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  5. /The Strip, Las Vegas, NV - 89158

The Strip, Las Vegas, NV—89158

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$593,000
7.9% YoY Growth
Household Income
$140,000
N/A
Days on Market
77
5.0% Longer YoY
Home Price Forecast
-0.7%
Median Rent
$3,000
4.2% YoY Growth
1-Bed Rent
$3,000
1.7% YoY Growth
2-Bed Rent
$5,700
6.1% YoY Growth
3-Bed Rent
N/A
N/A

Other Zip Codes in The Strip, Las Vegas, NV

89109
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — The Strip, Las Vegas, NV

As of May '26, the median home price in The Strip, Las Vegas, NV is $593,000, with a year-over-year change of 7.9%. This indicates that home prices in The Strip, Las Vegas, NV are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$593,0007.9%
Single Family N/AN/A
Condos $591,0005.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $559,000
    7.9%
    2 Bed
    		$1,505,000-3.0%
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    23.9%
    1 Bedroom
    42.2%
    2 Bedrooms
    24.8%
    3 Bedrooms
    6.9%
    4 Bedrooms
    1.4%
    5+ Bedrooms
    0.8%

    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.

    TypeMedian RentAverage 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/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    Studio
    19.2%
    1 Bedroom
    61.9%
    2 Bedrooms
    11.2%
    3 Bedrooms
    4.2%
    4 Bedrooms
    3.5%

    Property Listings — The Strip, Las Vegas, NV

    As of May '26, Realtor.com reports that the median days on market for a home in The Strip, Las Vegas, NV is 77. This is a increase of 5.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$766,00014.0%
    Listing Count
    		46-14.0%
    Listings as % of Homes5.6%-14.0%
    Days on Market
    		775.0%
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    Demographics — The Strip, Las Vegas, NV

    The Strip, Las Vegas, NV lacks sufficient demographic data for analysis.

    MetricLatest CensusYoY % Change
    Population
    		593N/A
    % Under 18
    		1.3%N/A
    % Seniors
    		17.2%N/A
    % WFH
    		52.1%N/A
    % w/ College Degree
    		73.4%N/A
    Loading chart...

    The Strip, Las Vegas, NV lacks sufficient race and ethnicity data for analysis.

    Race and Ethnicity

    MetricLatest Census5-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
    Loading chart...

    Mortgage and Risk — The Strip, Las Vegas, NV

    The Strip, Las Vegas, NV lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
    Loading chart...
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$780$3,000$2,220
    2 Bedroom-$3,070$5,700$2,630
    3 BedroomN/AN/A$3,690
    4 BedroomN/AN/A$4,270

    Affordability — The Strip, Las Vegas, NV

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$593,000
    Median Household Income$140,000

    The Strip, Las Vegas, NV — ZIP Code Boundary Map

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    Nearby ZIP Codes

    The Strip, Las Vegas, NV

    89109

    Spring Valley, Las Vegas, NV

    89103

    Paradise, Las Vegas, NV

    89119

    Paradise Palms, Las Vegas, NV

    89169

    Rancho Charleston, Las Vegas, NV

    89102

    Frequently Asked Questions