Rental market · ZIP 89158 · Paradise, NV

ZIP 89158, Paradise, NV rental market

Population 533 · Paradise, Clark County, NV · ZIP Code Tabulation Area

Profile · ACS 2024 5-year

Not ranked

The survey value/rent margins of error are too wide (> 40%) to rank this area confidently.

It stays searchable; available government estimates remain below (data tier: Profile).

Key metrics

533
Population ±28%
$1,519,700
Median home value (ACS, owner-reported) ±61%
$2,707
Median gross rent (ACS, incl. utilities) ±11%
2.1%
Survey gross-rent yield (proxy)
$119,854
Median household income ±57%
12.0%
Rental vacancy
53.5%
Renter share
0.5%
Estimated property-tax burden
2006
Median year built ±0%
98.4%
Multifamily (5+ units)

Data vintage: ACS 2024 5-year · every figure is an ACS survey estimate with a margin of error (shown per card).

Market context

Trend context

Loading home value context…

View source data

Each point is one ACS 5-year estimate on the same 2020-Census ZCTA boundary. Adjacent releases overlap, so the release-to-release differences are not independent annual market movement.

ACS estimates by release; ± is the margin of error.
Series2017–20212018–20222019–20232020–2024
Median home value B25077$1,437,500 ±$490,584$1,443,200 ±$766,812$1,191,200 ±$463,006$1,519,700 ±$920,830
Median gross rent B25064$2,028 ±$218$2,200 ±$432$2,664 ±$122$2,707 ±$283
Population B01003406 ±85468 ±102593 ±146533 ±150

ACS 2021 release

2017-2021 five-year estimate

Median home value B25077
$1,437,500Margin of error ±$490,584
Median gross rent B25064
$2,028Margin of error ±$218
Population B01003
406Margin of error ±85

ACS 2022 release

2018-2022 five-year estimate

Median home value B25077
$1,443,200Margin of error ±$766,812
Median gross rent B25064
$2,200Margin of error ±$432
Population B01003
468Margin of error ±102

ACS 2023 release

2019-2023 five-year estimate

Median home value B25077
$1,191,200Margin of error ±$463,006
Median gross rent B25064
$2,664Margin of error ±$122
Population B01003
593Margin of error ±146

ACS 2024 release

2020-2024 five-year estimate

Median home value B25077
$1,519,700Margin of error ±$920,830
Median gross rent B25064
$2,707Margin of error ±$283
Population B01003
533Margin of error ±150

Source: U.S. Census Bureau, American Community Survey 5-year, table-based Summary File (ZCTA geography); tables B25077 (median value), B25064 (median gross rent), and B01003 (population); estimate + margin of error. Missing releases remain gaps and are never interpolated. Home value is owner-reported; gross rent describes renter housing stock; population is a ZCTA estimate. Dollar figures are nominal.

Measured market data

Measured observations for this ZIP Code, published beside the government survey figures above rather than replacing them. They measure different things and will legitimately disagree: the ACS median home value is what owners report their home is worth in a 5-year survey, while ZHVI is a monthly index of typical home value; ACS median gross rent is what sitting tenants pay including utilities, while ZORI is an index of asking rent on newly listed units. ZORI does not correct the ACS rent; neither is a better version of the other. Monthly series, revised in recent months, observed 2026-07, not live.

Zillow Home Value Index (ZHVI, mid tier)$592,726
ZHVI bottom tier (5th–35th pct)$469,156
ZHVI top tier (65th–95th pct)$1,220,521
Zillow asking-rent index (ZORI)$5,233/mo
Measured gross yield (ZORI × 12 ÷ ZHVI)10.60%
Market heat index54
Share of listings with a price cut15.0%
For-sale inventory52
New listings9
Median list price$761,148
Measured 3-yr value growth9.55%/yr
Measured 5-yr value growth7.51%/yr
Measured 10-yr value growth4.93%/yr
ZHVI, 1-bedroom$559,284
ZHVI, 2-bedroom$1,505,143

Source: Zillow Economic Research public research data, observation month 2026-07. Zillow keys on USPS ZIP codes; this page is a 2020 Census ZCTA, related but not identical geographies, so a Zillow value is matched to this ZCTA by code and is not a statement that the two areas are the same. Zillow is not affiliated with, and does not endorse, Compounding Estates.

Underwrite with these as starting points

Opening a calculator pre-loads the ACS median owner value and median gross rent as a survey-level starting point; every calculator input is editable. Owner-occupied median value and renter median gross rent describe different housing stock: the median-valued home is not the typical rental, so this is a screen, not a listing, appraisal, asking rent, cap rate, or forecast. Bring your own entry price and rent.

ZIP Codes bordering 89158

3 ZIP Code areas share a land boundary with 89158 in the official Census 2020 ZCTA map, ordered by shared-boundary length, not ZIP-number proximity or driving distance. 3 of them are in CE's ranked set and linked below; the rest are searchable from the ZIP Code explorer. No score or rank is shown here: open a profile for its own numbers.

Evidence, sources & limitations

Official geography: Paradise CDP, Clark County. Analytical entity: the U.S. Census ZIP Code Tabulation Area (ZCTA) 89158, an approximation of the USPS ZIP delivery area, not its exact route boundaries. Model z2-gov-subscores-v1; data ACS 2024 5-year.

This ZIP Code area is primarily in Clark County, overlapping Paradise, by land-area overlap from the official Census 2020 ZCTA relationship files (not population or address share).

Populationsurvey ACS B01003 · ±28% MOE
Median home value (ACS, owner-reported)survey ACS B25077 · ±61% MOE
Median gross rent (ACS, incl. utilities)survey ACS B25064 · ±11% MOE
Survey gross-rent yield (proxy)derived 12 * ACS B25064 / B25077
Median household incomesurvey ACS B19013 · ±57% MOE
Rental vacancyderived ACS B25004 E002 / (B25003 E003 + B25004 E002)
Renter sharederived ACS B25003 E003/E001
Estimated property-tax burdenderived ACS B25103 / B25077
Median year builtsurvey ACS B25035 · ±0% MOE
Multifamily (5+ units)derived ACS B25024 (5+ unit structures / total)

Class: survey = ACS estimate (with margin of error); derived = computed from ACS. The survey gross-rent yield is a proxy (renter gross rent vs owner-occupied value, different housing stock; ACS top-codes very high values/rents) and is not a cap rate. Subscores are national percentiles among data-eligible areas; ranks are competition-ranked with deterministic ties. No vendor, listing, parcel, or school data. Not investment advice.