Nevada County Real Estate and Livability Trends
Nevada County, California has seen a steady rise in median home values from $347,000 in 2015 to $559,700 in 2022, largely reflecting statewide trends. The significant increase in residential energy tax credits, from $1,173.08 in 2013 to $4,762.30 in 2018, shows a strong local push towards energy-efficient upgrades. Concurrently, real estate taxes per return rose to $6,757.04 by 2021, suggesting... Read more
Nevada County Market Trends
Nevada County, California has seen median home values jump from $347,000 in 2015 to $559,700 in 2022, closely tracking California's broader trend. The residential energy tax credit has surged from $1,173.08 in 2013 to a high of $4,762.30 in 2018, indicating a strong investment in energy-efficient upgrades. Real estate taxes per return have steadily risen, hitting $6,757.04 in 2021, suggesting... Read more
Median Value of Occupied Housing Units in Nevada County, California Over the Last 8 Years
Nevada County, California has seen a consistent climb in median home values from $347,000 in 2015 to $559,700 in 2022. This aligns with the overall state trend, where California's median values rose from $385,500 to $659,300 in the same period. Comparatively, the national median values trailed behind, increasing from $125,500 to $179,400. This could suggest that Nevada County, much like the rest of California, is outpacing national growth, which might reflect higher demand or attractiveness of the region for potential investors and homeowners.
Residential Energy Tax Credit Per Tax Return in Nevada County, CA Over the Last 9 Years
Over the last nine years, Nevada County, California, has seen a substantial increase in the average residential energy tax credit per tax return. Starting from $1,173.08 in 2013, the average credit peaked at $4,762.30 in 2018, reflecting a growing investment in energy-efficient home improvements. Despite a dip in 2019, the average credit stabilized around $3,758.78 by 2021. This upward trend underscores the county's commitment to sustainable living and presents lucrative opportunities for real estate investors and new residents seeking energy-efficient homes.
Average Real Estate Taxes Per Tax Return in Nevada County, CA Over the Last 10 Years
Nevada County, California has seen a steady rise in real estate taxes per tax return over the past decade, starting from $3,930.31 in 2012 and reaching $6,757.04 in 2021. This suggests increasing property values and possibly higher demand for housing in the region. For potential investors and residents, this trend could indicate a growing, desirable area with escalating property costs.
Percentage of Farm Returns in Nevada County, CA Over the Last 10 Years
The percentage of farm tax returns in Nevada County, California has shown a gradual decline over the last decade, dropping from 1.08% in 2012 to 0.85% in 2021. Farm tax returns are essentially tax filings from agricultural enterprises, reflecting the number of active farming operations. This decline could indicate a shrinking agricultural sector, potentially due to urbanization, shifting economic priorities, or environmental challenges. For investors, property developers, or residents, this trend might suggest a changing landscape in local economic activities and land use, wherein other sectors could be becoming more dominant.
Number of Mortgages by Occupancy Type in Nevada County, CA Over the Last 5 Years in Nevada County
The number of mortgages for investment properties and second residences in Nevada County, California, has shown volatility over the last five years, while principal residences dominate. For those looking to invest, the trend suggests variability in investment property mortgages, indicating shifting investor confidence or market conditions. Homebuyers and real estate agents may find the steady yet slight increase in second residence loans as indicative of a growing interest in vacation homes, reflecting desirability factors such as local amenities or climate. Appraisers and insurance agents should consider these shifts to better understand market demands and adjust valuations or policies accordingly. Noting changes in occupancy types provides insights into demographic and economic shifts that could impact long-term property values and local market stability.
Economic Outlook
Nevada County, CA has experienced a steady rise in average taxable income, climbing from $60,567.47 in 2013 to $104,053.09 in 2021, reflecting a robust economic environment. However, this economic growth comes with a marked increase in average state and local income taxes, soaring from $7,714.37 in 2012 to $26,708.94 by 2021, which could influence relocation and residency decisions. The pace of the rise in total tax liability, doubling from $9,786.76 in 2012 to $19,593.58 in 2021, suggests... Read more
Average Taxable Income per Tax Return in Nevada County, CA over the last 9 years
Over the past nine years, Nevada County, CA has seen a consistent increase in average taxable income, rising from $60,567.47 in 2013 to an impressive $104,053.09 in 2021. This upward trend indicates a robust economic environment, suggesting opportunities for investors and property developers. The significant jump in 2021 highlights the county's potential for yielding high returns, making it an attractive locale for new residents and businesses.
Average State and Local Income Taxes Per Tax Return in Nevada County, CA Over the Last 10 Years
Over the last decade, Nevada County, CA has seen a notable upward trend in average state and local income taxes per tax return, starting at $7,714.37 in 2012 and rising dramatically to $26,708.94 by 2021. This sharp increase, especially between 2018 and 2021, indicates a significant rise in tax burdens for residents, which could impact decisions for those considering moving to the area or those already living there. The nearly quadruple escalation might also reflect broader economic and policy changes affecting taxpayers in Nevada County.
