The story of this market
The typical home in ZIP 89118 sells for about $330,000, or $250 per square foot.
Prices are up +6.8% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,620 a month.
ZIP 89118 — Las Vegas
The 89118 housing market shows signs of stabilization with a median sale price of $330,000 and a year-over-year increase of 6.8%. While inventory remains tight, the market is characterized by a mix of entry-level condos and single-family homes, driven by its strategic location near the Las Vegas employment core.
This ZIP is well-suited for commuters and investors looking for accessible entry-level pricing near the Las Vegas employment core, though it requires careful due diligence regarding property condition.
Median prices moved up 6.8% year over year.
Homes spend a median of 58 days on market with 11.7 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.7% · poverty 11.1% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 89118, Clark County NV
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools serving the area are part of the Clark County School District, which faces ongoing challenges with performance metrics and resource allocation typical of the broader Las Vegas metro area.
The area is subject to extreme heat and arid climate conditions, with standard insurance requirements for desert environments; flood risk is generally low but localized drainage issues can occur.
Economic momentum is driven by proximity to the Las Vegas Strip and major logistics hubs, with ongoing redevelopment of older commercial and residential parcels.
Property taxes are administered by Clark County based on assessed values; Nevada has no state income tax, which influences the overall tax burden for residents.
Residents benefit from proximity to the I-15 and I-215 corridors, providing relatively efficient access to the Las Vegas employment core and the resort corridor.
The area features access to local community parks and is within a short drive of major shopping centers, dining districts, and golf courses in the Spring Valley and Las Vegas regions.
The rental market shows steady demand with a median rent of $1,600; vacancy rates are noted as elevated in some segments, suggesting a competitive environment for landlords.
The economy is heavily anchored by the tourism, hospitality, and gaming industries of the Las Vegas Strip, supported by a growing logistics and distribution sector.
The area is served by major highway corridors including I-15 and I-215, facilitating regional transit, while local bus services are provided by the RTC of Southern Nevada.
Development activity is focused on infill projects and the modernization of existing commercial and residential infrastructure.
The Clark County Assessor manages property valuations, with assessments typically reflecting market value trends adjusted for state-mandated caps.
Parcels are subject to Clark County property taxes and Clark County School District levies, with potential for specific utility or improvement district assessments.
Property insurance premiums are influenced by regional wildfire and desert-climate risks, with market health generally stable but sensitive to national reinsurance trends.
Data retrieved from census.gov and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- AREA154.44.2 mi
- Meow Wolf Las Vegas' Omega Mart4.44.3 mi
- Pinball Hall of Fame4.53 mi
- Discovery Children's Museum4.77.3 mi
- Speed Vegas4.810.4 mi
- Sphere4.54.5 mi
- Fremont Street Experience4.67.7 mi
- SAHARA Las Vegas4.15.7 mi
- Allegiant Stadium4.62.4 mi
- Westgate Las Vegas Resort & Casino45.5 mi
- Sphere4.54.5 mi
- Caesars Palace4.53.7 mi
- Fremont Street Experience4.67.7 mi
- Paris Las Vegas4.33.7 mi
- Flamingo Las Vegas43.9 mi
- AREA154.44.2 mi
- Arte Museum Las Vegas4.73.4 mi
- Gold & Silver Pawn Shop4.47.1 mi
- Meow Wolf Las Vegas' Omega Mart4.44.3 mi
- The Mob Museum4.77.9 mi
- Red Rock Canyon Visitor Center4.812 mi
- Bellagio Conservatory & Botanical Gardens4.83.4 mi
- Sunset Park4.66.4 mi
- Craig Ranch Regional Park4.612 mi
- Springs Preserve4.76.4 mi
- The Village at Lake Las Vegas4.516.5 mi
- Topgolf Las Vegas4.53.8 mi
- Atomic Golf4.66.1 mi
- Angel Park Golf Club4.47.2 mi
- The Revere Golf Club4.411.1 mi
- Las Vegas National Golf Course4.26.5 mi
- Fremont Street Experience4.67.7 mi
- Wynn Las Vegas4.74.7 mi
- Las Vegas North Premium Outlets4.46.8 mi
- Fashion Show Las Vegas4.54.4 mi
- Las Vegas South Premium Outlets4.43.6 mi
- Harry Reid International Airport4.24.3 mi
- North Las Vegas Airport4.59 mi
- The Club LAS Terminal 345.1 mi
- 5 Star Helicopter Tours4.63.3 mi
- Skyline Helicopter Tours4.68.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local green space and recreational facilities for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.