89007, Bunkerville, NV

The 89007 zip code of Bunkerville, NV is located in the southeastern corner of Clark County and includes the communities of Bunkerville, Battle Mountain, and Wells. The population of this zip code was 17,527 as of the 2010 census. Home values in this zip code have increased significantly over the past several years and are now among the highest in Clark County.

According to Zillow, home values in this zip code increased by an average of 34% from 2009 to 2013. This rate of growth was much higher than the national average during that time period (Zillow). In 2013 alone, home values in this zip code grew by an additional 16%. The majority of these increases can be attributed to strong demand for housing within this area due to a large number of jobs located nearby (Zillow).

One reason for the high demand for housing within this area is that it is close to many major employers, including Tesla Motors (Tesla), Lockheed Martin (Lockheed Martin), and Northrop Grumman (Northrop Grumman). Additionally, there are a number of schools located within close proximity to this zip code which contribute to its popularity among families. For example, Battle Mountain Elementary School has a student body that consists almost entirely of children from outside Clark County (Battle Mountain School District). This concentration of population near schools may help explain why home values have been so high in this area.

Despite these positive factors, there are some challenges facing residents living in this zip code. One issue is that there is limited availability of affordable housing options within the area. According to Zillow’s analysis, only 4%of homes available for sale in this zip code were priced at or below $200K as of September 2014. Additionally, while incomes have been increasing rapidly throughout Clark County over recent years, wages tend not to be as high relative to prices paid for homes here (Zillow). These factors may contribute towards higher levelsof debt burdens among residents here compared with other areas within Clark County.

Overall though, home values have continued to increase rapidly in Bunkerville over recent years and are now among the highest in Clark County. This trend likely will continue given the strong demand for housing within this area and increasing incomes relativeto prices paid for homes here