Las Vegas

As of May 2026, Las Vegas has 10,500 active Airbnb and VRBO listings. This represents a 9% decrease from the previous year.

The average Airbnb or VRBO in Las Vegas generates $48K per year. High-performing properties earn $124K/year, while low-performing properties earn $23K/year. This massive variance suggests that market saturation is not uniform, as top-tier assets capture significantly higher demand despite stable overall supply levels.

Average home prices in Las Vegas vary by property size: 1-bedroom properties cost approximately $196K, 2-bedroom homes average $292K, 3-bedroom properties are around $408K, and 4+ bedroom homes average $500K. These prices reflect median home values across the Las Vegas area.

Airbnb and VRBO can be profitable in Las Vegas, with an average gross yield of 11% across all properties. High-performing properties achieve yields up to 28%, which is considered top for short-term rental investment. Such a spread highlights a bifurcated landscape where elite properties capitalize on yield opportunities that the broader market misses.

The average occupancy rate for Airbnbs and VRBOs in Las Vegas is 35%. This occupancy level, combined with an average nightly rate of $314, results in a RevPAR (revenue per available room) of $97 per day.

4+ bedroom properties demonstrate the strongest performance in Las Vegas, with an average gross yield of 17% and annual revenue of $86K. These properties balance purchase price ($500K), operating costs, and rental demand most effectively in the Las Vegas market.

Short-term rental regulations vary by jurisdiction in the Las Vegas area. Las Vegas: Moderate. Business license required, short-term rental license needed, occupancy limits based on property size. Clark County requires separate permit outside city limits. No owner-occupancy requirement. Some neighborhood density restrictions apply. Enforcement is moderate - city responds to complaints and conducts periodic audits, but many unlicensed operators exist. Fines issued for violations but not systematically pursued. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Las Vegas Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 9% year-over-year, while RevPAR has decreased 1%. This indicates balanced supply-demand dynamics. The contraction in supply appears to be neutralizing the slight dip in revenue, preventing a more pronounced downturn in market health.

Launch around December, 2-3 months before peak fall season (March peaks). This pre-peak timing lets you build reviews when competition is 9% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (July-June) when gaining traction is harder.

The most common amenities in Las Vegas listings include: Air Conditioning (99%), Kitchen (94%), Tv (82%), Heating (70%), Washing Machine (70%). Amenities that boost revenue the most include Pool, Hot Tub, Bbq, with Pool properties earning approximately 40% more ($73K/year vs $52K/year).

Monthly estimated revenue per listing in Las Vegas over the last 12 months: May: $3K, June: $2K, July: $2K, August: $2K, September: $3K, October: $3K, November: $3K, December: $3K, January: $3K, February: $2K, March: $4K, April: $4K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Las Vegas is $314, up 13% year-over-year. By property size: 1-bedroom properties average $198/night, 2-bedroom properties average $298/night, 3-bedroom properties average $307/night, 4+ bedroom properties average $507/night. Rates peak in November and are lowest in June.

Guests in Las Vegas book an average of 32 days in advance, down 13% from last year. By property size: 1-bedroom: 28 days, 2-bedroom: 31 days, 3-bedroom: 34 days, 4+ bedroom: 37 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Las Vegas Airbnb and VRBO market has seen the following changes: supply declined 9%, revenue per listing decreased 1%, occupancy fell 8%, average nightly rates increased 13%, and lead time decreased 13%. These figures reveal a shift toward shorter booking windows and higher pricing power, even as overall occupancy faces downward pressure.

In Las Vegas, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Friday and are lowest on Tuesday. Weekends show 50% higher occupancy than weekdays.