ZIP 89115 - 860Z200US89115 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 89115 in Las Vegas, Nevada, as a place to live, invest, or start a business, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the area’s population, income levels, housing costs, and cultural diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about opportunities in this dynamic community.

Population & Households

ZIP 89115 is home to a substantial population of 66,773 residents, making it a bustling area with a significant community presence. This population is distributed across 19,635 households, reflecting a mix of family sizes and living arrangements. With 21,670 total housing units in the area, there’s a notable supply of homes, though not all are occupied, suggesting potential availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 89115 stands at $49,648, which offers a glimpse into the economic profile of the area. This income level suggests a working-class community where affordability is a key consideration for many residents. On the housing front, the median home value is $258,900, positioning this area as relatively accessible compared to higher-priced markets in the Las Vegas region. For renters, the median rent is $1,294 per month, which aligns with the income levels and reflects a rental market that caters to a broad range of budgets.

Race & Ethnicity

ZIP 89115 boasts a richly diverse population, with a racial and ethnic composition that highlights its multicultural fabric. The largest demographic group is Hispanic, making up 52.37% of the population, followed by Black residents at 20.68%, and White residents at 17.0%. Asian individuals account for 2.66% of the community. This diversity shapes the cultural landscape, influencing local businesses, schools, and community events, and offers a unique environment for those seeking a vibrant, inclusive place to live or work.

Key Facts

• Total population: 66,773 residents, indicating a sizable and active community.
• Total households: 19,635, reflecting a mix of family and individual living arrangements.
• Total housing units: 21,670, with some unoccupied units potentially available for purchase or rent.
• Median household income: $49,648, pointing to a working-class economic base.
• Median home value: $258,900, offering relative affordability in the Las Vegas area.
• Median rent: $1,294, aligning with local income levels for renters.
• Racial diversity: 52.37% Hispanic, 20.68% Black, 17.0% White, and 2.66% Asian, showcasing a multicultural community.

What This Means for You

For homebuyers, ZIP 89115 presents an opportunity to enter the housing market at a median value of $258,900, which is competitive for the region. The area’s diversity and population size suggest a lively community with access to local amenities, though buyers should consider income levels when assessing long-term affordability. Real estate investors and agents can note the presence of unoccupied housing units among the 21,670 total, which may indicate potential for rental properties or flips, especially given the median rent of $1,294. Small-business owners will find a diverse customer base of over 66,000 residents, with cultural nuances that could shape marketing strategies or product offerings—think bilingual services or culturally relevant goods. Analysts can use this data to track trends in income, housing costs, and demographic shifts, providing valuable insights for broader market studies in the Las Vegas area.

Run This Study Yourself

• Want to dive deeper into ZIP 89115 or explore another area? Start by visiting ZipcodeGPT for a user-friendly platform to analyze demographic and housing data.
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• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business venture.