Carson City Real Estate and Livability Trends
Carson City, Nevada’s real estate market reveals fascinating trends. Median home values have skyrocketed from $186,000 in 2015 to $390,800 in 2022, outpacing both national and state averages, which could be enticing for both investors and homeowners. Significant increases in average taxable income and total tax liabilities suggest an economically viable environment but also hint at rising... Read more
Carson City Market Trends
Carson City, Nevada’s housing market has exhibited a notable increase in median home values, rising from $186,000 in 2015 to $390,800 in 2022—outpacing both national and state averages. Adjustable residential energy tax credits, especially the spike to $3,560.00 in 2018, underline potential perks for sustainable energy investments. Furthermore, real estate taxes per return have almost doubled... Read more
Median Value of Occupied Housing Units in Carson City, Nevada Over the Last 8 Years
Carson City has seen a significant upward trend in median home values over the past eight years, rising from $186,000 in 2015 to $390,800 in 2022. This growth outpaces both the national and Nevada state averages, with the national median home value increasing from $125,500 to $179,400 and Nevada's median increasing from $173,700 to $373,800 over the same period. Potential investors, homebuyers, or developers might find this attractive, indicating a strong and increasing demand for housing in the area.
Residential Energy Tax Credit Per Tax Return in Carson City, NV Over the Last 9 Years
Carson City, Nevada has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. Notably, 2018 experienced a dramatic spike, with the average credit soaring to $3,560.00, compared to the relatively consistent figures of previous years. This volatility may be of interest to potential investors and property developers focused on sustainable energy investments. For insurance agents and appraisers, understanding these trends could be crucial when evaluating property values and potential savings for residents engaging in energy-efficient home improvements. Real estate agents might use this data to inform clients about potential financial incentives for adopting green technologies.
Average Real Estate Taxes Per Tax Return in Carson City, NV Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Carson City, Nevada, have notably increased, with values starting at approximately $2,455.06 in 2012 and reaching around $4,604.91 by 2021. The most significant jumps can be observed between 2017 and 2018, where the taxes increased by roughly $1,030.24, and again from 2019 to 2020, showing an upsurge of about $475.62. This trend is crucial for potential investors, current property owners, and real estate stakeholders to monitor as it reflects on the area's changing fiscal landscape and possible future financial planning for property taxes.
Percentage of Farm Returns in Carson City, NV Over the Last 10 Years
Carson City, Nevada has seen a general decline in the percentage of farm tax returns over the past decade, dropping from approximately 0.19% in 2012 to around 0.15% in 2021. Farm tax returns, reflecting revenue reported from farming operations, are a key indicator of the agricultural economic activity in the region. This downward trend might suggest a shift away from farming or a reduction in farm profitability, potentially impacting decisions related to investment, property development, and residency in the area.
Number of Mortgages by Occupancy Type in Carson City, NV Over the Last 5 Years in Carson City
Carson City, Nevada has seen fluctuations in mortgage counts over the past five years, with a notable emphasis on principal residences dominating the market. Investment properties have shown a decrease in numbers from 304 in 2021 to 172 in 2022, while second residences count has remained relatively low and stable. The significant downturn in principal residence mortgages, from 4444 in 2021 to 2328 in 2022, could indicate a cooling housing market or shifting buyer priorities. For investors, this trend may suggest a potentially less competitive environment for acquiring investment properties. Similarly, shifts in the occupancy type distribution can impact future property valuations and insurance requirements, as different occupancy types carry unique risk profiles and yield potentials. Real estate agents and developers can leverage this data to better tailor their strategies to meet the current demand, while those looking to move to Carson City may find more investment opportunities due to lower competition in certain property types.
Economic Outlook
Carson City, Nevada's average taxable income per tax return has surged from about $47,409.31 in 2013 to $79,887.23 in 2021, highlighting increasing economic viability. Despite state and local income taxes experiencing notable spikes, especially around 2017 and 2018, these trends still suggest a supportive economic environment for investment. Significant rises in total tax liabilities from $9,480.35 in 2019 to $12,759.06 in 2021 might reflect changing tax structures or rising incomes, indicating... Read more
Average Taxable Income per Tax Return in Carson City, NV over the last 9 years
Carson City, Nevada has seen a notable increase in average taxable income per tax return over the past nine years, moving from approximately $47,409.31 in 2013 to $79,887.23 in 2021. This upward trend suggests a growing economic viability for potential investors, developers, and real estate agents. Elevated income levels could imply stronger consumer spending and thereby offer favorable conditions for business growth and property investments. For those considering moving to or already residing in the area, the increased average income may reflect enhanced social and economic opportunities.
Average State and Local Income Taxes Per Tax Return in Carson City, NV Over the Last 10 Years
Carson City, Nevada has seen significant fluctuations in average state and local income taxes per tax return over the past decade. Starting at $8,004.44 in 2012, there's been an upward trend reaching $16,703.33 in 2021. Significant spikes, such as in 2017 and 2018, highlight potential policy changes or economic factors influencing tax burdens. This data suggests a rising cost of living for residents, which may impact those considering investment or relocation. Real estate and financial professionals should factor in these trends when advising clients, as the increasing tax rates could affect property values, insurance premiums, and overall market dynamics.
