Lincoln County Real Estate and Livability Trends
Lincoln County, Nevada's economic landscape features a rise in average taxable income from $47,134.27 in 2013 to $62,908.57 in 2021, potentially boosting property values and influencing appraisals and insurance. With median home values at $171,800 in 2022, the area remains attractive for budget-conscious buyers compared to Nevada's average of $373,800. There’s a marked upward trend in real... Read more
Lincoln County Market Trends
In Lincoln County, Nevada, median home values have steadily risen and hit $171,800 in 2022, staying below the state average of $373,800. This makes the area potentially appealing for budget-conscious buyers and new investors. Residential energy tax credits have shown volatility, reaching an impressive high of $1,850.00 in 2021, suggesting substantial opportunities for energy-efficient home... Read more
Median Value of Occupied Housing Units in Lincoln County, Nevada Over the Last 8 Years
Lincoln County, Nevada has experienced a relatively steady rise in median home values over the past eight years, with a significant jump to $160,600 in 2021 and $171,800 in 2022. This growth, while impressive, still places the county below the Nevada state average, which soared to $373,800 in 2022. Nationally, the median home value increased to $179,400 during the same period. Given these trends, Lincoln County might present a more affordable investment opportunity compared to the state and national figures, making it an appealing option for new investors or those looking for more budget-friendly real estate alternatives.
Residential Energy Tax Credit Per Tax Return in Lincoln County, NV Over the Last 4 Years
Lincoln County, Nevada has seen significant fluctuations in the average residential energy tax credit per tax return over the last few years. Starting at approximately $366.67 in 2013, it peaked at $450.00 in 2015 before dropping to $250.00 in 2016. By 2021, there was a remarkable increase to $1,850.00. These variations suggest evolving energy efficiency incentives and spending, hinting at potential opportunities for those investing in property upgrades or looking to maximize tax benefits through energy-efficient home improvements.
Average Real Estate Taxes Per Tax Return in Lincoln County, NV Over the Last 10 Years
Lincoln County, Nevada, has seen a gradual but steady increase in average real estate taxes per tax return over the past decade. From $1,862.79 in 2012 to $2,644.44 in 2021, the rising trend could be indicative of growing property values or shifts in tax policy. This upward trajectory may be a key consideration for investors, homeowners, and real estate professionals assessing the area's financial climate. Appraisers and insurance agents would also benefit from these insights as they reflect on potential implications for property valuations and coverage costs.
Percentage of Farm Returns in Lincoln County, NV Over the Last 10 Years
Lincoln County, Nevada has seen its farm tax returns hover between 4.72% and 6.51% over the past decade. These numbers might suggest a generally stable but modest farming sector. Investors or potential property developers could view this as an indicator of the agricultural stability in the area, which might appeal to those interested in rural investments or farm-based ventures. For residents or those looking to move here, it’s a hint that farming, while present, isn't the dominant industry, contributing to a balanced local economy.
Number of Mortgages by Occupancy Type in Lincoln County, NV Over the Last 5 Years in Lincoln County
Over the past five years in Lincoln County, Nevada, principal residences consistently dominate mortgage counts, with investment and second residences trailing markedly behind. This trend could indicate a stable, family-oriented community potentially attractive to new residents and investors monitoring local real estate dynamics. A changing mix in occupancy types may suggest evolving market demands or shifting economic factors, which could impact property valuations and insurance rates. Those looking to invest, move, or engage in the local real estate market should consider how these shifts reflect the area's growth and desirability.
Economic Outlook
Lincoln County, Nevada has seen a steady rise in average taxable income per tax return from $47,134.27 in 2013 to $62,908.57 in 2021. This upward trend signals potential economic growth and could lead to higher property values, affecting appraisals and insurance premiums. Average state and local income taxes have shown variability, notably jumping from $1,550.00 in 2015 to $3,933.33 in 2016, hinting at instability in tax burdens. Total tax liability per tax return has also increased from around... Read more
Average Taxable Income per Tax Return in Lincoln County, NV over the last 9 years
Over the last nine years, Lincoln County, Nevada has seen a noteworthy rise in average taxable income per tax return, climbing from $47,134.27 in 2013 to $62,908.57 in 2021. This trending increase is particularly significant for investors, property developers, and real estate agents, signaling potential economic growth and a possible uptick in property values. Higher average incomes could also impact appraisals and insurance premiums, making Lincoln County an intriguing possibility for those in insurance and appraisal professions.
Average State and Local Income Taxes Per Tax Return in Lincoln County, NV Over the Last 3 Years
Over the last three years, Lincoln County, Nevada has seen fluctuations in average state and local income taxes per tax return. In 2015, the taxes were relatively low at $1,550.00, but there was a significant jump to $3,933.33 in 2016, followed by a slight decrease to $3,766.67 in 2017. This variability suggests potential instability in tax burdens, which might interest investors, real estate professionals, and those considering building property in the area. It’s important for stakeholders to consider these trends when evaluating the financial landscape of Lincoln County.
