Source link : https://las-vegas-news.com/the-7-las-vegas-neighborhoods-where-property-values-are-secretly-tanking/
Las Vegas has always had a flair for illusion. The skyline glitters, the casinos buzz, and on the surface, the housing market looks like it still has the golden touch. But look closer, beyond the neon and the hype, and a different picture starts to emerge – one that’s making savvy buyers and anxious homeowners take a second look.
Three quarters of the ZIP codes in Southern Nevada have seen home price declines year-over-year, according to a new study. That’s not a rumor. That’s data. So which neighborhoods are quietly, almost secretly, losing their value? Let’s dive in.
1. The Las Vegas Strip Corridor (ZIP Code 89158): The Biggest Loser in the Valley
Here’s the thing nobody in the tourism brochures will tell you. The neighborhood closest to the glamour is, ironically, the one bleeding value the fastest. The ZIP code with the biggest decline was 89158, a 17.5 percent drop, which is located between Interstate 15 and Las Vegas Boulevard, encompassing such properties as Park MGM Las Vegas and the Aria Sky Suites.
Most of the ZIP codes that saw the largest per square foot median price decline in the valley included parts of the Las Vegas Strip, where there aren’t a lot of single-family houses but an ample number of high-rise condominiums and apartments, according to a study by the UNLV Lied Center for Real Estate. Think of it like a casino floor –…
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Author : Matthias Binder
Publish date : 2026-03-24 14:39:00
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