, NV (3.5%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Nevada
Yield shows where the numbers work; our Investor Financing Report for Nevada shows the rate premium, denial rate, and DSCR lending investors face there.
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.