Eureka County Real Estate and Livability Trends
Eureka County, Nevada offers intriguing investment prospects due to noticeable economic growth, with average taxable incomes rising from $57,668.75 in 2013 to $68,696.20 by 2021 and a peak in 2020. Real estate values also surged, jumping from $93,100 in 2015 to $177,400 in 2022, although still more affordable than state and national averages. The area's lower property crime rates and favorable... Read more
Eureka County Market Trends
Eureka County, Nevada has seen substantial fluctuations in median home values, rising from $93,100 in 2015 to $177,400 in 2022, though still below Nevada’s average of $373,800 and the national median of $179,400. This sharp growth hints at a lucrative investment opportunity, suggesting the county's increasing desirability. Real estate taxes have also shown a rising trend, moving from $1,314.29... Read more
Median Value of Occupied Housing Units in Eureka County, Nevada Over the Last 8 Years
Over the last eight years, Eureka County, Nevada has experienced substantial fluctuations in median home values, from $93,100 in 2015 to a notable increase in 2022 at $177,400. While these values are significantly lower compared to Nevada’s state average of $373,800 in 2022, and also below the national median of $179,400, the rapid growth in recent years suggests a potentially lucrative opportunity for realistic investment. This spike implies that Eureka County may be catching up in desirability, making it an intriguing prospect for those looking to invest, move to, or build property in the region.
Average Real Estate Taxes Per Tax Return in Eureka County, NV Over the Last 7 Years
Over the past seven years, average real estate taxes per tax return in Eureka County, Nevada, have shown notable fluctuations, from a low of approximately $1,314.29 in 2013 to a high near $1,950.00 in 2020. Tax trends generally indicate a rising pattern, which might suggest increased property values or changes in tax rates. This information could be particularly relevant for potential investors, real estate agents, and current homeowners who may want to factor in these tax trends when making financial decisions.
Percentage of Farm Returns in Eureka County, NV Over the Last 10 Years
Eureka County, Nevada has seen some fluctuations in farm tax returns over the last decade. Starting at approximately 10.71% in 2012, the percentage rose to 12.20% by 2014 before experiencing a dip to 10.67% in 2015. The trend generally shows a slight increase, peaking at 12.66% in 2019. Farm tax returns here can be indicative of the agricultural economic climate and provide insights into property values and potential investment opportunities. For anyone looking to invest in property or establish an agricultural business, these trends might suggest a stable yet dynamic farming sector in the area.
Number of Mortgages by Occupancy Type in Eureka County, NV Over the Last 5 Years in Eureka County
Eureka County, Nevada, has seen notable fluctuations in the mortgage landscape over the past five years, with a clear dominance of principal residence mortgages. For instance, in 2021, there was a peak of 85 mortgages for principal residences, reflecting a significant interest in primary home ownership. Conversely, second residences and investment properties remain relatively rare, possibly indicating a less speculative real estate market. These occupancy trends are crucial for investors, appraisers, and real estate agents, as they suggest a stable, family-oriented community that may attract those seeking long-term residence over short-term gains. Insurance agents and developers can also leverage this steady demand for primary housing when tailoring their offerings and projects.
Economic Outlook
Eureka County, Nevada has experienced a general uptick in average taxable income, moving from $57,668.75 in 2013 to $68,696.20 in 2021, peaking in 2020 at $70,903.57. This suggests a healthier economic environment and could be enticing for potential investors and real estate professionals. Meanwhile, fluctuations in average total tax liabilities, such as the peak at $11,055.00 in 2016 and a notable rebound in 2020 to $10,806.15 after a dip in 2019, might indicate unique economic or policy... Read more
Average Taxable Income per Tax Return in Eureka County, NV over the last 9 years
Eureka County, Nevada has experienced noticeable fluctuations in average taxable income per tax return over the last nine years, showing a general upward trend from $57,668.75 in 2013 to $68,696.20 in 2021. The peak in 2020 at $70,903.57 indicates potential economic activity or investments that could interest potential investors and real estate agents. This rising average income can suggest a healthier economic environment, which might influence decisions for those looking to build property, move, or invest in the area.
Average Total Tax Liability Per Tax Return in Eureka County, NV Over the Last 10 Years
Eureka County, Nevada has seen fluctuating average total tax liabilities per tax return over the past decade, with a notable peak in 2016 at $11,055.00. While there was a dip in 2019 to $8,601.56, the numbers rebounded significantly in 2020 to $10,806.15. Such variability could suggest unique economic conditions or policy influences affecting local taxpayers. Potential investors, developers, and real estate agents may find these trends insightful for understanding the financial landscape and planning their investments accordingly.
