What Makes a ZIP Code Expensive in Nevada?
In Nevada, a combination of factors such as location, income levels, and home value appreciation can make certain areas particularly expensive.
High demand for scenic views, proximity to Lake Tahoe or Las Vegas, and exclusive resorts all influence these price hikes.
In this article, we’ll break down the most expensive ZIP codes in Nevada, giving you insights into what makes each area stand out and how their home values have evolved over the years.
1. ZIP Code 89413: Lake Tahoe’s High-End Charm
Why It’s Expensive
The ZIP code 89413 covers lakeside towns like Lakeridge, Lincoln Park, and Glenbrook along the stunning shores of Lake Tahoe. With breathtaking views and a high quality of life, this area attracts some of the wealthiest residents in Nevada.
Key Insights:
- Median Home Value (September 2024): $3.15 million
- 5-Year Home Value Appreciation: 60%
- Median Household Income: $127,589 (mean income: $296,242)
The notable increase in home values here reflects the area’s status as one of the most sought-after places in Nevada. Over the last five years, home prices surged significantly, with luxury estates reaching new price points. The exclusivity and scenic beauty of the area continue to drive demand.
Summary:
- Area: Lakeridge, Lincoln Park, Glenbrook (Lake Tahoe)
- Median Home Value Growth: +60% in 5 years
- Median Household Income: High-income households with noticeable income inequality
2. ZIP Code 89402: Northern Lake Tahoe’s Luxe Living
Why It’s Expensive
Covering the northern section of Lake Tahoe, this ZIP code stretches along the western side of Crystal Bay, near the California-Nevada border. Known for its upscale properties and serene surroundings, it remains a highly desirable location for affluent buyers.
Key Insights:
- Median Home Value (September 2024): $2.84 million
- 5-Year Home Value Appreciation: 51.8%
- Median Household Income: $250,000+ (mean income: $630,602)
This ZIP code is one of the most affluent in the U.S. Its proximity to Lake Tahoe and the outdoor recreation opportunities it offers make it a prime location for both full-time residents and vacation homeowners.
Summary:
- Area: Northern Lake Tahoe, Crystal Bay
- Median Home Value Growth: +51.8% in 5 years
- Median Household Income: Among the highest in the nation
3. ZIP Code 89451: Incline Village’s Mountain Escape
Why It’s Expensive
Incline Village, covered by ZIP code 89451, is known for its scenic beauty and prestigious mountain golf courses. This area, nestled by the shores of Lake Tahoe, has been a hotspot for wealthy individuals seeking privacy and luxury.
Key Insights:
- Median Home Value (September 2024): $1.41 million
- 5-Year Home Value Appreciation: 69.2%
- Median Household Income: $154,773 (average income: $236,463)
Home values in 89451 have skyrocketed in recent years, with a 69.2% appreciation rate over five years. With nearly 40% of households earning $200,000 or more annually, it’s clear that this area is home to some of Nevada’s wealthiest residents.
Summary:
- Area: Incline Village (Lake Tahoe)
- Median Home Value Growth: +69.2% in 5 years
- High Income Area: Many households earn $200,000+
4. ZIP Code 89161: West Las Vegas and Red Rock Canyon
Why It’s Expensive
Unlike the resort-laden ZIP codes around Lake Tahoe, ZIP code 89161 in Las Vegas includes vast stretches of desert and mountains. Yet, it is home to some of the largest and most expensive properties in the region, especially around Red Rock Canyon.
Key Insights:
- Median Home Value (September 2024): $1.04 million
- 5-Year Home Value Appreciation: 69.2%
Despite its rural feel, the exclusive properties in this area make it a noteworthy ZIP code. The unique combination of mountain views and sprawling estates contributes to its high home values.
Summary:
- Area: West Las Vegas, Red Rock Canyon
- Median Home Value Growth: +69.2% in 5 years
- Unique Appeal: Large, expensive homes in a semi-rural setting
Conclusion
As home values soar, these areas are becoming even more coveted by affluent buyers seeking the ultimate in lifestyle and exclusivity. For those considering a move to Nevada, these ZIP codes offer a glimpse into some of the most desirable, high-end living areas in the state.
