89022, Manhattan, NV

The 89022 zip code of Manhattan, NV has a median home value of $1,000,000. This is higher than the national median home value of $177,500. The 89022 zip code also has a higher than average percentage of homes with a mortgage at 97%. This is likely due to the high demand for housing in this area and the availability of financing options.

There are many factors that contribute to the high home values in the 89022 zip code. One factor is that Manhattan is one of the most desirable places to live in America. The city has a rich history and culture, and there are many amenities available nearby, such as shopping malls and restaurants. Additionally, there is a large pool of skilled workers available in Manhattan, which contributes to its high demand for housing.

Despite these factors contributing to high home values in the 89022 zip code, there are some risks associated with buying or owning a home here. For example, if interest rates rise significantly from their current levels or if the economy takes a downturn later on in this decade, then prices could decline significantly. Additionally, although Manhattan has an excellent school system and plenty of job opportunities available, it can be difficult to find affordable housing if you do not have good credit ratings or if you want to live outside of central Manhattan.