Last updated on August 10th, 2023
Best Places to Airbnb in Las Vegas: Wondering which places in Las Vegas are the best for Airbnb? Here we feature profitable areas in Las Vegas & their respective Airbnb data.
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Wondering which places in Las Vegas are the best for Airbnb? Here we feature profitable areas in Las Vegas & their respective Airbnb data.
- Last updated on
- August 10, 2023
Key Takeaways
- The real estate market in Las Vegas and its affordable cost of living allowed many property investors in the city to earn a good passive income. In addition to this, the tourism industry and business-friendly environment have also contributed to the success of Airbnb properties.
- Find out the advantages for property investors who want to invest in Las Vegas and nearby areas in Nevada.
- Discover the top 10 most profitable neighborhoods and nearby cities in Las Vegas along with their recommended property type, average housing price and respective Airbnb data.
Introduction
Las Vegas is best known as the entertainment capital of the world. It never disappoints anyone with its different exciting activities that are mostly for adults. On top of that, this city is one of the most visited destinations around the world!
This internationally renowned major resort city is widely known for its exciting nightlife, great restaurants, shopping, and fascinating thematic hotels. And of course, we can’t forget to mention gambling!
You may be asking yourself: “which are the most profitable areas for Airbnb in Las Vegas?” – let us lend you a hand!
In this article, we will feature the best places to do Airbnb in Las Vegas and some of the expectations for buying investment properties in Las Vegas. Stoked to learn more? Then continue reading.
Why invest in an Airbnb in Las Vegas, Nevada?
Investing in real estate in Las Vegas is a great way of achieving financial freedom as it offers profitable opportunities for property investors. This city is widely known for its casinos and vibrant nightlife, but what are the advantages for investors if they invest in this city? Check out some of the reasons why buying an investment property in Las Vegas is a good idea:
Affordable real estate
One of the top advantages of buying a short-term rental property in Las Vegas is that the housing prices are quite affordable compared to other major cities. The average property price is $389,830 with a 1-year value change of 4.4% as confirmed by Zillow Index. In addition to this, this city also has very low property taxes and requires no state income taxes!
Popular tourist destination
When it comes to tourism, Las Vegas stands out as one of the most visited cities in the world. So if you’re an investor who’s looking to cater to tourist accommodations, then you will find Las Vegas’ tourist market great. As a matter of fact, around 32,2M travelers visited this city just in 2021 and the numbers continue to grow each year after the pandemic.
Top-tier destination for investors
An Airbnb property investment can turn into a good source of passive income for hosts and targeting Las Vegas is a solid bet for investors. Aside from being a mecca for gambling and entertainment, Las Vegas is a fast-growing city with a business-friendly environment and affordable cost of living. Moreover, the city is not prone to natural disasters. Thus, it’s guaranteed that you will be getting a good return on investment without worrying about natural damages.
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Is Airbnb Profitable in Las Vegas?
Airbtics confirms that Airbnb investment properties in Las Vegas are lucrative. In fact, this city is one of the top Airbnb cities in the USA! However, investors should keep in mind that the level of profitability highly depends on the property type and its location.
According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $56,585 and a median occupancy rate of 69% for operating a 4-bedroom property in Las Vegas.
Source: Airbtics Dashboard
The 10 Best Places to Airbnb near Las Vegas, NV
Las Vegas is the largest city within the greater Mojave Desert and is the most populous city in Nevada. It has many individual neighborhoods, so you may wonder which area should you choose to do real estate investments in Las Vegas – don’t worry, we got you!
