Based on a survey of over 300,000 residential sales in Seattle, WA between 2000 and 2013, economists from West Virginia University and the University of Wisconsin- La Crosse have found that the opening of new strip clubs has no statistically significant effect on nearby home prices.
Seattle was chosen for this case study because of its moratorium on new strip clubs between 1998 and 2005, which provided researchers with variations in the numbers and locations of clubs. The study examined how strip clubs affected home resale prices, and whether the opening or closing of a club changed prices.
The study did find that condos within 1,000 feet of a club sold for 5.5% less than those more than 2,000 feet away, and single-family homes within 2,000 feet sold for 4.8% more than those further away. According to p-value measures of significance, however, there is no statistically significant link between strip clubs and home prices.