Zip Code 89122

Las Vegas, NVClark County

Real Estate Market Analysis

Q3 2025 Report
$370,000 (May 2025)[2]
Median Home Value
Estimated 45,000-50,000 (2024 projection)
Population
$54,000 (Las Vegas avg, 2024)
Median Income
CCSD rated average; varies by school
School District Rating

Market Statistics

Property Values

$370,000 (May 2025)[2]
Median Home Value
$1,794 (Las Vegas avg, Dec 2024)[3]
Median Rent
$236 (March 2025)[4]
Price per Sq Ft

Market Performance

Home Appreciation4.5% year-over-year (March 2025)[4]
Market Velocity41 days median DOM (May 2025)[2]
Foreclosure RateNot specified for 89122; Las Vegas overall remains low[3]

Area Information

Area SizeApprox. 13 sq mi
CountyClark
Primary CityLas Vegas

Housing Profile

Housing Statistics

Total Housing UnitsNot specified for 89122; Clark County has significant investor ownership[3]
Owner OccupiedEstimated 55-60% (Las Vegas avg, 2024)[3]
Rental PropertiesEstimated 40-45% (Las Vegas avg, 2024)[3]
Vacant UnitsLow; rental inventory is tightening[3]
New ConstructionLimited new construction in 89122; most new builds in outer Las Vegas[1][3]

Housing Types

Single-family homesTownhomesCondosManufactured homes

Demographics

Estimated 45,000-50,000 (2024 projection)
Population
~38 (Las Vegas avg)
Median Age
$54,000 (Las Vegas avg, 2024)
Median Income
~95% (Las Vegas avg, 2024)
Employment Rate
High school diploma or higher: 83%; Bachelor's degree or higher: 18% (Las Vegas avg)
Education Levels
Mix of families, singles, and retirees
Family Composition

Education Quality

School District Performance

CCSD rated average; varies by school
District Rating
School DistrictClark County School District
Test ScoresBelow state average in some schools
Graduation Rates~80% (CCSD avg)

Schools in Area

  • C.W. Woodbury Middle School
  • Harney Middle School
  • Cynthia Cunningham Elementary
  • Hal Smith Elementary

Economic Factors

Employment & Business

Job Growth2.2% annual (Las Vegas metro, 2024)[3]
Unemployment Rate4.6% (Las Vegas, May 2025)[3]
Business EnvironmentPro-business, low taxes, strong tourism sector
Commercial ActivityRetail centers, service businesses, limited office/industrial

Major Employers

  • Clark County School District
  • Hospitality & Gaming (MGM, Caesars)
  • Healthcare (Sunrise Hospital, UMC)
  • Retail (Walmart, Target)

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-515/US-95 freeway
  • RTC bus lines
  • Proximity to McCarran International Airport

Utilities & Services

  • NV Energy (electric)
  • Southwest Gas
  • Las Vegas Valley Water District
  • Cox/CenturyLink (internet)

Quality of Life

Safety & Environment

Moderate; higher than suburbs but lower than downtown core

Desert climate; good air quality, limited green space

Healthcare Access

  • Sunrise Hospital
  • Desert Springs Hospital
  • Quick care clinics

Development Trends

Planned Developments

  • Retail center renovations
  • Small infill housing projects

Infrastructure Projects

  • Road improvements on Boulder Hwy

Investment Outlook

Growth Outlook

Stable to modest growth; in-migration supports demand[1][3]

Investment Opportunities

  • Single-family rentals
  • Value-add rehabs
  • Affordable housing

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Retirees
  • Investors
  • Working families

Competitive Advantages

  • Lower price point than Summerlin/Henderson
  • Strong rental demand
  • Access to major transit

Pricing Strategies

Competitive pricing, incentives for buyers (closing costs, rate buydowns)

Common Objections & Response Strategies

Objection: Area has higher crime than suburbs

Response Strategy:

Highlight community policing, neighborhood watch, and improving trends

Objection: Schools are rated average or below

Response Strategy:

Point to specific schools with better ratings, after-school programs, and proximity to charter/private options

Objection: Older housing stock

Response Strategy:

Emphasize recent renovations, value-add potential, and lower price per sq ft

Objection: Limited new construction

Response Strategy:

Stress affordability, established neighborhoods, and mature landscaping

Professional Recommendations

1

Emphasize affordability and rental potential in marketing

2

Network with local employers for relocation leads

3

Highlight recent area improvements and community amenities

4

Educate buyers on financing options and down payment assistance

5

Monitor inventory and price trends closely for negotiation leverage

Competitive Analysis

Comparable Markets

  • 89121 (east Las Vegas)
  • 89123 (south Las Vegas)
  • 89110 (northeast Las Vegas)

Market Positioning

Affordable, high-yield, accessible to workforce and retirees

Competitive Advantages

  • Lower median price
  • Higher rental yields
  • Proximity to major employers

Price Comparison

89122 median home price is ~$370,000 vs. Las Vegas avg of $437,000[2][5]

Investment Metrics

5.5% - 6.5% (typical for SFR rentals in 89122)[3]
Cap Rates
5.8% gross yield (est. for 2025)
Rental Yields
~17-18 (median home price vs. annual rent)
Price-to-Rent
Strong for well-priced rentals; positive cash flow likely with 20% down
Cash Flow
2.5% - 3.5% annual through 2025[3]
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability and FHA/VA loan options; may need education on area and process

Move-Up Buyers

Less common; may look to other zip codes for larger/newer homes

Downsizers

Appealing for retirees seeking low-maintenance, affordable homes

Investors

Strong interest due to rental yields and stable tenant demand

Relocators

Drawn by price, access to jobs, and proximity to airport

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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