Las Vegas owners defer the federal gain (Nevada has no income tax) and exchange into passive, managed real estate.
The typical Las Vegas home is worth about $436,000 (+2.7% over the past year, per Zillow's home value index). For owners of appreciated Las Vegas investment property, a sale can trigger a large tax bill — which a 1031 exchange into a Delaware Statutory Trust can defer while moving you out of active management.
Las Vegas market snapshot
Home value & YoY: Zillow Home Value Index, 2026. Cap-rate range approximate — verify for your asset and submarket.
The tax on a Las Vegas sale
Nevada has no state income tax, so a Las Vegas sale is taxed only federally — 20% long-term capital gains plus the 3.8% net investment income tax, about 23.8% of the gain. A 1031 exchange into a DST defers all of it.
See the full Nevada 1031 rules, tax math, and state-specific reporting →
Baker 1031 near Las Vegas
Realized programs on Las Vegas-area property. Sponsor-reported, net-to-investor, not independently verified; past performance ≠ future results.
| Program | Sponsor | Avg annual | Equity × | Hold |
|---|---|---|---|---|
| Fashion Outlet Center | Syndicated Equities | -38.42% | 0.19x | 3.43 yr |
| United Healthcare Portfolio | Syndicated Equities | 7.05% | 1.48x | 5.75 yr |
| Griffin Capital (South Beach - Vegas) DST | Griffin Capital | 23.28% | 1.73x | 3.25 yr |
| Element | Bluerock | 48.93% | 3.25x | 3.33 yr |
| The Sanctuary | Bluerock | 44.41% | 3.01x | 3.25 yr |
Las Vegas FAQ
What's the typical home value in Las Vegas?
The typical Las Vegas home value is about $436,000 (+2.7% year-over-year, per Zillow's home value index, 2026). Owners of appreciated Las Vegas rental or investment property often use a 1031 exchange into a DST to defer tax and move to passive ownership.
Do Las Vegas sellers owe state tax on a gain?
No. Nevada has no state income tax, so a Las Vegas property sale is taxed only federally — up to 23.8% on the gain — which a 1031 exchange can defer.
Does a DST have to be located in Las Vegas?
No. A DST doesn't have to hold Las Vegas (or even Nevada) property — you can exchange your Las Vegas sale proceeds into vetted DST offerings anywhere in the country. We match the replacement to your goals, not your ZIP code.
Disclosures
This page is educational and is not investment, tax, or legal advice, or an offer to sell or a solicitation to buy any security. Home-value data is from Zillow's home value index (2026) and cap-rate ranges are approximate — verify current figures. State tax rules are summarized; confirm with your CPA and attorney. For accredited investors only. Representatives may transact business only in states where registered or exempt. Securities offered through Aurora Securities, Inc., member FINRA/SIPC; Baker 1031 Investments, LLC is independent of Aurora. Past performance does not guarantee future results.