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Paradise CDP, NV

ZIP 89123 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 89123

Median Home Value
$424,900
Median Rent
$1,452
Affordability Snapshot
$117,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,729/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

24.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 89123 in Paradise CDP, NV, a household would need roughly $117,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,729. That is about 44% above the local median household income ($80,992), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
59.4%-9% vs US avg
x
Vacancy Rate
8.8%-14% vs US avg
x
Broadband Access
93.4%+7% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
21.7%-56% vs US avg
x
Mortgage-Free
27.6%-28% vs US avg
x
$424,900
Home Value
$1,452
Rent
1998
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached60.5%
  • 1-unit attached3.8%
  • 2-9 units10.8%
  • 10+ units23.6%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$424,900
Median rent$1,452
Owner-occupied59.4%
Vacant8.8%
Price-to-income5.2x
Est. income to buy$117,000