ZIP 89123 - 860Z200US89123 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 89123, located in the Las Vegas area of Nevada, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights provide a foundation for understanding the opportunities and challenges in this vibrant area.

Population & Households

ZIP 89123 is home to a substantial population of 57,693 residents, making it a bustling and active community. This area supports 23,012 households, reflecting a strong residential base. With 25,246 total housing units, there’s a mix of occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market. The difference between households and housing units suggests some availability, though demand and local trends will influence how quickly these units turn over.

Income & Housing Costs

The median household income in ZIP 89123 stands at $80,992, indicating a relatively solid economic foundation for many residents. This income level supports a comfortable lifestyle in the context of local costs, though housing expenses are a significant factor. The median house value here is $424,900, reflecting a competitive real estate market that aligns with the broader Las Vegas metro trends. For renters, the median rent is $1,641 per month, which is notable but manageable for households earning near or above the median income. These figures suggest that while homeownership is achievable for some, renting remains a viable option for others in this community.

Race & Ethnicity

ZIP 89123 boasts a diverse population, which adds to the cultural richness of the area. The racial composition breaks down as follows: 43.79% White, 6.99% Black, 17.74% Asian, and 23.06% Hispanic. This diversity creates a dynamic community environment, appealing to those who value multicultural interactions. For businesses, this mix offers a broad customer base with varied needs and preferences, while homebuyers may appreciate the inclusive atmosphere when choosing a neighborhood to call home.

Key Facts

• Total population: 57,693 residents, indicating a sizable community with active local engagement.
• Total households: 23,012, showing a strong residential presence in ZIP 89123.
• Total housing units: 25,246, with some potential availability for new occupants or investors.
• Median household income: $80,992, supporting a stable economic base for many families.
• Median house value: $424,900, reflecting a competitive yet accessible real estate market.
• Median rent: $1,641, a significant but manageable cost for renters in the area.
• Diverse demographics: 43.79% White, 17.74% Asian, 23.06% Hispanic, and 6.99% Black, fostering a vibrant community.

What This Means for You

For homebuyers, ZIP 89123 offers a competitive housing market with a median home value of $424,900, which may suit those with incomes near or above the area’s median of $80,992. The diversity and population size suggest a lively neighborhood with access to varied amenities and social connections. Investors and real estate agents should note the gap between housing units and households, which could indicate opportunities for flipping properties or filling vacancies, though local demand and market trends will be key to success. Small-business owners can leverage the diverse demographic makeup to tailor products or services to a wide audience, while the solid income levels suggest reasonable purchasing power among residents. Analysts will find this data useful for tracking growth patterns or comparing ZIP 89123 to neighboring areas for broader market insights.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 89123? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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• Use the insights to inform your homebuying, investment, or business decisions with confidence.