ZIP 89106 - 860Z200US89106 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 89106 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in the Las Vegas area, this ZIP code offers a unique blend of diversity and opportunity. With a population of over 26,000 and a median household income of $38,848, ZIP 89106 presents a dynamic community with distinct characteristics. This article breaks down the latest 2023 data to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 89106 is home to 26,440 residents, making it a moderately sized community within the Las Vegas metro area. These individuals are distributed across 9,787 households, reflecting a mix of family and individual living arrangements. With 10,906 total housing units in the area, there’s a noticeable gap between available units and occupied households, which could indicate potential vacancies or opportunities for growth. For investors and business owners, this population density suggests a solid customer base or tenant pool, while homebuyers can gauge the scale of their potential neighborhood.

Income & Housing Costs

The median household income in ZIP 89106 stands at $38,848, which is below the national average but reflective of the economic diversity in parts of the Las Vegas region. Housing costs, however, tell a different story. The median home value is $263,100, offering a relatively accessible entry point for buyers compared to higher-priced areas nearby. For renters, the median monthly rent is $1,169, which aligns with the income levels and suggests a balanced rental market. These figures are critical for investors assessing affordability and return potential, as well as for small businesses evaluating local purchasing power.

Race & Ethnicity

ZIP 89106 boasts a richly diverse population, with a racial and ethnic composition that reflects a vibrant cultural tapestry. Hispanic residents make up the largest group at 45.23%, followed by Black residents at 31.57%. White residents account for 14.33% of the population, while Asian residents comprise 3.39%. This diversity can be a significant draw for businesses looking to cater to varied customer needs or for families seeking a multicultural community. Understanding this breakdown helps stakeholders anticipate cultural preferences, language needs, and community dynamics.

Key Facts

• Total population: 26,440 residents in ZIP 89106 as of 2023.
• Total households: 9,787, indicating a mix of family and solo living.
• Total housing units: 10,906, with some potential vacancies or underutilized properties.
• Median household income: $38,848, reflecting local economic conditions.
• Median home value: $263,100, a competitive price point for the region.
• Median rent: $1,169 per month, aligning with income levels.
• Diverse demographics: 45.23% Hispanic, 31.57% Black, 14.33% White, 3.39% Asian.

What This Means for You

For homebuyers, ZIP 89106 offers an affordable entry into homeownership with a median home value of $263,100, ideal for first-time buyers or those looking to downsize. The diverse community also means a welcoming environment with varied cultural influences. Real estate investors and agents should note the gap between housing units and households, which could signal opportunities for rental properties or fixer-uppers in a market with reasonable rent levels at $1,169 monthly. The population size and diversity suggest steady demand for housing. Small-business owners can leverage the area’s 26,440 residents and cultural mix to tailor products or services—think ethnic foods, multilingual services, or community-focused offerings. Finally, analysts can use this data to benchmark ZIP 89106 against neighboring areas for deeper market studies, focusing on income and housing trends.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 89106? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make smarter decisions for buying, investing, or launching a business in any area.