89108, Las Vegas, NV

Las Vegas is a city known for its casinos and entertainment. However, the city's economy is also based on real estate. Home equity and home prices are two important indicators of the health of the Las Vegas real estate market.

According to Zillow, the median home value in the 89108 zip code is $219,900. This makes it one of the more affordable zip codes in Las Vegas. The average home value in this area is $269,000. The median household income in this zip code is $93,500, which is lower than the national average but higher than most other areas of Las Vegas.

The number of homes sold in this zip code has been increasing over the past few years. In 2016, there were 33 homes sold compared to 20 sales in 2015 and only 10 sales in 2014. This indicates that there are more buyers interested in purchasing homes in this area than there are available properties for sale.

One reason why home values have been increasing may be due to low interest rates and an improving economy overall. Another factor could be that many people who live in this area commute to work elsewhere so they are not as impacted by job losses or economic downturns as those who live closer to downtown Las Vegas or on The Strip where most of the casino resorts are located.