Best Places to Buy Rental Property in Nevada (2026)
6 Nevada cities ranked by entry price, $320,000 to $565,000, each with 100+ tracked closings inside the city limits.
There is no honest way to rank Nevada cities by rental return without rent data, and this page does not have it. What it does have is transaction evidence: the median price homes actually closed at inside each city's limits, and how many closings happened. That answers the two questions that come before any cash flow analysis, what it costs to get in and whether you can get back out.
What this page measures, and what it does not
Every city below cleared at least 100 closings in its reporting window, which filters out markets too thin to read. They are ranked cheapest first by median closed price, from $320,000 to $565,000. You will not find rent estimates, rent-to-price ratios, cap rates, cash-on-cash projections or gross yield rankings here. Resideline does not have verified rent data for these cities, so publishing those numbers would be invention rather than analysis. Entry price and transaction volume are what the data supports. Every figure describes closings inside the city limits, not the wider postal area that shares the city's name. The two can differ a lot: a postal area usually reaches into surrounding townships, which pulls the median toward whatever those townships are worth. Nevada's statewide median closed price is $448,000 across 24,889 tracked closings.
The rankings
| City | Median closed price | Closings tracked | Window |
|---|---|---|---|
| Pahrump | $320,000 | 666 | 6 months |
| North Las Vegas | $410,000 | 1,968 | 6 months |
| Las Vegas | $435,000 | 4,929 | 6 months |
| Henderson | $484,000 | 3,338 | 6 months |
| Sparks | $520,000 | 848 | 6 months |
| Reno | $565,000 | 2,095 | 6 months |
1. Pahrump, $320,000, 666 closings
At $320,000 the entry price is about 71 percent of the Nevada median. Resideline tracked 666 closings there over the last last six months, roughly 111 a month. Full detail is on the Pahrump market page.
2. North Las Vegas, $410,000, 1,968 closings
At $410,000 the entry price is about 92 percent of the Nevada median. Resideline tracked 1,968 closings there over the last last six months, roughly 328 a month. About 84 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the North Las Vegas market page.
3. Las Vegas, $435,000, 4,929 closings
At $435,000 the entry price is about 97 percent of the Nevada median. Resideline tracked 4,929 closings there over the last last six months, roughly 822 a month. Full detail is on the Las Vegas market page.
4. Henderson, $484,000, 3,338 closings
At $484,000 the entry price is about 108 percent of the Nevada median. Resideline tracked 3,338 closings there over the last last six months, roughly 556 a month. About 81 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Henderson market page.
5. Sparks, $520,000, 848 closings
At $520,000 the entry price is about 116 percent of the Nevada median. Resideline tracked 848 closings there over the last last six months, roughly 141 a month. About 82 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Sparks market page.
6. Reno, $565,000, 2,095 closings
At $565,000 the entry price is about 126 percent of the Nevada median. Resideline tracked 2,095 closings there over the last last six months, roughly 349 a month. Full detail is on the Reno market page.
How to use this list
Treat it as a shortlist, not an answer. A citywide median cannot price a specific address: property type, size, condition and location move a number far more than the city line does. Run any address on this list through Resideline for the comparable set behind its value.
Figures last updated August 23, 2026 from closings Resideline tracked.
Frequently Asked Questions
What is the cheapest Nevada city to buy an investment property?
Of the 6 cities on this list, Pahrump has the lowest median closed price at $320,000, measured across 666 closings tracked inside the city limits.
Which affordable Nevada market has the most transaction volume?
Las Vegas, with 4,929 tracked closings and a median closed price of $435,000. More closings means a deeper comparable set to price against.
Do these rankings include rent or cash flow figures?
No. Resideline does not have verified rent data for these cities, so this page ranks on entry price and transaction volume only. Publishing yields or cash-on-cash figures without rent data would be invention rather than analysis.
Do these figures cover the city or the wider postal area?
The city. Every median and count here describes closings inside the municipal boundary, which is usually a smaller and different footprint from the postal area that shares the name.
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