The Strip, Las Vegas, NV—89158
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in The Strip, Las Vegas, NV
Home Price Trends — The Strip, Las Vegas, NV
As of Oct '25, the median home price in The Strip, Las Vegas, NV is $590,000, with a year-over-year change of 8.2%. This indicates that home prices in The Strip, Las Vegas, NV are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $590,000 | 8.2% |
| Single Family | N/A | N/A |
| Condos | $587,000 | 8.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $552,000 | 4.5% |
2 Bed | $1,651,000 | -4.9% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — The Strip, Las Vegas, NV
As of July '25, Rentcast reports the average rent in The Strip, Las Vegas, NV is $3,670, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in The Strip, Las Vegas, NV is studios: $2,110, 1-bedrooms: $3,450, 2-bedrooms: $5,710. The most common rental property sizes in The Strip, Las Vegas, NV are 1-bedroom and studio, accounting for 61.9% and 19.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,670 |
| Studio Rent | $2,100 | $2,110 |
| 1 Bed Rent | $3,000 | $3,450 |
| 2 Bed Rent | $5,700 | $5,710 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — The Strip, Las Vegas, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in The Strip, Las Vegas, NV is 68. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $595,000 | -25.0% |
Listing Count | 40 | -15.0% |
| Listings as % of Homes | 5.6% | -15.0% |
Days on Market | 68 | 17.0% |
Demographics — The Strip, Las Vegas, NV
The Strip, Las Vegas, NV lacks sufficient demographic data for analysis.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 593 | N/A |
% Under 18 | 1.3% | N/A |
% Seniors | 17.2% | N/A |
% WFH | 52.1% | N/A |
% w/ College Degree | 73.4% | N/A |
The Strip, Las Vegas, NV lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.8% | N/A |
% Black | 8.1% | N/A |
% Hispanic | 2.2% | N/A |
% Asian | 18.0% | N/A |
% Foreign Born | 17.2% | N/A |
Mortgage and Risk — The Strip, Las Vegas, NV
The Strip, Las Vegas, NV lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — The Strip, Las Vegas, NV
The Strip, Las Vegas, NV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$780 | $3,000 | $2,220 |
| 2 Bedroom | -$3,070 | $5,700 | $2,630 |
| 3 Bedroom | N/A | N/A | $3,690 |
| 4 Bedroom | N/A | N/A | $4,270 |
Affordability — The Strip, Las Vegas, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $590,000 |
| Median Household Income | $140,000 |