The five-digit label, 89139, functions both as Zillow’s ZIP market identifier and as the matched Census ZCTA label. A ZCTA is a statistical area, not the same thing as a USPS delivery ZIP. In June 2026, Zillow’s ZIP-level ZORI was $1,960 per month. ZORI is a typical observed asking-rent index blended across rental types, rather than a survey median or a unit-specific quote. That index stood 13.8% above the Las Vegas city context, and 12.1% above both the Clark County context and the Las Vegas-Henderson-Paradise, NV metro context; those city, county, and metro figures are wider-area comparisons rather than ZIP rental observations.
The rent path is positive but has decelerated. Exact same-month annualized ZORI changes were 0.7% over one year, 1.4% over three years, and 3.3% over five years through the stated endpoint. Thus, the recent direction confirms that asking rent remains above its earlier level, while breaking from the faster pace visible over the longer history. The series has complete coverage across its stated history. Annualized variation in monthly returns was 2.25%, a relatively limited degree of movement that supports moderate confidence in the current index as a snapshot. Its maximum drawdown was 2.84%, indicating that the observed rent path did experience reversals. National discovery ranks among history-eligible ZIPs were 341 for stability and 2,007 for momentum, with lower ranks stronger. These backward-looking measurements are not forecasts or investment recommendations.
Bedroom figures add a constructed lens rather than fresh measurements. Modelled ZIP estimates scale ZORI through the local HUD bedroom ladder: $1,506 for a studio, $1,670 for one bedroom, the current ZORI-aligned level for two bedrooms, $2,726 for three bedrooms, and $3,122 for four bedrooms. The local HUD standard for the two-bedroom rung is $1,735. HUD FMR/SAFMR is an administrative, bedroom-specific standard, not asking rent, so neither the HUD values nor the scaled outputs should be read as measured bedroom rents. The ladder is most useful for maintaining internally consistent size relationships around the ZIP asking-rent index.
The ACS 2024 five-year ZCTA survey reports median gross rent of $2,047 among occupied renter homes. Gross rent includes selected utilities, making it a different evidence universe from Zillow’s asking-rent index; the ZORI level is somewhat below the ACS measure, without establishing that either source is wrong. Median household income was $99,815. Annualizing the current ZORI produces a $78,400 income screen at 30%, and the implied asking-rent-to-income share is 23.6%. This 30% screen is arithmetic only, not advice and not an applicant qualification rule. Survey burden data still show 2,690 of 5,386 renter households, or 49.9%, reported spending at least that share of income on rent. That burden statistic describes households in the survey, not affordability at any specific available unit.
The ZCTA contained 15,727 housing units, with a 6.3% overall vacancy rate and a 36.5% renter share. Its stock mix was concentrated in single-family structures, which accounted for 13,572 units, while large multifamily structures accounted for 639 units. These are ACS ZCTA housing-stock and occupancy classifications, not a live inventory of rentals marketed in the Zillow ZIP area. In particular, an area vacancy measure cannot demonstrate that a particular address is available, competitively priced, or suitable for a given household. The relatively limited renter share also means that the renter survey and asking-rent evidence should not be treated as a complete description of all housing activity in the area.
Resale evidence offers a separate tension. In Redfin’s direct rolling-three-month ZIP for-sale observation, the median sold price was $489,889, essentially unchanged at a 0.02% year-over-year decline. There were 152 homes sold, and median marketing time was 50 days. Reported inventory was 218 homes, with 4.3 months of supply. The average sale-to-list ratio was 98.66%, while 12.85% of sales closed above list. These are for-sale market and resale-liquidity observations, not rental transactions or rental comparables. Annualized ZIP ZORI divided by the median sold price equals 4.80%; that is only a cross-source screening ratio and does not measure property economics or any return.
The central decision tension is that the ZIP asking-rent index sits materially above its wider city, county, and metro contexts, while the household-income screen appears less stretched than the renter-burden survey alone might suggest. At the same time, the resale record shows a near-flat sold-price change, several months of supply, marketing time measured in weeks, and an average sale below list. Those sales signals challenge any simple reading that a higher current asking-rent index necessarily corresponds to uniformly strong transaction conditions. Conversely, the limited historical rent variability and shallow observed drawdown keep the current rent index from looking like an isolated spike. None of these cross-source patterns establishes cause, tenant demand for a particular home, or the terms achievable at a specific address.
Several limits remain important. ZORI is an index rather than a lease ledger; ACS is a five-year survey with sampling uncertainty; HUD is an administrative standard; and Redfin describes recent ZIP resale activity only. Before relying on this report for a property-specific assessment, verify the address’s current asking rent, bedroom count, utility treatment, lease length, concessions, condition, furnishing status, and listing recency. Compare those details with genuinely similar active and recently leased homes, separately review sale comparables when a purchase question is involved, and confirm carrying-cost items that do not appear in rent or resale medians. The practical question is whether the specific property’s terms resemble the evidence universe being used, rather than whether any area-level figure can stand in for it.