Where to Buy Las Vegas Investment Properties in 2025: Top Neighborhoods

If you're looking to invest in Las Vegas real estate in 2025, you'll want to focus on areas that offer solid growth potential and a good return on investment. Neighborhoods like Summerlin, The Lakes, and Centennial Hills stand out, given their strong median home values and desirable amenities. These areas have shown consistent growth and continue to attract buyers, making them prime spots for investors.

I've been following the Las Vegas real estate market for a while now, and let me tell you, it's a dynamic place. The city's always buzzing, with new developments and opportunities popping up. It’s not just about the Strip anymore; there’s a whole lot more to Vegas than just casinos and shows. As an investor myself, I know how important it is to pick the right neighborhood, and I’m here to share what I've learned to help you make smart decisions.

Understanding the Las Vegas Market Right Now

Before we dive into specific neighborhoods, let's look at the current state of the Las Vegas housing market. As of November 2024, the average home value in Las Vegas is $423,942, according to Zillow. This is a 5.9% increase over the past year, which shows you that the market is still moving upwards, albeit at a slower pace than during the pandemic boom. Homes are going pending in around 29 days, which indicates a reasonably active market with decent demand.

Here's a quick rundown of some key market stats that I've compiled:

• Average Home Value: $423,942
• 1-Year Value Change: +5.9%
• Median Days to Pending: 29 days
• Median Sale Price: $412,833
• Median List Price: $456,333

These numbers are important because they give you an overview of what's happening in the market. A 5.9% year-over-year increase is still substantial and not something to be ignored. It means values are not only going up, but also that people are interested in buying here. You'll also notice a difference between the median list and sale price. That means that sellers are often asking for a bit more but ultimately many houses sell below the asking price. Keep that in mind when negotiating your offer.

Why Las Vegas is Still a Good Investment Choice

So why invest in Las Vegas now? Well, despite some natural fluctuations, there are a number of reasons why I think it's still a promising market.

• Population Growth: Las Vegas has consistently attracted new residents over the years. People move here for the weather, the job opportunities, and the overall lifestyle. This growing population drives demand for housing, making it beneficial for landlords or sellers in the future.
• Job Market: The local job market is pretty diverse, with strong sectors in hospitality, tourism, healthcare, and technology. That diversity helps make the region more resilient to economic downturns, which is a big plus for investors.
• Affordable Compared to Other Major Cities: While the home prices have gone up, Las Vegas is still more affordable compared to other major metropolitan areas on the west coast. This makes it appealing to a wider range of buyers and renters.
• Tourist Hub: As a major tourist destination, the rental market in Las Vegas is quite robust, especially for short-term rentals. However, you always need to check the local regulations on short-term rentals in each neighborhood as they can vary across the city and its county.
• Continuous Development: The city is constantly evolving, with new communities, infrastructure projects, and entertainment options being added all the time. This constant progress makes it an exciting place to be and contributes to the long-term growth of the real estate market.

Okay, with that said, let’s jump into the neighborhoods that I believe are worth your attention in 2025.

Where to Buy Las Vegas Investment Properties in 2025: Top Neighborhoods

Based on my observations, here are some of the neighborhoods you should consider when looking for investment properties in Las Vegas:

Summerlin: The Upscale Choice

Summerlin is often at the top of people's lists when it comes to quality of life in Las Vegas. It’s a master-planned community that is known for its beautiful landscaping, numerous parks, walking trails, and top-rated schools.

• Median Home Value: Summerlin is a large area so I'll give you a breakdown:
  • Summerlin North: $628,863
  • Sun City Summerlin: $459,005
• What Makes it a Good Investment:
  • High Demand: Summerlin’s appeal to families and individuals looking for a more luxurious lifestyle keeps demand high. That means you are more likely to find tenants or buyers.
  • Strong Appreciation: The neighborhood has seen consistent appreciation in home values, and that trend is likely to continue.
  • Excellent Schools: The presence of top-rated schools makes it extremely desirable for families, and this drives up demand and rental rates.
  • Amenities: You'll find golf courses, shopping centers, and community events happening regularly. It's a family-friendly place with a great quality of life.
• My Thoughts: If you're looking for a higher-end investment that’s generally safe and always appealing, Summerlin is an excellent bet. I feel the premium here is justified by the strong market and solid appreciation rates. It's a neighborhood where I would feel confident placing my investment dollars. The diverse range of sub-neighborhoods here also offers something for different tastes and price points.

The Lakes: A Waterfront Community

The Lakes is another great area in Las Vegas known for its beautiful man-made lake and waterside living. It's a bit more mature than some of the newer areas, but that gives it a certain charm and established character.

