Clark County Real Estate and Livability Trends
Clark County, Nevada has seen dramatic shifts in its real estate market. Median home values more than doubled from $170,400 in 2015 to $368,800 in 2022, far outpacing national trends. There's a marked increase in residential energy tax credits, indicating a rise in energy-efficient upgrades, peaking at $4,012.76 in 2018 and stabilizing around $3,409.30 by 2021. Real estate taxes nearly doubled... Read more
Clark County Market Trends
In Clark County, Nevada, the median home value more than doubled from $170,400 in 2015 to $368,800 in 2022, closely mirroring statewide trends but far outpacing national increases. The average residential energy tax credit also surged, peaking at $4,012.76 in 2018 before settling around $3,409.30 in 2021, suggesting a rise in energy-efficient home upgrades. Real estate taxes nearly doubled over... Read more
Median Value of Occupied Housing Units in Clark County, Nevada Over the Last 8 Years
In the last eight years, Clark County, Nevada, has experienced a dramatic increase in median home values, jumping from $170,400 in 2015 to $368,800 in 2022. Compared to the state of Nevada's growth, which saw median values rise from $173,700 to $373,800 in the same period, Clark County's trends closely align with state averages. However, both surpass national figures, where home values increased from $125,500 to $179,400. This substantial climb may signify robust market conditions and potential positive equity gains, making Clark County an appealing option for investors, homebuyers, and developers aiming to tap into a dynamic housing market.
Residential Energy Tax Credit Per Tax Return in Clark County, NV Over the Last 9 Years
Clark County, Nevada has seen notable fluctuations in the average residential energy tax credit per tax return over the past nine years. From a low of $801.14 in 2013, there was a significant surge to $4012.76 in 2018, followed by a slight decrease but relatively high averages around $3409.30 by 2021. This trend could suggest increasing investments in energy-efficient home upgrades, enhanced rebate programs, or broader adoption of renewable energy sources in residential properties. These shifts are certainly of interest to potential investors, insurance agents, real estate agents, and current residents who may benefit from or need to consider the implications of energy-efficient home improvements.
Average Real Estate Taxes Per Tax Return in Clark County, NV Over the Last 10 Years
Over the last decade, real estate taxes in Clark County, Nevada, have seen significant increases. In 2012, the average real estate tax per return was around $2,597.81, but by 2021, this figure had jumped to approximately $5,146.78. The most notable spikes occurred between 2017 and 2018, where the average tax surged from $3,075.62 to $4,160.80, and continued to rise, almost doubling over the ten-year period. These trends could potentially impact investment decisions and the cost of property ownership in the area, making it essential for prospective buyers and real estate professionals to keep abreast of the tax landscape in Clark County.
Percentage of Farm Returns in Clark County, NV Over the Last 10 Years
Farm tax returns in Clark County, Nevada, have exhibited a slight downward trend over the last decade. Starting at approximately 0.093% in 2012, the returns have dipped to around 0.062% by 2021, with minor fluctuations. For those considering investments or new agricultural ventures in the county, this pattern might indicate a gradually decreasing agricultural activity or profitability. These observations can play a crucial role in risk assessment for potential investors or developers, providing insight into the economic viability of agribusiness in the region.
Number of Mortgages by Occupancy Type in Clark County, NV Over the Last 5 Years in Clark County
The trends in Clark County, Nevada, reveal varying levels of mortgage activity for different occupancy types over the last five years. Principal Residences consistently dominate mortgage counts, suggesting stable owner-occupier demand. Notably, Investment Properties and Second Residences show fluctuations, with Investment Properties peaking in 2021 but declining thereafter. These shifts can indicate changing investor confidence and possible economic factors affecting market conditions. For investors, developers, and real estate agents, understanding these trends is key to anticipating market movements, assessing property values, and making informed decisions. Appraisors and insurance agents might find these patterns useful for risk assessment and valuation purposes. Changes in occupancy types provide insight into the region's economic health and residential stability, potentially impacting long-term property investment strategies.
Economic Outlook
Clark County, Nevada has seen substantial growth in average taxable income per tax return, leaping from $58,382.06 in 2013 to $90,643.88 by 2021. This likely indicates economic growth and higher earning power, enticing to investors and those eyeing relocation. However, there’s a catch—average state and local income taxes skyrocketed from $12,876.12 in 2012 to $50,926.52 by 2021, suggesting that while incomes are rising, so are living costs. This dynamic could affect property appraisals and... Read more
Average Taxable Income per Tax Return in Clark County, NV over the last 9 years
Clark County, Nevada has seen a notable increase in average taxable income per tax return over the past nine years. From $58,382.06 in 2013, the average income climbed to a significant $90,643.88 by 2021. This upward trend highlights potential economic growth and increased earning power in the region, making it an appealing prospect for investors, real estate agents, and individuals considering relocation. Such data may also influence property appraisals and insurance rates, as higher average incomes can correlate with property values and coverage needs.
Average State and Local Income Taxes Per Tax Return in Clark County, NV Over the Last 10 Years
Over the past decade, Clark County, Nevada has seen a significant increase in average state and local income taxes per tax return. Starting at $12,876.12 in 2012, the amount surged to $50,926.52 by 2021. The most notable jumps occurred from 2019 to 2020 and 2020 to 2021, indicating a steep rise in tax liabilities recently. For potential investors and property developers, this trend could imply a growing local economy, yet higher costs of living which may impact business planning and affordability. Real estate agents and appraisers should take this into account when evaluating property values, as higher taxes could affect market dynamics and client decisions.
