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Affordable Housing Inventory and Demographics in Las Vegas Zip Code 89106
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 89106 in Las Vegas exhibits a significant presence of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program. This area contains 1,256 total units in LIHTC-funded projects, with 834 of these designated as low-income units. Based on the 2022 population of 27,225 and using the national average household size, the estimated number of housing units in this zip code is approximately 10,431. The LIHTC-funded affordable housing comprises about 12% of the estimated housing inventory in the area.
The LIHTC projects in zip code 89106 have received $8,374,352 in tax credits, averaging about $6,667 in federal funding per unit. This represents 2.24% of the total LIHTC funding allocated to Nevada, indicating a substantial investment in affordable housing for this particular area.
Affordable housing has been a consistent feature of zip code 89106, with the first LIHTC project, Sunset Palms, completed in 1999, and the most recent projects, Ethel Mae Robinson Senior II and Sky View Pines Apartments, finished in 2011. This span covers over a decade of affordable housing development. The 2000s saw the most activity in affordable housing construction, with multiple projects completed throughout the decade.
The LIHTC-funded housing stock in zip code 89106 offers a diverse range of unit types. Out of the 1,256 total units, there are 68 efficiencies, 418 one-bedroom units, 388 two-bedroom units, 240 three-bedroom units, and 14 four-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Over the past decade, the population in zip code 89106 has remained relatively stable, fluctuating between 26,971 and 27,969 residents. The median income has shown an upward trend, increasing from $27,713 in 2013 to $34,828 in 2022. This rise in median income might partially explain why no new LIHTC projects have been developed since 2011.
Racial demographics in zip code 89106 have shifted slightly, with the Hispanic population increasing from 39% in 2013 to 44% in 2022, while the Black population decreased from 40% to 31% during the same period. The White population has remained relatively stable at around 15-17%.
Zip code 89106 in Las Vegas has a substantial inventory of LIHTC-funded affordable housing, covering about 12% of the estimated housing stock. The area has seen consistent investment in affordable housing over more than a decade, with a diverse range of unit types available. While no new LIHTC projects have been developed since 2011, the existing inventory continues to serve the community's needs. The slight increase in median income and shifts in racial demographics over the past decade provide context for the affordable housing landscape in this zip code.
