Nevada Real Estate and Livability Trends

Nevada's median home values have skyrocketed from $173,700 in 2015 to $373,800 in 2022, dramatically outpacing national growth rates. This could be attributed to escalating economic opportunities and an influx of new residents, making Nevada highly desirable for real estate investments. However, budding investors should be wary of the steep entry costs. The state's real estate taxes have also... nearly doubled in the past decade, suggesting increasing costs that could affect property valuations and insurance premiums. Additionally, there's been a notable fluctuation in Nevada's Residential Energy Tax Credit, with a peak at $4,045.92 in 2018, potentially reflecting changing consumer priorities towards energy efficiency. Lastly, the percentage of farm returns has steadily declined, hinting at potential struggles in the agricultural sector that could influence land use and future investment prospects. Read more

Nevada's average taxable income per tax return climbed from $58,813.90 in 2013 to $96,790.67 in 2021, suggesting a growing economy and increasing income levels. Meanwhile, average state and local income taxes per tax return soared from $14,348.61 in 2012 to $51,995.69 in 2021, hinting at rising incomes or potential tax rate hikes. Total tax liability per tax return also surged from approximately $11,012.78 in 2012 to around $19,250.09 in 2021, reflecting underlying economic shifts. These trends... could imply increasing property values and financial robustness, making Nevada appealing for both residents and real estate stakeholders. Read more

Nevada's property crime landscape has shown some intriguing shifts over recent years. While vandalism and arson have surged, with arson cases rising from 705.00 in 2019 to 836.00 in 2022, embezzlement has notably declined from 521.00 to 208.00 cases over the same period. Fraud also remains a persistent concern but has slightly decreased from a high of 6693.00 in 2019 to 5028.00 in 2022. Burglary has seen minor increases, climbing from 79.00 in 2018 to 153.00 in 2022, and motor vehicle theft has... dipped significantly from 370.00 in 2019 to 202.00 in 2022. These trends are particularly relevant for those evaluating investment opportunities, insurance policies, and community safety initiatives in Nevada. Read more

Nevada's adult population is almost evenly split between males and females, showing modest gender balance. Educational attainment illustrates a diverse landscape with a significant portion having completed high school or some college, though bachelor's and graduate degrees combined still represent a sizable segment. The age distribution suggests a relatively young population, with the largest age groups being between 25 and 44 years. Racially, Nevada shows considerable diversity, with White... residents making up the majority but notable proportions of Black, Asian, and other races contributing to the state's demographic mosaic. Read more

Nevada's 2020 U.S. Presidential Election results reflect a competitive political environment, with Democrats often slightly edging out Republicans. Libertarians and minor parties hold a minor but consistent presence, suggesting that even small voter shifts could significantly impact future elections. This balanced political landscape could influence various socio-economic policies, including real estate regulations and development... incentives. Read more

In Nevada, student-to-teacher ratios have fluctuated significantly over the past 14 years, varying from as low as 14 students per teacher in 2020 to around 24 in 2015. Such swings are crucial for those weighing educational quality in real estate decisions. Higher ratios may signal larger class sizes and less personalized attention for students, which could affect property values and desirability, especially for families focused on education. Real estate and insurance agents, as well as... builders, might need to consider these trends in their evaluations and planning. Read more