Average Total Tax Liability Per Tax Return in Carson City, NV Over the Last 10 Years
Over the last decade, Carson City, Nevada has seen a notable upward trend in average total tax liability per tax return, with an especially sharp increase between 2019 and 2021, jumping from approximately $9,480.35 to $12,759.06. This surge could signal rising incomes or changing tax structures, critical for investors, real estate agents, and prospective residents to consider. The increases in tax liabilities reflect economic shifts that might affect property values and living costs, necessitating careful financial planning for those involved in the county's real estate and insurance sectors.
Cost of Living in Carson City
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,809 | $1,524 | $2,305 | $1,766 | $1,390 |
| 1 adult 4 children | $1,809 | $1,245 | $1,779 | $1,766 | $1,521 |
| 2 adults 3 children | $1,809 | $1,245 | $1,992 | $1,766 | $1,141 |
| 1 adult 3 children | $1,809 | $1,017 | $1,466 | $1,766 | $1,280 |
| 2 adults 2 children | $1,273 | $1,019 | $1,678 | $1,542 | $863 |
| 1 adult 2 children | $1,273 | $761 | $1,153 | $1,542 | $872 |
| 2 adults 1 child | $1,273 | $806 | $1,365 | $810 | $769 |
| 1 adult 1 child | $1,273 | $520 | $839 | $810 | $645 |
| 2 adults | $980 | $647 | $1,051 | $0 | $591 |
| 1 adult | $851 | $353 | $526 | $0 | $480 |
Safety trends & Data
Carson City, Nevada has seen fluctuating property crime trends over the past five years. Burglary incidents notably dropped from 122 in 2018 to 28 in 2021, while larceny-theft showed more moderate declines. Vandalism arrests, however, spiked from 24 in 2019 to 69 in 2022. Incidents of embezzlement and arson have remained low with minor changes. These shifts in property crime could influence property values and insurance premiums, and are worth monitoring by investors and real estate... Read more
Property Crime Trends in Carson City, NV Over the Last 5 Years
The property crime landscape in Carson City, Nevada over the past five years shows fluctuating trends. While burglary incidents significantly declined from 122 in 2018 to 28 in 2021, larceny-theft, though also on a downward trend, experienced more moderate decreases. Interestingly, vandalism arrests saw a sharp increase from 24 in 2019 to 69 in 2022. Notably, incidents of embezzlement and arson have remained relatively low, with minor variations. Investors and real estate stakeholders should pay attention to these changes in property crime, as they can impact property values and insurance premiums.
Demographics
Carson City, Nevada's adult population reveals a greater number of males compared to females. The educational attainment levels vary, with a notable portion having some college experience but no degree, while fewer possess graduate or professional degrees. The age distribution shows a larger presence of middle-aged residents, particularly those aged 55 to 64 years. Racially, the city is predominantly white, though there's modest diversity with small percentages of African American, Asian, and... Read more
Race Distribution in Carson City, Nevada (2022)
Educational Attainment in Carson City, Nevada (2022)
Age Distribution in Carson City, Nevada
Citizen Population in Carson City, Nevada (2022)
Political Trends & Data
In Carson City, Nevada, the 2020 U.S. Presidential Election results suggest a conservative leaning, with around 54% of the votes going to the Republican party. Democrats, capturing close to 43%, represent a significant but lesser progressive presence. The remaining 3% of the vote went to Libertarian and other third-party candidates, highlighting some interest in alternatives to the major... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Carson City, Nevada, the 2020 U.S. Presidential Election results seemingly lean towards the Republican party with approximately 54% of the votes, suggesting a prevailing conservative inclination in this county. Democrats garnered close to 43%, indicating a substantial but smaller progressive presence. The Libertarian party and various other independent or third-party candidates collectively secured around 3%, reflecting a minimal yet existent interest in alternatives to the major parties.
54.18% of voters voted for the Republican party in the 2020 Presidential Election
42.82% of voters voted for the Democrat party in the 2020 Presidential Election
1.45% of voters voted for the Livertarian party in the 2020 Presidential Election
1.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
Carson City, Nevada has seen significant changes in its student-to-teacher ratio over the past nine years, fluctuating from over eighteen students per teacher in 2014, peaking near nineteen in 2016, dropping to fourteen in 2019, and rising back to eighteen in 2023. With ratios generally above the national average of fourteen, these trends might sway investment decisions, suggesting larger class sizes that could affect educational quality. Real estate agents, developers, and potential residents... Read more
Student-to-teacher ratio in Carson City, Nevada over the last 9 years
Over the past nine years, the student-to-teacher ratio in Carson City, Nevada has exhibited notable fluctuations. Starting at over eighteen students per teacher in 2014, it peaked at nearly nineteen in 2016 before dropping to a low of fourteen in 2019. More recent data shows a rise back to eighteen students per teacher in 2023. These ratios, generally above the national average of fourteen students per teacher, may influence investment decisions, as higher ratios can suggest larger class sizes which might impact educational quality. For real estate agents, developers, and potential residents, understanding these trends could shape perceptions about the local education system's capacity and effectiveness.
