ZIP 89118 - 860Z200US89118 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 89118 in Las Vegas, Nevada, for your next home purchase, real estate investment, or business venture, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and cultural diversity in this area. Whether you’re a homebuyer, investor, small-business owner, or analyst, these insights can help you make informed decisions about opportunities in 89118.

Population & Households

ZIP code 89118 is home to a population of 23,299 residents as of 2023. This community supports 9,337 households, reflecting a mix of family and individual living arrangements. With 10,345 total housing units in the area, there’s a noticeable presence of both occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market. The ratio of households to population suggests an average household size of roughly 2.5 people, indicating a balanced mix of smaller and larger households in this region.

Income & Housing Costs

The median household income in ZIP 89118 stands at $67,384, positioning it as a moderately affluent area within the Las Vegas metro. This income level supports a housing market where the median house value is $391,800, reflecting a robust real estate environment. For renters, the median monthly rent is $1,501, which aligns with the income levels and suggests that renting remains a viable option for many residents. These figures indicate that 89118 offers a blend of affordability and value, appealing to a range of budgets for both buying and renting.

Race & Ethnicity

ZIP 89118 boasts a diverse cultural makeup, which adds to its vibrancy and appeal for residents and businesses alike. The racial composition in 2023 breaks down as follows: 35.21% White, 20.23% Black, 20.15% Asian, and 19.25% Hispanic. This near-even distribution across major demographic groups creates a multicultural environment, which can be a draw for families seeking inclusive communities or businesses aiming to serve a varied customer base. The diversity here reflects broader trends in urban areas like Las Vegas, offering a rich tapestry of perspectives and opportunities.

Key Facts

• Total population in ZIP 89118: 23,299 residents as of 2023.
• Total households: 9,337, supporting a community of varied living arrangements.
• Total housing units: 10,345, with potential availability for new occupants or investors.
• Median household income: $67,384, indicating moderate economic stability.
• Median house value: $391,800, reflecting a strong real estate market.
• Median rent: $1,501 per month, offering rental options for diverse budgets.
• Racial diversity: White (35.21%), Black (20.23%), Asian (20.15%), Hispanic (19.25%).

What This Means for You

For homebuyers, ZIP 89118 offers a solid mix of housing options with a median value of $391,800, which could represent a worthwhile investment given the area’s income stability and growth potential in Las Vegas. The diversity of the population also suggests a welcoming community for families of varied backgrounds. Investors and real estate agents will note the presence of over 10,000 housing units, with some likely vacant, presenting opportunities for flips, rentals, or long-term holds, especially with a median rent of $1,501 that supports steady cash flow. Small-business owners can leverage the multicultural demographic to tailor products or services to a broad audience, while the median income of $67,384 indicates reasonable purchasing power among residents. Analysts can use these metrics to benchmark 89118 against other ZIP codes in the region, identifying trends in housing demand or demographic shifts.

Run This Study Yourself

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