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Rental Insights for ZIP Code 89138 (Las Vegas, NV)

Housing Rentals in ZIP Code 89138 (Las Vegas, NV)

89138 ZIP Code in Nevada

Everything to Know About Rentals in the U.S. ZIP Code 89138

ZIP Code 89138 is primarily associated with Las Vegas, NV in Clark County. The median housing rent in this region or Nevada is estimated at $1,851 per month. Approximately 29.5% of housing units in this Clark County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 5.6%.

The median rent in ZIP Code 89138 of $1,851 per month is 67% higher than the aggregate Nevada median monthly rent of $1,107, and is 74% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 45.8% of renters in ZIP Code 89138 pay between $1,500 and $1,999 per month for housing. That is 201% higher than in Nevada overall, in which 15.2% of total state residents pay between $1,500 and $1,999 per month for housing. Just 5.7% of renters in ZIP Code 89138 pay between $500 and $999 for monthly rent.

ZIP Code 89138 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 89138

See the chart below for a comparison of monthly rental costs in ZIP Code 89138, Nevada, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 89138 along with those in the state of Nevada and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 89138

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 89138 Nevada U.S.
Less than $500 0.0% 3.8% 9.4%
$500 to $999 5.7% 36.2% 36.2%
$1,000 to $1,499 12.1% 40.1% 30.0%
$1,500 to $1,999 45.8% 15.2% 14.0%
$2,000 to $2,499 19.4% 3.4% 5.6%
$2,500 to $2,999 7.4% 0.8% 2.4%
$3,000 or more 9.5% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 89138

Renters in ZIP Code 89138 use an estimated 27.77% of their income to cover their monthly rent payments. That is about 7% lower than in Nevada overall. The estimate for Nevada overall is 29.91% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 89138 renters use about 7% less of their income to cover rent expense. Household income figures for ZIP Code 89138 come in higher than in Nevada as a whole. The median annual household income in ZIP Code 89138 of $120,759 sits approximately 100% higher than the overall Nevada median income of $60,365 and approximately 92% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 89138

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 89138, Nevada, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 89138 along with the same calculations in the state of Nevada and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 89138

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 89138 Nevada U.S.
Less than 15.0 percent 16.2% 11.9% 13.1%
15.0 to 19.9 percent 17.7% 13.6% 12.9%
20.0 to 24.9 percent 16.2% 13.3% 12.9%
25.0 to 29.9 percent 4.9% 11.6% 11.6%
30.0 to 34.9 percent 10.2% 9.2% 9.1%
35.0 percent or more 34.7% 40.4% 40.5%

Household Income in ZIP Code 89138

See the table below for the regional comparison of annual household income in ZIP Code 89138.

Income ZIP 89138 Nevada U.S.
Less than $10,000 2.5% 6.0% 6.0%
$10,000 to $14,999 0.9% 3.7% 4.3%
$15,000 to $24,999 1.6% 8.8% 8.9%
$25,000 to $34,999 5.5% 9.4% 8.9%
$35,000 to $49,999 7.0% 13.7% 12.3%
$50,000 to $74,999 11.0% 18.7% 17.2%
$75,000 to $99,999 10.9% 13.7% 12.7%
$100,000 to $149,999 24.5% 14.9% 15.1%
$150,000 to $199,999 13.4% 5.8% 6.8%
$200,000 or more 22.7% 5.4% 7.7%

Household Income in ZIP Code 89138

See the chart below for a comparison of annual household income figures in ZIP Code 89138, Nevada, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 89138 alongside the same figures for the state of Nevada and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 89138

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 89138.

ZIP 89138 Nevada U.S.
Median Housing Rent $1,851 $1,107 $1,062
Renter-Occupied Housing Units 29.5% 43.7% 36.0%
Rental Vacancy Rate 5.6% 7.9% 6.0%
Average Size of Renter-Occupied Unit 3.19 2.61 2.49
Average # of Bedrooms Per Unit 3.53 2.74 2.75
Percent of Income Spent on Rent 27.77% 29.91% 29.83%
Per Capita Income $56,778 $31,557 $34,103
Median Household Income $163,223 $81,496 $88,607
Living Below the Poverty Line 3.0% 9.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 89138

In ZIP Code 89138 (Las Vegas, NV), and estimated 29.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.6%.

The per capita income in 89138 is estimated at $56,778, which goes along with an estimated median household income of $163,223. About 3.0% of residents in this Clark County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.19 occupants, while the units have an aggregate average size of 3.53 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.77% of their income on housing rental costs.

Rental FAQs for ZIP Code 89138

1

What is the median monthly rent in ZIP Code 89138?

Median rent for housing in ZIP Code 89138 in Clark County in Nevada is approximately $1,851 per month.
2

Is it expensive to rent in ZIP Code 89138?

Rent in ZIP Code 89138 is higher than average in the state of Nevada overall. The median monthly rent of $1,851 in ZIP Code 89138 is approximately 67% higher than the Nevada median of $1,107. Additionally, median rent in this Las Vegas, NV region ($1,851) is about 74% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 89138?

High-priced rentals are more common in ZIP Code 89138 than in Nevada overall. The percentage of rentals in ZIP Code 89138 that cost $3,000 or more per month (9.5%) is about 1483% higher than the Nevada rate of 0.6% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 296% lower than the aforementioned 89138 rate of 9.5%.
4

Are affordable rentals common in ZIP Code 89138?

Affordable rentals are less common in ZIP Code 89138 than in Nevada overall. The percentage of housing rentals in ZIP Code 89138 costing $999 or less per month (5.7%) is approximately 86% lower than the Nevada rate of 40% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 88% higher than the previously mentioned 89138 rate of 5.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 89138?

The most common range for rental cost in ZIP Code 89138 is between $1,500 and $1,999 per month. About 45.8% of renters in 89138 pay in this range for monthly rent. In comparison, approximately 15.2% of renters in the state of Nevada fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 89138 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 89138 is lower than the rental vacancy rate in the state of Nevada overall. Rental vacancy of 5.6% in ZIP Code 89138 is about 29% lower than the Nevada rate of 7.9%. Looking more broadly, rental vacancy in this Las Vegas, NV region (5.6%) is an estimated 7% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 89138? How does it compare to other Nevada regions?

Median household income in ZIP Code 89138 is higher than in the state of Nevada overall. Annual household income of $120,759 in ZIP Code 89138 is about 100% higher than the Nevada median of $60,365. Additionally, median household income in this Las Vegas, NV region ($120,759) is approximately 92% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 89138 spend on housing costs?

Renters in ZIP Code 89138 spend a lower amount of their income on rent costs than do renters in Nevada overall. Renters in ZIP Code 89138 spend an estimated 27.77% of their income on rent payments, which is about 7% lower than the overall Nevada estimated rate of 29.91%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 7% higher than the ZIP Code 89138 estimated rate of 27.77%.
9

Do renters in ZIP Code 89138 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 89138 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 89138 spending 30 percent or more of their income on rent costs (44.9%) is approximately 9% lower than the Nevada rate of 49.6% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 9% higher than the aforementioned 89138 rate of 44.9%.
10

What is the average household size of renter-occupied units in ZIP Code 89138?

The average household size of renter-occupied units in ZIP Code 89138 is higher than in the state of Nevada overall. Annual household size of 3.19 in ZIP Code 89138 is about 22% higher than the Nevada median of 2.61. Additionally, median household size in this Las Vegas, NV region (3.19) is approximately 28% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Nevada ZIP Codes