Average Total Tax Liability Per Tax Return in Nevada County, CA Over the Last 10 Years
Over the past decade, Nevada County, California has seen a significant rise in the average total tax liability per tax return, increasing from $9,786.76 in 2012 to $19,593.58 in 2021. This upward trend indicates a growing financial burden for residents but also reflects the region’s increasing affluence and economic growth. Investors and potential residents should be aware of this trend as it highlights both the potential for higher property values and the necessity for strategic financial planning.
Cost of Living in Nevada County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,971 | $2,075 | $2,547 | $1,857 | $2,487 |
| 1 adult 4 children | $1,971 | $1,695 | $1,971 | $1,857 | $2,499 |
| 2 adults 3 children | $1,971 | $1,695 | $2,198 | $1,857 | $2,092 |
| 1 adult 3 children | $1,971 | $1,384 | $1,622 | $1,857 | $2,241 |
| 2 adults 2 children | $1,387 | $1,388 | $1,850 | $1,623 | $1,470 |
| 1 adult 2 children | $1,387 | $1,037 | $1,274 | $1,623 | $1,524 |
| 2 adults 1 child | $1,387 | $1,097 | $1,501 | $864 | $1,110 |
| 1 adult 1 child | $1,387 | $708 | $925 | $864 | $988 |
| 2 adults | $1,054 | $881 | $1,152 | $0 | $819 |
| 1 adult | $1,047 | $481 | $576 | $0 | $728 |
Safety trends & Data
Nevada County, California, has experienced a fluctuating trend in property crimes over the past five years, with burglary incidents peaking at 51 in 2018 and dropping significantly by 2021. Larceny-theft followed a similar pattern, plummeting from 82 incidents in 2018 to just 3 in 2021. Vandalism, however, remains a concern, having peaked at 84 incidents in 2019. Arson and motor vehicle theft have shown minimal volatility, staying relatively stable. For real estate professionals and potential... Read more
Property Crime Trends in Nevada County, CA Over the Last 5 Years
Nevada County, California, has seen a fluctuating trend in property crimes over the past five years. Burglary and larceny-theft appear to be the most frequent offenses, with burglary peaking at 51 incidents in 2018 and dropping significantly by 2021. Larceny-theft also saw a significant drop from 82 incidents in 2018 to just 3 in 2021. Vandalism remains a persistent issue, peaking at 84 incidents in 2019 before declining in subsequent years. Interestingly, arson and motor vehicle theft have shown less volatility, with arson incidents remaining relatively stable around the 5-incident mark. For investors, real estate professionals, and residents, these trends suggest a general decline in certain types of property crime, but ongoing vigilance, particularly regarding vandalism and burglary, is advisable.
Demographics
Nevada County, California, shows a slight gender balance skew with females marginally outnumbering males. The age distribution hints at a notable older population, with a significant portion aged 55 and above. Education levels show a considerable number with a bachelor’s degree but also a high quantity with some college but no degree. Racial demographics are predominantly white, with very small representations from other racial groups. These trends likely reflect an educated, aging population... Read more
Race Distribution in Nevada County, California (2022)
Educational Attainment in Nevada County, California (2022)
Age Distribution in Nevada County, California
Citizen Population in Nevada County, California (2022)
Political Trends & Data
In Nevada County, California, the real estate market might be influenced by its noticeable Democratic lean, with around 56% of votes in the 2020 U.S. Presidential Election favoring Democratic candidates. This trend could suggest that buyers and investors with certain political inclinations may find the area appealing. Additionally, the smaller but significant Republican base at approximately 41% indicates some degree of political diversity, which may also play a role in property demand and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Nevada County, California, the 2020 U.S. Presidential Election results suggest a clear leaning towards Democratic candidates, with approximately 56% of the votes. Republicans garnered around 41%, indicating a notable but smaller base of support. Minor parties like the Libertarians and the Green Party received marginal percentages, collectively under 2%, hinting at limited influence.
41.36% of voters voted for the Republican party in the 2020 Presidential Election
56.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.42% of voters voted for the Livertarian party in the 2020 Presidential Election
0.53% of voters voted for the Green party in the 2020 Presidential Election
0.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
Nevada County, California, has seen a significant shift in its school environment, with the student-to-teacher ratio dropping from an extreme 62:1 in 2014 to a more balanced range between 17 and 20 students per teacher from 2015 onwards. While still above the national average of 14:1, this trend could signal improvements in education quality, which is a crucial consideration for families. The data on class sizes could be insightful for investors, property developers, insurance agents,... Read more
Student-to-teacher ratio in Nevada County, California over the last 9 years
Over the past nine years, the student-to-teacher ratio in Nevada County, California, saw a drastic drop from an anomalous 62 students per teacher in 2014 to a more stable range between 17 and 20 students per teacher from 2015 onwards. This range is still above the national average of 14 students per teacher, which might indicate larger class sizes. Prospective investors and property developers might find this data valuable as it speaks to potential education quality and classroom environments. Additionally, families considering a move might weigh this factor against other quality-of-life metrics. Insurance agents and appraisers could also derive insights regarding community investment in education, which can be a proxy for general neighborhood desirability. Real estate agents might find this information pivotal in shaping narratives about the county's appeal to new residents.