Average Total Tax Liability Per Tax Return in Lincoln County, NV Over the Last 10 Years
Over the past decade, Lincoln County, Nevada has seen fluctuations in average total tax liability per tax return, peaking in recent years. Notably, the average liability rose from approximately $5,682.73 in 2012 to $7,367.59 in 2021, signaling an overall upward trend. The significant jumps in 2020 and 2021 might suggest rising incomes or increased taxable events. This trend is vital for investors, real estate agents, and those considering relocating to gauge the economic health and possible financial considerations in Lincoln County.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,306 | $1,424 | $2,163 | $1,226 | $1,052 |
| 1 adult 4 children | $1,306 | $1,163 | $1,675 | $1,226 | $1,187 |
| 2 adults 3 children | $1,306 | $1,163 | $1,867 | $1,226 | $852 |
| 1 adult 3 children | $1,306 | $949 | $1,378 | $1,226 | $946 |
| 2 adults 2 children | $923 | $952 | $1,571 | $1,079 | $695 |
| 1 adult 2 children | $923 | $711 | $1,082 | $1,079 | $658 |
| 2 adults 1 child | $923 | $752 | $1,274 | $600 | $671 |
| 1 adult 1 child | $923 | $486 | $785 | $600 | $542 |
| 2 adults | $701 | $604 | $978 | $0 | $548 |
| 1 adult | $617 | $330 | $489 | $0 | $448 |
Safety trends & Data
Property crime trends in Lincoln County, Nevada show a fluctuating landscape, with notable drops in burglary incidents in 2019 followed by a spike in 2020. Fraud cases increased consistently, while larceny-theft remained stable. Crimes involving the possession of stolen property declined from 2018 to 2020. These shifts could impact property values, insurance premiums, and investment decisions within the county. Monitoring these trends is essential for assessing risk and opportunities in the... Read more
Property Crime Trends in Lincoln County, NV Over the Last 3 Years
Property crime trends in Lincoln County, Nevada over the past three years reveal a fluctuating landscape. Burglary incidents saw a notable drop in 2019, followed by a spike in 2020. Fraud cases showed an increasing pattern, while larceny-theft remained relatively stable. Interestingly, crimes involving the possession of stolen property declined from 2018 to 2020. These shifts in property crime rates could significantly impact property values, insurance premiums, and investment decisions within the county. Stakeholders should closely monitor these trends to better assess risk and opportunities in Lincoln County's real estate and business sectors.
Demographics
Lincoln County, Nevada shows a slightly higher male population compared to females. The educational attainment data reflect a strong focus on high school graduates, though fewer residents hold higher education degrees like bachelor's or graduate degrees. Age distribution indicates a notable population in the working-age bracket, particularly between 35 and 64 years. Racial demographics are predominantly White, with small percentages of other races; there's an absence of Asian... Read more
Race Distribution in Lincoln County, Nevada (2022)
Educational Attainment in Lincoln County, Nevada (2022)
Age Distribution in Lincoln County, Nevada
Citizen Population in Lincoln County, Nevada (2022)
Political Trends & Data
Lincoln County, Nevada, presents a real estate market that may be influenced by its strong political leaning towards conservative values, as roughly 85% of the votes in the 2020 U.S. Presidential Election were Republican. Potential residents might take this into consideration, as it could impact local policies, community culture, and even the types of amenities that thrive. This conservative tilt can subtly shape the demand for properties and the nature of neighborhood... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lincoln County, Nevada, the 2020 U.S. Presidential Election results pointed to a strong Republican presence, with roughly 85% of votes. Democrats captured a much smaller share, around 13%, while other parties, including Libertarians, collectively garnered minimal support. This suggests a notable political leaning towards conservative values in this county.
84.51% of voters voted for the Republican party in the 2020 Presidential Election
13.49% of voters voted for the Democrat party in the 2020 Presidential Election
0.70% of voters voted for the Livertarian party in the 2020 Presidential Election
1.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lincoln County, Nevada's student-to-teacher ratio has varied significantly over the past nine years, from a low of about 10 in 2016 and 2021 to nearly 15 in 2023. This latest figure surpasses the national average of 14, which might affect class sizes and individual student attention. These shifts could point to changes in population, funding, or policies, offering key insights for investors, real estate agents, and prospective residents evaluating the area’s educational... Read more
Student-to-teacher ratio in Lincoln County, Nevada over the last 9 years
Lincoln County, Nevada has experienced fluctuations in student-to-teacher ratios over the last nine years, ranging from a low of around 10 in 2016 and 2021 to a high of nearly 15 in 2023. This variation could signal shifts in local population dynamics, educational funding, or policy changes. Notably, the most recent ratio of approximately 15 students per teacher in 2023 is above the national average of 14, suggesting potential impacts on class sizes and individualized attention for students. Such information would interest potential investors, real estate agents, prospective residents, and educational planners considering the quality and capacity of local schools.
