89047, Silverpeak, NV

The 89047 zip code of Silverpeak, Nevada is located in the Las Vegas metropolitan area and has a population of about 10,000. The median home value in this zip code is $269,900 and the median home equity value is $166,500.

Home prices in the 89047 zip code have increased significantly over the past few years. In January of 2016, the median home value was $236,100 and by December of 2017 it had increased to $269,900. This represents an increase of over 20%.

One reason for this increase in home values may be due to increasing demand from buyers and investors. There are many people who want to live in close proximity to major attractions such as casinos and shopping malls. Additionally, there are many people who are looking for safe neighborhoods with good schools. Silverpeak is a good example of a safe neighborhood with excellent schools.

Another reason for the increase in home values may be due to low interest rates. The Federal Reserve has been raising interest rates which has made it more expensive for people to borrow money to buy homes. As a result, more people are able to purchase homes at higher prices because they do not have to pay as much interest on their loans.