Cost of Living in Eureka County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,579 | $1,504 | $2,163 | $1,677 | $1,423 |
| 1 adult 4 children | $1,579 | $1,228 | $1,675 | $1,677 | $1,582 |
| 2 adults 3 children | $1,579 | $1,229 | $1,867 | $1,677 | $1,176 |
| 1 adult 3 children | $1,579 | $1,003 | $1,378 | $1,677 | $1,339 |
| 2 adults 2 children | $1,116 | $1,006 | $1,571 | $1,455 | $917 |
| 1 adult 2 children | $1,116 | $751 | $1,082 | $1,455 | $932 |
| 2 adults 1 child | $1,116 | $795 | $1,274 | $734 | $794 |
| 1 adult 1 child | $1,116 | $513 | $785 | $734 | $699 |
| 2 adults | $848 | $639 | $978 | $0 | $641 |
| 1 adult | $746 | $348 | $489 | $0 | $525 |
Safety trends & Data
Eureka County, Nevada's property crime rates have been relatively low over the past three years, with notable fluctuations. 2018 saw three burglary incidents and one forgery, while 2019 had only one vandalism report. In 2020, there was a slight uptick with one burglary and one fraud incident. This variable but overall low crime level could offer some reassurance to potential investors or... Read more
Property Crime Trends in Eureka County, NV Over the Last 3 Years
Eureka County, Nevada has experienced relatively low property crime rates over the past three years, with a few notable fluctuations. In 2018, burglary and forgery topped the charts with three and one incidents respectively while larceny-theft also recorded one occurrence. Fast forward to 2019, and vandalism was the sole reported property crime with one incident. 2020 saw a slight uptick again in burglary and fraud, each recording an incident. This data suggests a generally low but varied level of property crime that potential investors or residents might find reassuring, albeit with some spikes in different crime categories year-to-year.
Demographics
Eureka County, Nevada's adult population is pretty balanced between males and females. The majority of residents have at least a high school education, though only a small fraction hold graduate or professional degrees. Given the age distribution, there seems to be a significant senior population aged 55 and over. Racially, the county is predominantly white, with very few residents identifying as Black, Asian, or other non-white races. These insights can help tailor community services and... Read more
Race Distribution in Eureka County, Nevada (2022)
Educational Attainment in Eureka County, Nevada (2022)
Age Distribution in Eureka County, Nevada
Citizen Population in Eureka County, Nevada (2022)
Political Trends & Data
Eureka County, Nevada's real estate market is likely shaped by its conservative political climate, which leans heavily toward Republican values. This dynamic might be contributing to less volatility in property values and more stable, long-term investments as opposed to areas with varied political landscapes. Given that Libertarians and other third-party candidates received minimal support, the market trends might favor policies that encourage rural development over urban... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Republicans generally dominated the 2020 presidential election in Eureka County, Nevada, with a significant portion of the votes, while Democrats received relatively minimal support. Libertarians and other third-party candidates made up only a small fraction of the votes. The political landscape in this county tends to lean heavily towards conservative values, reflecting broader trends in rural Nevada.
88.00% of voters voted for the Republican party in the 2020 Presidential Election
10.32% of voters voted for the Democrat party in the 2020 Presidential Election
0.60% of voters voted for the Livertarian party in the 2020 Presidential Election
1.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
Eureka County, Nevada, shows a student-to-teacher ratio much lower than the national average, peaking at twelve students per teacher in 2018 and dipping to five by 2021. This significant trend might indicate more individualized attention in classrooms, a potential draw for families prioritizing education when buying homes. Real estate agents and appraisers could view this as a selling point, possibly correlating with higher property values and lower risk... Read more
Student-to-teacher ratio in Eureka County, Nevada over the last 9 years
Over the last nine years, Eureka County, Nevada, has seen fluctuations in its student-to-teacher ratio, peaking at twelve students per teacher in 2018 and dropping to a low of five in 2021. While the national average in the United States typically hovers around fourteen students per teacher, Eureka County's ratios have consistently remained well below this figure. This could be a significant consideration for families evaluating the quality of education, as a lower student-to-teacher ratio might imply more individualized attention for students. Moreover, real estate agents and prospective homebuyers might find these figures appealing when discussing the benefits of educational environments in the area. On the flip side, appraisers and insurance agents may factor in these stats when assessing property valuations and risk profiles, as quality education often correlates with higher property values and reduced risks.
