Battle Mountain is home to the best residential real estate investment market in Nevada.
The 89820 zip code in Battle Mountain presents the greatest opportunity for the best real estate investments among the 1,016 individual real estate markets in Nevada we evaluated. We looked at property values, population trends, and six other metrics for each market. We used that data to calculate each market's InvestScore.
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Data sources
Most of the data in this article comes from the Zillow Home Value Index and the U.S. Census American Community Survey.
We update our data when the original sources update their data, usually monthly. Sometimes we'll update data more frequently.
Clever also performs regular quality checks to identify outdated data, broken data connections, and other data issues that may arise.
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5 best places to invest in Nevada
| Rank | City | InvestScore | Affordability | Property value appreciation |
|---|---|---|---|---|
| 1 | Battle Mountain | 100 | 3.3 | 24.79% |
| 2 | Winnemucca | 96.4 | 4.5 | 29.60% |
| 3 | Pahrump | 93.6 | 5.0 | 32.44% |
| 4 | Las Vegas | 89.3 | 4.2 | 24.61% |
| 5 | North Las Vegas | 85.1 | 4.7 | 24.80% |
🚨 This article is for informational purposes only. It isn't intended to convey financial or legal advice. We recommend you talk to a real estate agent or real estate attorney when buying a home in Nevada.
1. Battle Mountain
We've identified the 89820 zip code in Battle Mountain as Nevada's best real estate investment market. Here's why.
🔎 Key data about Battle Mountain (89820)
| Data point | Value | Rank in state (of 1,016 markets) |
|---|---|---|
| InvestScore | 100 | Highest |
| Typical property value | $292,505[1] | 6th lowest |
| Five-year appreciation | 24.79%[2] | 23rd highest |
| Household income | $89,014[3] | 36th highest |
| Affordability ratio | 3.3 | 2nd most affordable |
| Five-year population growth | -0.30%[4] | 69th highest |
| Unemployment rate | 4.66%[5] | 3rd lowest |
| Property taxes | $1,347[6] | 25th lowest |
| Educational attainment | 19.80%[7] | 60th highest |
Battle Mountain (zip code 89820) is the best residential real estate investment market in Nevada. It has the 23rd highest property value appreciation among markets we evaluated, with a 24.79% appreciation of the typical property over the last five years.
Battle Mountain is the 2nd most affordable market among the 1,016 Nevada markets we evaluated, with an affordability ratio of 3.3.
2. Winnemucca
The 89445 zip code in Winnemucca is the runner-up spot for the best real estate investments in Nevada.
🔎 Key data about Winnemucca (89445)
| Data point | Value | Rank in state (of 1,016 markets) |
|---|---|---|
| InvestScore | 96.4 | 2nd highest |
| Typical property value | $363,948[1] | 22nd lowest |
| Five-year appreciation | 29.60%[2] | 3rd highest |
| Household income | $81,545[3] | 48th highest |
| Affordability ratio | 4.5 | 9th most affordable |
| Five-year population growth | -0.20%[4] | 67th highest |
| Unemployment rate | 4.66%[5] | 3rd lowest |
| Property taxes | $1,349[6] | 26th lowest |
| Educational attainment | 17.50%[7] | 66th highest |
The 89445 zip code in Winnemucca features a typical property value of $363,948, the 22nd lowest in the state.
Property values have appreciated 29.60% over the past five years, the 3rd highest increase among evaluated markets in the state. Winnemucca homes have an affordability ratio of 4.5, the 9th most affordable in the state.
3. Pahrump
The 89061 zip code in Pahrump comes in at No. 3 in our ranking of the best residential real estate investment markets in Nevada.
🔎 Key data about Pahrump (89061)
| Data point | Value | Rank in state (of 1,016 markets) |
|---|---|---|
| InvestScore | 93.6 | 3rd highest |
| Typical property value | $388,156[1] | 30th lowest |
| Five-year appreciation | 32.44%[2] | highest |
| Household income | $77,991[3] | 51st highest |
| Affordability ratio | 5.0 | 27th most affordable |
| Five-year population growth | 3.91%[4] | 19th highest |
| Unemployment rate | 4.66%[5] | 3rd lowest |
| Property taxes | $1,791[6] | 40th lowest |
| Educational attainment | 14.90%[7] | 76th highest |
With a typical property value of $388,156, Pahrump's 89061 zip code features the 30th lowest property values in the state.
Pahrump homes have an affordability ratio of 5.0, the 27th most affordable among the markets we evaluated.
4. Las Vegas
The 89143 zip code in Las Vegas ranks No. 4 among Nevada's residential real estate investment markets.
