Which Zip Codes Have the Highest Household Income Growth in the Last Decade Around Las Vegas?

Overview

If you're a real estate investor or agent in Las Vegas, NV, understanding where household incomes are growing fastest can point you to promising markets for investment or client opportunities. This analysis dives into median household income trends across ZIP codes within a 10-mile radius of 89101, identifying areas with the strongest growth over a decade. Using reliable demographic data, we’ve ranked the top performers to help you make informed decisions.

Methodology Behind the Numbers

We analyzed median household income data from 2013 to 2023, the longest consistent 10-year window available for most ZIP codes in this dataset. The Compound Annual Growth Rate (CAGR) was calculated to measure the average yearly growth, giving a clear picture of sustained income increases. This method smooths out year-to-year fluctuations and focuses on long-term trends, which are more relevant for real estate returns and planning. ZIP codes with missing data for either year were excluded to ensure accuracy.

Key Findings on Income Growth

ZIP code 89101 stands out with the highest income growth rate over the decade, showing a remarkable CAGR of 5.61%. This central Las Vegas area has seen median household income rise significantly, signaling potential for increased purchasing power and demand for housing. Close behind, 89030 also demonstrates strong growth at 4.42%, suggesting it’s another area to watch for demographic shifts that could boost real estate value.

High-ranking ZIP codes like 89131 and 89156 also show impressive growth rates above 3.5%, reflecting robust economic improvement in these communities. Areas such as 89011 and 89146 follow closely, each with growth rates around 3.35%, indicating steady upward trends in household earnings. These ZIP codes may represent untapped opportunities for investors seeking markets with rising affluence.

What’s clear across the top performers is that income growth isn’t confined to one part of Las Vegas—diverse areas are showing strength. This variety offers options whether you’re focused on urban centers or suburban expansions. Full profiles for all analyzed ZIP codes are linked below the article for deeper exploration.

What This Means for You

• Investors: Target ZIP codes like 89101 and 89030 for potential rental demand or property appreciation as incomes rise, possibly outpacing current valuations.
• Agents: Highlight areas such as 89131 and 89156 to clients looking for up-and-coming neighborhoods with growing economic stability.
• Homeowners: If you’re in a high-growth ZIP like 89011, your area’s increasing affluence could boost your property’s long-term value—consider this in future sale plans.

Recreate This Analysis with ZipcodeGPT

Want to explore income growth or other ZIP code insights for any city or topic? With ZipcodeGPT, our interactive SaaS platform, you can run custom analyses tailored to your needs. Follow these simple steps:

1. Select multiple ZIP codes for any city or region directly on the platform.
2. Open the AI chatbot within ZipcodeGPT and ask specific questions about the selected ZIPs, like income trends or housing data.
3. Review the generated insights instantly, and dive deeper with interactive maps and detailed profiles.

Continue Your Research

Curious about other Las Vegas ZIP codes or different metrics like home values or population trends? ZipcodeGPT makes it easy to uncover the data that matters to you. Whether you’re scouting for real estate returns or seeking demographic insights, our platform delivers actionable answers. Check out the full ZIP code profiles linked below and start exploring today!