89115, Las Vegas, NV

Las Vegas is a city that has seen its share of ups and downs in terms of its economy, but one thing that has always remained consistent is the high demand for housing. This demand has led to a rise in home equity and home prices in the 89115 zip code.

According to Zillow, the median home value in this zip code is $269,000, which is significantly higher than the national median home value of $177,500. Additionally, Zillow reports that the average home equity loan-to-value ratio (LTV) in this zip code is 97%, which indicates that most homeowners have a considerable amount of equity in their homes. This high level of equity may be attributable to several factors, including low interest rates and Las Vegas' status as a popular tourist destination.

Despite these positive trends, there are also some risks associated with buying or owning a home in this zip code. For example, if interest rates increase or if the market crashes, homeowners could experience significant financial losses. Additionally, Las Vegas has been known to experience rapid price appreciation – meaning that homes can quickly become worth more than what was originally paid for them. As such, it's important for buyers to do their research and understand all of the risks involved before making an investment decision.