🔎 Key data about Las Vegas (89143)
| Data point | Value | Rank in state (of 1,016 markets) |
|---|---|---|
| InvestScore | 89.3 | 4th highest |
| Typical property value | $473,438[1] | 61st lowest |
| Five-year appreciation | 24.61%[2] | 25th highest |
| Household income | $112,004[3] | 25th highest |
| Affordability ratio | 4.2 | 4th most affordable |
| Five-year population growth | 9.12%[4] | 3rd highest |
| Unemployment rate | 5.20%[5] | 4th lowest |
| Property taxes | $2,493[6] | 64th lowest |
| Educational attainment | 35.50%[7] | 27th highest |
Property values in Las Vegas's 89143 zip code have seen the 25th highest increase among evaluated markets in the state, with an appreciation of 24.61% over the past five years.
Las Vegas's affordability ratio of 4.2 makes it the 4th most affordable among the 1,016 markets we evaluated.
5. North Las Vegas
The 89031 zip code in North Las Vegas rounds out our top five residential real estate investment markets in Nevada.
🔎 Key data about North Las Vegas (89031)
| Data point | Value | Rank in state (of 1,016 markets) |
|---|---|---|
| InvestScore | 85.1 | 5th highest |
| Typical property value | $412,722[1] | 42nd lowest |
| Five-year appreciation | 24.80%[2] | 21st highest |
| Household income | $87,297[3] | 21st highest |
| Affordability ratio | 4.7 | 19th most affordable |
| Five-year population growth | 2.94%[4] | 26th highest |
| Unemployment rate | 5.20%[5] | 4th lowest |
| Property taxes | $1,789[6] | 39th lowest |
| Educational attainment | 19.40%[7] | 61st highest |
Property values in North Las Vegas's 89031 zip code rose 24.80% over the last five years, ranking the city 21st highest among evaluated markets in Nevada.
North Las Vegas homes have an affordability ratio of 4.7, the 19th most affordable among the markets we evaluated.
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Frequently asked questions
See our article Steps to Buying Your First Rental Property to learn the basics of real estate investing for beginners.
You'll learn the importance of setting goals, picking the right market, and more.
Cash investors often use what's called the 70% rule, which suggests they should pay around 70% of a house's after-repair value minus the cost of renovations.
By buying for about 70% of the after-repair value, they're positioning themselves to pay for repairs and other costs, and to lock in a profit.
The 70% rule isn’t a hard-and-fast formula, but a quick guideline investors use to evaluate potential deals.
Investing in residential real estate can be one of the best passive real estate investments in Nevada.
Residential real estate offers accessible passive income and the potential to compound your original investment.
Renting out residential units is the top way to invest in real estate. House hacking also offers a great opportunity for passive real estate investment income.
How we rank residential real estate markets in Nevada
To determine the best real estate investments in Nevada we evaluated 1,016 markets on eight metrics, and then assigned an InvestScore based on a proprietary weighting framework. Each market corresponds to a specific zip code in Nevada.
What is InvestScore?
InvestScore is a score on a scale of 0 (worst in state) to 100 (best in state) that estimates the residential real estate investment potential of a given market. It takes into account a suite of key data points for each city.
- Typical property value: This measures the typical home value in this zip code, according to the Zillow Home Value Index. It reflects the typical value for homes in the 35th to 65th percentile range, including all homes, with the numbers smoothed and seasonally adjusted. We prefer lower property values, which indicate both more room for growth and a greater ease of purchase.
- Property value appreciation: This measures how much property values have increased in the area over the past five years, according to the Zillow Home Value Index. We prefer a higher appreciation, as it indicates better returns on housing. However, past performance isn't indicative of future results.
- Median household income: This is the inflation-adjusted median household income in the zip code, according to U.S. Census American Community Survey data. We prefer a higher household income, as it indicates local residents have more income to spend on housing.
- Affordability ratio: This is the ratio of the typical home value to the median household income in the area. A lower ratio is better because it means more households can afford a home, which indicates higher demand.
- Population growth: This is how much the area's population has grown over the past five years, according to U.S. Census estimates. Higher is better, as it indicates residents are moving into the area at a rapid clip.
- Unemployment rate: This is the unemployment rate in the area, according to U.S. Census data. We prefer a lower rate, as it indicates the availability of steady employment in the area, meaning residents will find it much easier to afford homes.
- Property tax: This is the median real estate property tax paid in the area, according to U.S. Census estimates.
- Educational attainment: This is the percentage of residents in the area that have obtained a bachelor's degree or better, according to U.S. Census estimates. We prefer a higher rate because it indicates local residents who have higher earning potential and thus should be able to afford homes.