Check out the best neighborhoods and nearby cities in Las Vegas, Nevada that are highly recommended for starting an Airbnb business:
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|---|---|---|---|---|---|
| Location | Number of Airbnb Listings | Best Number of Bedrooms | Median Property Price | Airbnb Annual Revenue | GRY |
| Charleston, Las Vegas | 190 | 4 Bedrooms | $384,900 (4 BD) | $111,121 | 28.87% |
| Angel Park, Las Vegas | 66 | 3 Bedrooms | $380,000 (3 BD) | $61,806 | 16.26% |
| West Las Vegas | 25 | 2 Bedrooms | $295,000 (2 BD) | $45,168 | 15.31% |
| Rancho Oakey, Las Vegas | 39 | 3 Bedrooms | $407,000 (3 BD) | $79,663 | 19.57% |
| Summerlin, Las Vegas | 53 | 3 Bedrooms | $460,000 (3 BD) | $69,692 | 15.15% |
| North Las Vegas, NV (3 mi away) | 188 | 3 Bedrooms | $375,000 (3 BD) | $60,037 | 16.01% |
| Paradise, NV (12 mi away) | 2.636 | 4 Bedrooms | $475,000 (4 BD) | $80,102 | 16.86% |
| Henderson, NV (13 mi away) | 246 | 4 Bedrooms | $575,000 (4 BD) | $95,308 | 16.57% |
| Bullhead City, AZ (98 mi away) | 113 | 3 Bedrooms | $299,900 (3 BD) | $51,650 | 17.22% |
| Joshua Tree, CA (157 mi away) | 469 | 3 Bedrooms | $459,000 (3 BD) | $72,822 | 15.87% |
Airbnb Location
Airbnb Dataset
Charleston, Las Vegas
- Total Number of Airbnb Listings: 190
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $384,900
- Airbnb Annual revenue: $111,121
- Gross rental yield: 28.87%
Angel Park, Las Vegas
- Total Number of Airbnb Listings: 66
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $380,000
- Airbnb Annual revenue: $61,806
- Gross rental yield: 16.26%
West Las Vegas
- Total Number of Airbnb Listings: 25
- Best bedroom size: 2 bedroom
- Median property price (2 bedroom): $295,000
- Airbnb Annual revenue: $45,168
- Gross rental yield: 15.31%
Rancho Oakey, Las Vegas
- Total Number of Airbnb Listings: 39
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $407,000
- Airbnb Annual revenue: $79,663
- Gross rental yield: 19.57%
Summerlin, Las Vegas
- Total Number of Airbnb Listings: 53
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $460,000
- Airbnb Annual revenue: $69,692
- Gross rental yield: 15.15%
North Las Vegas, NV
- Distance from Las Vegas: 3 miles
- Total Number of Airbnb Listings: 188
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $375,000
- Airbnb Annual revenue: $60,037
- Gross rental yield: 16.01%
Paradise, NV
- Distance from Las Vegas: 12 miles
- Total Number of Airbnb Listings: 2,636
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $475,000
- Airbnb Annual revenue: $80,102
- Gross rental yield: 16.86%
Henderson, NV
- Distance from Las Vegas: 13 miles
- Total Number of Airbnb Listings: 246
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $575,000
- Airbnb Annual revenue: $95,308
- Gross rental yield: 16.57%
Bullhead City, AZ
- Distance from Las Vegas: 98 miles
- Total Number of Airbnb Listings: 113
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $299,900
- Airbnb Annual revenue: $51,650
- Gross rental yield: 17.22%
Joshua Tree, CA
- Distance from Las Vegas: 157 miles
- Total Number of Airbnb Listings: 469
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $459,000
- Airbnb Annual revenue: $72,822
- Gross rental yield: 15.87%
Source: Airbtics Dashboard
Conclusion
Las Vegas has many profitable areas that offer great investment opportunities to investors. While there are plenty of neighborhoods and nearby cities in Las Vegas that can bring attractive rental yields and annual revenue, it’s certainly important to analyze them carefully.
After discovering the best places to Airbnb in Las Vegas, Nevada, we encourage you to go further and check Airbtics’ Airbnb profit calculator. Take the next step and maximize your profitability now!
Short-Term Rental Data
Short-Term Rental Data
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