ZIP 89031 - 860Z200US89031 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 89031, located in the North Las Vegas area of Nevada, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a sizable population, diverse cultural makeup, and robust housing metrics, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key data to help you make informed decisions about living or working in 89031.

Population & Households

ZIP 89031 is home to a thriving community of 75,097 residents, making it a densely populated area with a vibrant local atmosphere. These residents are distributed across 23,895 households, reflecting a strong demand for housing and community services. Whether you’re a homebuyer looking for a lively neighborhood or a business owner seeking a substantial customer base, the population size in 89031 signals opportunity. Additionally, with 25,182 total housing units, there’s a mix of occupied and available properties to explore.

Income & Housing Costs

The median household income in ZIP 89031 stands at $85,801, indicating a relatively strong earning capacity among residents. This income level suggests that many households have the financial stability to support local businesses and invest in homeownership. On the housing front, the median home value is $373,500, which positions 89031 as a competitive yet accessible market for buyers and investors in the North Las Vegas region. For renters, the median rent is $1,831 per month, reflecting a significant cost that may influence decisions for those not ready to buy. These figures provide a solid foundation for understanding affordability and investment potential in this area.

Race & Ethnicity

ZIP 89031 boasts a diverse population, which enriches the cultural fabric of the community. The racial and ethnic composition includes 29.31% White, 20.42% Black, 7.83% Asian, and 33.16% Hispanic residents. This diversity creates a dynamic environment for businesses catering to varied tastes and for families seeking an inclusive place to call home. Understanding this mix can help investors and business owners tailor their strategies to meet the needs of a broad demographic spectrum in 89031.

Key Facts

• Total population: 75,097 residents, offering a large and active community.
• Total households: 23,895, indicating strong housing demand.
• Total housing units: 25,182, with a mix of occupied and available properties.
• Median household income: $85,801, reflecting solid earning potential.
• Median home value: $373,500, a competitive price point for the region.
• Median rent: $1,831, a notable cost for renters in the area.
• Diverse population: 33.16% Hispanic, 29.31% White, 20.42% Black, and 7.83% Asian.

What This Means for You

For homebuyers, ZIP 89031 offers a balance of affordability and community vibrancy. With a median home value of $373,500 and a median income of $85,801, purchasing a home here could be within reach for many families, especially those drawn to a diverse and populous neighborhood. Real estate investors and agents will find potential in the housing stock of 25,182 units, where both sales and rental opportunities (at a median rent of $1,831) can yield returns, given the area’s population of over 75,000. Small-business owners can leverage the cultural diversity and sizable customer base to offer products or services that resonate with varied demographics, from Hispanic to White, Black, and Asian communities. Finally, analysts can use these metrics to benchmark 89031 against other ZIP codes for market studies or investment forecasts. This data equips you with actionable insights to align your goals with the realities of this North Las Vegas community.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 89031? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make informed decisions for buying, investing, or launching a business in any area of interest.