• Median Home Value: $491,934
• What Makes it a Good Investment:
  • Unique Lifestyle: The lake is a major draw for many and adds a touch of serenity to life here. It attracts a good mix of families and professionals.
  • Established Community: The Lakes has a long history, so it's filled with mature trees and well-kept properties. That gives it a different feel from some of the new builds in other areas.
  • Good Rental Potential: The unique lifestyle appeals to both renters and buyers, ensuring a steady flow of tenants and future potential for resale.
  • Convenient Location: It's close to major highways and has easy access to shopping and dining.
• My Thoughts: I really like The Lakes as an investment option because it has a unique selling point with its lake. The area has a stable, established feeling and the housing options are pretty varied. The area will always attract people looking for something a bit different than the typical Las Vegas experience, so you can expect consistent demand for properties here. It has a character that is hard to find in the newer neighborhoods.

Centennial Hills: A Growing Suburb

Centennial Hills is an up-and-coming suburb in the northwest part of Las Vegas. It offers a good mix of affordability and amenities, making it attractive to a wide range of buyers and renters.

• Median Home Value: $447,640
• What Makes it a Good Investment:
  • Affordability: Compared to Summerlin and The Lakes, Centennial Hills offers a more accessible entry point for investors, and for first time home buyers.
  • Rapid Growth: This area has been growing quickly, with new developments and businesses appearing all the time. I see a ton of potential for future value appreciation here.
  • Family-Friendly: There are lots of parks, schools, and family-oriented activities in this area, making it popular with families. That demographic can be a great target for your rental properties.
  • Good Commute: It's well-connected to the rest of Las Vegas, making it convenient for work and leisure.
• My Thoughts: I am particularly drawn to Centennial Hills because of its growth potential and affordability. I’ve seen this area transform over the last few years and I think it is a very promising spot for investors who want in at a slightly lower price point. This is a community that I think you'll see grow even more in the next 5 to 10 years, so getting in now could be a good idea.

Other Neighborhoods Worth Considering

While the above three are my top picks, there are a few other neighborhoods in Las Vegas that are worth a look, especially if you are exploring different price ranges:

• Desert Shores: This lakeside community offers stunning views and a resort-like feel with a median home value of $463,592. I’d say it's similar to the Lakes, but with a slightly more relaxed vibe.
• Lone Mountain: Known for its beautiful desert landscapes, Lone Mountain offers a blend of suburban living and outdoor recreation. The median home value here is $446,158. A good choice for people who like hiking and nature.
• Angel Park Lindell: This established area offers a good mix of housing options, and at a median price of $365,503, it's one of the more affordable options on this list. I think this is a great area for those who are a little more budget-conscious.
• Pioneer Park: A slightly cheaper area, with a median home value of $336,479, it can be a decent choice if you are looking for a bargain. Keep in mind though that you may need to do some renovations to make it rentable.
• Queensridge: Located near Summerlin, this luxurious area has a median home value of $1,003,197. I am listing this one for those with extremely high budgets.

Here is a summary table that I created to make comparisons easy:

Neighborhood	Median Home Value (ZHVI)	Key Features
Summerlin North	$628,863	Upscale, top-rated schools, master-planned community, strong amenities, high demand.
Sun City Summerlin	$459,005	Active adult living, golf courses, community activities.
The Lakes	$491,934	Waterfront community, established neighborhood, unique lifestyle, convenient location.
Centennial Hills	$447,640	Growing suburb, affordable entry point, family-friendly, good commute, lots of new construction.
Desert Shores	$463,592	Lakeside community, resort-like feel, stunning views.
Lone Mountain	$446,158	Desert landscapes, outdoor recreation, suburban living.
Angel Park Lindell	$365,503	Good mix of housing options, more affordable.
Pioneer Park	$336,479	More affordable, can require renovations.
Queensridge	$1,003,197	Luxurious community, high end location.

Tips for Investing in Las Vegas Real Estate

Before you make any decisions, here are a few tips that I've learned from my own experiences:

• Do Your Research: Don't just rely on my advice (or anyone else's for that matter). Investigate the different neighborhoods, understand the local market, and know what you want.
• Get Pre-Approved: Before you even start looking at properties, make sure you are pre-approved for a mortgage. This shows sellers that you are a serious buyer.
• Work with a Local Agent: Find a real estate agent who knows the Las Vegas market well. They can provide valuable insights and guide you through the process.
• Consider Your Investment Goals: Are you looking for cash flow or long-term appreciation? Your investment goals will influence the type of property and location you choose.
• Be Patient: Finding the right property takes time and patience. Don't rush into anything, and be prepared to walk away if something doesn't feel right.
• Due Diligence: As always, make sure to do a thorough home inspection of the house before you commit.

My Final Thoughts

The Las Vegas real estate market has a lot of potential for investors. While I’ve listed my personal choices and recommendations above, it's essential to do your own research, consider your own investment goals and explore the many areas of this great city. Whether you’re looking for upscale properties in Summerlin, lakefront living in The Lakes, or a growing community in Centennial Hills, there is something for everyone. With the right strategy and patience, you can definitely find good opportunities in the Las Vegas housing market in 2025.