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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −19.1% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +5.7% YoY, is the number to watch.
The median listing price is down 19.1% YoY while the median home got down 0.2% bigger, so value per square foot is down 16.0%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $930K purchase rents for $2,750/mo: 0.30% of price per month against the 1% rule's 1.00%.
Rentals here take about 9 days longer to find a tenant than sales take to go under contract.
Not shown: Condo (sold here, not rented), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 89124 itself, not its parent county.
Renters hold 6.0% of this ZIP's 282 occupied households, on a median household income of $118K.
| Measure | ZIP 89124 | Clark County | Difference |
|---|---|---|---|
| Median Household Income | $118K | $76K | +$41K |
| Below Poverty Level | 9.7% | 13.0% | -3.3% |
| Median Age | 54.40 | 38.50 | +15.90 |
| Total Population | 732 | 2,329,548 | -- |
| Avg Household Size | 2.39 | 2.68 | -0.29 |
| Owner-Occupied | 94.0% | 57.8% | +36.2% |
| Worked From Home | 23.6% | 12.2% | +11.4% |
| Mean Commute | 33.50 | 25.10 | +8.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 1.6% to 2,329,548: residents under 18 are up 0.1% and those 65 and over are up 3.7%.
County median household income is $76K, 13.0% of residents are below the poverty level, 12.2% work from home.