The story of this market
The typical home in ZIP 89148 sells for about $509,900, or $258 per square foot.
Prices are down 3.1% from a year ago, which gives buyers more room to negotiate. Homes take about 69 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,991 a month.
ZIP 89148 — Las Vegas
The 89148 housing market shows signs of stabilization with a median price of $509,900, reflecting a slight premium over the broader Spring Valley area. While inventory remains sufficient for buyers, the market is adjusting to higher interest rates, resulting in a moderate pace of sales and a stable year-over-year price trend.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with modern amenities, proximity to major employment hubs, and access to high-quality recreational facilities.
Median prices moved down 3.1% year over year.
Homes spend a median of 69 days on market with 8.4 months of supply — a slower-moving market.
6% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.2% · poverty 10.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 89148, Clark County NV
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime trends in the Spring Valley area are generally consistent with broader Las Vegas suburban patterns, with property crime remaining the primary concern for residents.
Schools serving the 89148 ZIP code are part of the Clark County School District, which maintains a mix of ratings; many local elementary schools are highly regarded by families.
The area faces standard desert climate risks, primarily extreme heat and occasional flash flooding during monsoon season, with insurance premiums reflecting regional wildfire and wind exposure.
Development in 89148 is driven by its proximity to the Summerlin master-planned community and major employment hubs along the I-215 beltway, featuring steady residential and retail expansion.
Property taxes in this ZIP are governed by Clark County assessment rates, with no state income tax; special districts include various local improvement districts for infrastructure maintenance.
Residents typically rely on the I-215 beltway for access to the Las Vegas Strip and downtown employment centers, with commute times generally ranging from 20 to 35 minutes.
The area features numerous community parks, proximity to the Red Rock Canyon National Conservation Area, and extensive shopping and dining options along the Durango and Fort Apache corridors.
The rental market is characterized by stable demand and moderate vacancy pressure, with a significant presence of multi-family complexes and individual investor-owned single-family homes.
The local economy is anchored by the tourism, gaming, and hospitality sectors, with growing diversification in healthcare and logistics along the I-215 corridor.
The area is served by the RTC of Southern Nevada bus system, with primary transit reliance on private vehicles via the I-215 beltway and major arterial roads.
Ongoing development includes mixed-use retail and residential projects near the Durango corridor, focusing on high-density lifestyle centers.
The Clark County Assessor's office conducts annual property valuations based on market data and state-mandated assessment formulas.
Parcels are subject to Clark County School District taxes and various local improvement district assessments for infrastructure and public services.
Property insurance premiums are influenced by regional wildfire risk and the high cost of construction materials in the Las Vegas market.
Nevada continues to see positive net domestic migration, driven by residents relocating from California for tax and cost-of-living advantages.
Nevada is a non-judicial foreclosure state, with a standard notice and trustee sale process.
Sellers are required to provide a comprehensive Real Property Disclosure Form detailing the condition of the property and any known defects.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- AREA154.47.8 mi
- Meow Wolf Las Vegas' Omega Mart4.47.8 mi
- Pinball Hall of Fame4.56.8 mi
- Discovery Children's Museum4.710.7 mi
- Speed Vegas4.810.5 mi
- Sphere4.58.2 mi
- Fremont Street Experience4.611.1 mi
- SAHARA Las Vegas4.19.3 mi
- Allegiant Stadium4.66.3 mi
- Westgate Las Vegas Resort & Casino49.2 mi
- Sphere4.58.2 mi
- Caesars Palace4.57.4 mi
- Fremont Street Experience4.611.1 mi
- Paris Las Vegas4.37.5 mi
- Flamingo Las Vegas47.7 mi
- AREA154.47.8 mi
- Arte Museum Las Vegas4.77.2 mi
- Gold & Silver Pawn Shop4.410.6 mi
- Meow Wolf Las Vegas' Omega Mart4.47.8 mi
- The Mob Museum4.711.3 mi
- Red Rock Canyon National Conservation Area4.812.4 mi
- Red Rock Canyon Visitor Center4.89.3 mi
- Bellagio Conservatory & Botanical Gardens4.87.2 mi
- Sunset Park4.610 mi
- Springs Preserve4.79.3 mi
- Topgolf Las Vegas4.57.6 mi
- Atomic Golf4.69.7 mi
- Angel Park Golf Club4.47.7 mi
- The Revere Golf Club4.412.8 mi
- Las Vegas National Golf Course4.210.3 mi
- Fremont Street Experience4.611.1 mi
- Wynn Las Vegas4.78.4 mi
- Las Vegas North Premium Outlets4.410.2 mi
- Fashion Show Las Vegas4.58 mi
- Las Vegas South Premium Outlets4.46.8 mi
- Harry Reid International Airport4.28 mi
- North Las Vegas Airport4.511.4 mi
- The Club LAS Terminal 348.9 mi
- 5 Star Helicopter Tours4.67.1 mi
- Skyline Helicopter Tours4.611.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features hiking trails and panoramic views of the Las Vegas valley.
A premier public golf course located within the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.