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Rental Insights for ZIP Code 89166 (Las Vegas, NV)

Housing Rentals in ZIP Code 89166 (Las Vegas, NV)

89166 ZIP Code in Nevada

Everything to Know About Rentals in the U.S. ZIP Code 89166

ZIP Code 89166 is primarily associated with Las Vegas, NV in Clark County. The median housing rent in this region or Nevada is estimated at $1,372 per month. Approximately 30.6% of housing units in this Clark County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 6.1%.

The median rent in ZIP Code 89166 of $1,372 per month is 24% higher than the aggregate Nevada median monthly rent of $1,107, and is 29% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 49.3% of residents in ZIP Code 89166 have a monthly rent payment between $1,000 and $1,499. That is 23% higher than in Nevada overall, in which 40.1% of total state residents pay between $1,000 and $1,499 per month for housing. Just 8.6% of renters in ZIP Code 89166 pay between $2,000 and $2,499 for monthly rent.

ZIP Code 89166 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 89166

See the chart below for a comparison of monthly rental costs in ZIP Code 89166, Nevada, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 89166 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 89166

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

Cost ZIP 89166 Nevada U.S.
Less than $500 0.0% 3.8% 9.4%
$500 to $999 16.3% 36.2% 36.2%
$1,000 to $1,499 49.3% 40.1% 30.0%
$1,500 to $1,999 25.8% 15.2% 14.0%
$2,000 to $2,499 8.6% 3.4% 5.6%
$2,500 to $2,999 0.0% 0.8% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 89166

Renters in ZIP Code 89166 use an estimated 27.65% of their income to cover their monthly rent payments. That is about 8% 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 89166 renters use about 7% less of their income to cover rent expense. Household income figures for ZIP Code 89166 come in higher than in Nevada as a whole. The median annual household income in ZIP Code 89166 of $91,126 sits approximately 51% higher than the overall Nevada median income of $60,365 and approximately 45% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 89166

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 89166, 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 89166 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 89166

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

Rent Cost as % of Income ZIP 89166 Nevada U.S.
Less than 15.0 percent 7.8% 11.9% 13.1%
15.0 to 19.9 percent 19.9% 13.6% 12.9%
20.0 to 24.9 percent 17.6% 13.3% 12.9%
25.0 to 29.9 percent 19.2% 11.6% 11.6%
30.0 to 34.9 percent 9.4% 9.2% 9.1%
35.0 percent or more 26.1% 40.4% 40.5%

Household Income in ZIP Code 89166

See the table below for the regional comparison of annual household income in ZIP Code 89166.

Income ZIP 89166 Nevada U.S.
Less than $10,000 1.9% 6.0% 6.0%
$10,000 to $14,999 0.8% 3.7% 4.3%
$15,000 to $24,999 3.2% 8.8% 8.9%
$25,000 to $34,999 5.4% 9.4% 8.9%
$35,000 to $49,999 8.8% 13.7% 12.3%
$50,000 to $74,999 18.4% 18.7% 17.2%
$75,000 to $99,999 20.2% 13.7% 12.7%
$100,000 to $149,999 26.3% 14.9% 15.1%
$150,000 to $199,999 9.8% 5.8% 6.8%
$200,000 or more 5.2% 5.4% 7.7%

Household Income in ZIP Code 89166

See the chart below for a comparison of annual household income figures in ZIP Code 89166, Nevada, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 89166 alongside the same figures for the state of Nevada and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 89166

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 89166.

ZIP 89166 Nevada U.S.
Median Housing Rent $1,372 $1,107 $1,062
Renter-Occupied Housing Units 30.6% 43.7% 36.0%
Rental Vacancy Rate 6.1% 7.9% 6.0%
Average Size of Renter-Occupied Unit 2.68 2.61 2.49
Average # of Bedrooms Per Unit 3.2 2.74 2.75
Percent of Income Spent on Rent 27.65% 29.91% 29.83%
Per Capita Income $32,894 $31,557 $34,103
Median Household Income $100,798 $81,496 $88,607
Living Below the Poverty Line 2.2% 9.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 89166

In ZIP Code 89166 (Las Vegas, NV), and estimated 30.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.1%.

The per capita income in 89166 is estimated at $32,894, which goes along with an estimated median household income of $100,798. About 2.2% of residents in this Clark County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.68 occupants, while the units have an aggregate average size of 3.2 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.65% of their income on housing rental costs.

Rental FAQs for ZIP Code 89166

1

What is the median monthly rent in ZIP Code 89166?

Median rent for housing in ZIP Code 89166 in Clark County in Nevada is approximately $1,372 per month.
2

Is it expensive to rent in ZIP Code 89166?

Rent in ZIP Code 89166 is higher than average in the state of Nevada overall. The median monthly rent of $1,372 in ZIP Code 89166 is approximately 24% higher than the Nevada median of $1,107. Additionally, median rent in this Las Vegas, NV region ($1,372) is about 29% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 89166?

High-priced rentals are not common in the Las Vegas, NV ZIP Code of 89166, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Nevada overall, approximately 0.6% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 89166?

Affordable rentals are less common in ZIP Code 89166 than in Nevada overall. The percentage of housing rentals in ZIP Code 89166 costing $999 or less per month (16.3%) is approximately 59% 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 64% higher than the previously mentioned 89166 rate of 16.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 89166?

The most common range for rental cost in ZIP Code 89166 is between $1,000 and $1,499 per month. About 49.3% of renters in 89166 pay in this range for monthly rent. In comparison, approximately 40.1% of renters in the state of Nevada fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 89166 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 89166 is lower than the rental vacancy rate in the state of Nevada overall. Rental vacancy of 6.1% in ZIP Code 89166 is about 23% lower than the Nevada rate of 7.9%. Looking more broadly, rental vacancy in this Las Vegas, NV region (6.1%) is an estimated 2% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 89166? How does it compare to other Nevada regions?

Median household income in ZIP Code 89166 is higher than in the state of Nevada overall. Annual household income of $91,126 in ZIP Code 89166 is about 51% higher than the Nevada median of $60,365. Additionally, median household income in this Las Vegas, NV region ($91,126) is approximately 45% 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 89166 spend on housing costs?

Renters in ZIP Code 89166 spend a lower amount of their income on rent costs than do renters in Nevada overall. Renters in ZIP Code 89166 spend an estimated 27.65% of their income on rent payments, which is about 8% 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 89166 estimated rate of 27.65%.
9

Do renters in ZIP Code 89166 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 89166 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 89166 spending 30 percent or more of their income on rent costs (35.5%) is approximately 28% 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 28% higher than the aforementioned 89166 rate of 35.5%.
10

What is the average household size of renter-occupied units in ZIP Code 89166?

The average household size of renter-occupied units in ZIP Code 89166 is higher than in the state of Nevada overall. Annual household size of 2.68 in ZIP Code 89166 is about 3% higher than the Nevada median of 2.61. Additionally, median household size in this Las Vegas, NV region (2.68) is approximately 8% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Nevada ZIP Codes