Home Values

The Strip Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$314,000

  • 18.1% 1-year change
  • 3.4% 1-year forecast

Market temperature 

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold
Buyers' Market
Sellers' Market

The median home value in The Strip is $314,000. The Strip home values have gone up 18.1% over the past year and Zillow predicts they will rise 3.4% within the next year. The median rent price in The Strip is $2,450, which is higher than the Las Vegas median of $1,195.

Foreclosures will be a factor impacting home values in the next several years. In The Strip 4.8 homes are foreclosed (per 10,000). This is lower than the Las Vegas value of 12.3 and also greater than the national value of 3.8

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Relative ZHVI
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The Strip Market Overview

Data through Jun 30, 2015
  • $314,000 ZHVI
  • 3.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • $356,750 Median sale price (May 31, 2015)
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The Strip Market Health

Data through Jun 30, 2015
  • 9.1/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (15.4% US Avg)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

5 The Strip
12 Las Vegas
4 United States
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Nearby Neighborhoods

Name Median ZHVI
Buffalo $213,500
Spring Valley $172,100
Paradise $161,600
Name Median ZHVI
Rancho Charleston $135,500
UMC $127,200
Michael Way $127,200
Name Median ZHVI
Winchester $124,400
Charleston Heights $121,200
West Las Vegas $93,100

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $405 Median sale price / sq ft
  • No data Listings with price cut
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The Strip Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,802 The Strip
    $1,192 Las Vegas
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $2,450 Rent list price
  • $2.13 Rent list price / sq ft
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