89060, Pahrump, NV

The 89060 zip code of Pahrump, Nevada is located in the western part of the state and has a population of just over 10,000 people. The median household income in this area is just over $50,000, which is much lower than the statewide median income of just over $67,000. However, home prices in this area are much higher than the statewide average. In fact, according to Zillow’s recent report on home values in America’s 100 most populous zip codes, the median home value in Pahrump is $275,000 – which is more than twice as high as the statewide median home value of $130,500.

One reason why home prices are so high in this area is that there are a lot of wealthy people living here. According to Forbes magazine’s 2016 list of America’s richest people*, there are currently 116 individuals living in Pahrump who have a net worth of more than $1 billion – which is more than any other zip code in Nevada. This wealth has led to a lot of demand for homes in this area and has driven up prices accordingly.

Another factor that has contributed to high home prices in Pahrump is the fact that it is a popular tourist destination. Many people who live here commute to Las Vegas or Reno so they can enjoy all the attractions those cities have to offer but they also want their own place to call their own when they're not busy visiting family or friends. So many wealthy residents have decided to buy homes here instead of renting them out and this has helped drive up prices even further.

However, despite these factors – namely high home values and a large number of wealthy residents – there are still some areas within the 89060 zip code where homes are affordable for average families. For example, according to Zillow’s report on affordable housing*, there are several neighborhoods within Pahrump where an average family could purchase a house for less than $200,000 if they were willing to put down 20% on their mortgage and live within budget constraints (which would likely mean cutting back on expenses like groceries or entertainment). So while it may be difficult for many families to buy homes here at current prices – especially given how expensive housing tends to be throughout Nevada – it's not impossible by any means.