Average Total Tax Liability Per Tax Return in Clark County, NV Over the Last 10 Years
Over the past decade, Clark County, Nevada has experienced fluctuations in the average total tax liability per tax return, which has generally trended upward. Starting from $10,509.83 in 2012, there was a gradual increase peaking sharply at $17,848.25 in 2021. Notably, the years 2016 through 2021 saw consistent increases, suggesting potential economic growth or changes in tax policies impacting residents. This trend may interest investors, real estate agents, or potential residents as it illustrates a significant increase in tax liabilities which could influence affordability, cost of living, and overall economic conditions in the area.
Cost of Living in Clark County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,071 | $1,476 | $1,584 | $2,259 | $1,412 |
| 1 adult 4 children | $2,071 | $1,205 | $1,222 | $2,259 | $1,604 |
| 2 adults 3 children | $2,071 | $1,206 | $1,369 | $2,259 | $1,200 |
| 1 adult 3 children | $2,071 | $984 | $1,007 | $2,259 | $1,402 |
| 2 adults 2 children | $1,457 | $987 | $1,153 | $1,981 | $896 |
| 1 adult 2 children | $1,457 | $737 | $792 | $1,981 | $971 |
| 2 adults 1 child | $1,457 | $780 | $938 | $1,074 | $781 |
| 1 adult 1 child | $1,457 | $504 | $577 | $1,074 | $708 |
| 2 adults | $1,212 | $627 | $723 | $0 | $584 |
| 1 adult | $1,046 | $342 | $361 | $0 | $499 |
Safety trends & Data
Clark County, Nevada's property crime landscape has seen various shifts, with larceny-theft peaking at 5,125 incidents in 2019 before declining to 4,051 in 2022. Motor vehicle thefts nearly doubled from 353 incidents in 2019 to 662 in 2022. A spike in arson during 2020 and 2021, along with a steady rise in embezzlement from 2018 to 2019, suggests economic distress or operational risks that are essential for professionals assessing property values and... Read more
Property Crime Trends in Clark County, NV Over the Last 5 Years
Clark County, Nevada has witnessed nuanced shifts in property crime trends over the last five years, with notable fluctuations in various crime categories. Larceny-theft consistently tops the list, but there's been a noticeable decline from a peak of 5,125 incidents in 2019 to 4,051 incidents in 2022. Meanwhile, motor vehicle thefts have been on the rise, jumping from 353 occurrences in 2019 to 662 in 2022. The spikes in arson, particularly in 2020 and 2021, and a steady increase in embezzlement between 2018 and 2019 indicate potential economic distress or operational vulnerabilities that investors and stakeholders should be aware of. These trends are pivotal for appraisers, real estate agents, and other professionals assessing risk and property values in the region.
Demographics
Clark County, Nevada, presents a nearly balanced gender ratio with 766,408 males and 767,160 females. Interestingly, the highest tier of educational attainment most frequently reported is a high school diploma or equivalent, though a significant share has some college experience without a degree. Age-wise, the populace skews younger, with a substantial portion falling between 25 to 34 years old. In terms of racial composition, the county is predominantly White, though it also has notable Asian... Read more
Race Distribution in Clark County, Nevada (2022)
Educational Attainment in Clark County, Nevada (2022)
Age Distribution in Clark County, Nevada
Citizen Population in Clark County, Nevada (2022)
Political Trends & Data
Clark County, Nevada's real estate market might be influenced by a trend towards progressive political inclinations, mirrored by the 2020 U.S. Presidential Election where about 54% of the vote favored the Democratic party. This political shift could be indicative of broader demographic changes within the county, potentially impacting future housing policies and urban development projects. It's interesting to consider how these evolving voting patterns might ripple through the local real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Clark County, Nevada, the 2020 U.S. Presidential Election showed a notable leaning towards the Democratic party with approximately 54% of the vote, compared to about 44% for the Republican party. The Libertarian party garnered slightly less than 1%, and other parties collectively made up just over 1%. This shift suggests Clark County might be experiencing a gradual trend towards more progressive political inclinations, reflecting broader demographic changes and possibly influencing future elections in the state.
44.31% of voters voted for the Republican party in the 2020 Presidential Election
53.66% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
1.13% of voters voted for the Other party in the 2020 Presidential Election
School Data
Clark County, Nevada has consistently shown higher student-to-teacher ratios than the national average, with figures fluctuating between 20 to 23 students per teacher since 2014. This trend peaked in 2021, reaching 23 students per teacher. Higher ratios may hint at challenges in classroom management and individualized student support, potentially influencing family relocation decisions, educator job prospects, and investment choices regarding property... Read more
Student-to-teacher ratio in Clark County, Nevada over the last 9 years
Clark County, Nevada has experienced fluctuations in its student-to-teacher ratio over the past nine years, generally maintaining numbers above the national average of 14 students per teacher. Since 2014, the ratio has varied from a low of around 20 to a high of 23, peaking in 2021 at 23 students per teacher. These higher-than-average figures could indicate potential challenges in classroom management and individual student support, which might influence decisions by families considering relocation, educators evaluating job prospects, or investors assessing the educational infrastructure's impact on property values.
