89815, Spring Creek, NV

The Spring Creek zip code in Clark County, Nevada has a population of just over 10,000 people. The median household income is $72,000 and the median home value is $269,500. The 89815 zip code has a homeownership rate of 69% and an average commute time of 26 minutes.

The Spring Creek area has seen strong growth in recent years. In 2015, the population increased by 2.5% and the housing market showed similar strength with an increase of 5%. This growth can be attributed to a number of factors including increasing wages and job opportunities, low interest rates, and limited supply in the area.

One important factor to consider when purchasing a home is your equity. Equity is the difference between what you owe on your home and its current market value. It's important to have as much equity as possible so that you can withstand any financial setbacks without having to sell your home at a loss or take on additional debt.

According to Zillow's Home Value Index (HVI), homes in the Spring Creek area have experienced moderate growth over the past year (+2%). This indicates that there are still opportunities for buyers who are looking for affordable housing within close proximity to major metropolitan areas such as Las Vegas and Reno.

While there may be some challenges ahead due to potential economic downturns or rising interest rates, it's important for buyers in this area to stay vigilant about their finances so they can continue enjoying strong home values while they can!