Mineral County Real Estate and Livability Trends
Mineral County, Nevada has generally seen an upward trend in average taxable income per tax return from 2013 to 2021, suggesting a more affluent population that could influence property values and insurance risk assessments. Home values have risen significantly from $83,800 in 2015 to $153,400 in 2022, though still lagging behind state and national trends, indicating affordability and potential... Read more
Mineral County Market Trends
Mineral County, Nevada has experienced a noticeable rise in home values, from $83,800 in 2015 to $153,400 in 2022, although it still lags behind state and national trends. With Nevada's home values soaring from $173,700 to $373,800 in the same period, Mineral County could present growth opportunities for investors and first-time buyers aiming for affordability. On the energy tax credit front, the... Read more
Median Value of Occupied Housing Units in Mineral County, Nevada Over the Last 8 Years
While Mineral County, Nevada, has shown a significant rise in median home values from $83,800 in 2015 to $153,400 in 2022, it still remains well below the state and national averages. Interestingly, Nevada's median home values surged from $173,700 in 2015 to $373,800 in 2022, while the national figures climbed from $125,500 to $179,400 over the same period. This discrepancy could suggest potential for growth in Mineral County as it catches up, presenting opportunities for investors and first-time homebuyers looking for more affordable options within a state experiencing robust property value increases.
Residential Energy Tax Credit Per Tax Return in Mineral County, NV Over the Last 2 Years
Mineral County, Nevada has seen a notable decrease in residential energy tax credits per tax return over the last two years, dropping from an average of $266.67 in 2013 to approximately $166.67 in 2014. This trend might suggest changing homeowner behavior or adjustments in energy-efficient home improvements and investments. Real estate agents, appraisers, and those planning property developments should consider this potential shift in energy-efficient incentives when evaluating property values and future investments.
Average Real Estate Taxes Per Tax Return in Mineral County, NV Over the Last 10 Years
Mineral County, Nevada has seen fluctuating real estate taxes per tax return over the past decade, with amounts generally hovering between $1,400.00 and $2,375.00. Notable peaks occurred in 2013 and 2020, showing a possible 24.6% increase from 2015 to 2016 followed by a slight decline in succeeding years. The data suggests that while the county is experiencing some volatility, real estate taxes have generally trended upwards, signaling potential increases in property values or shifts in tax policies, which could be relevant for investors, appraisers, and those considering building or purchasing property in the area. For insurance agents and real estate professionals, understanding this trend could be crucial for advising clients accurately.
Percentage of Farm Returns in Mineral County, NV Over the Last 3 Years
In Mineral County, Nevada, the percentage of farm tax returns has slightly declined over the past three years, from approximately 1.06% in 2015 to about 1.01% in 2021. Farm tax returns reflect the portion of tax filings attributable to farm income, providing insight into the agricultural sector's contribution to the local economy. This trend might suggest a marginal decrease in farm-related financial activity or a shift in the local economic landscape, possibly impacting prospective investors and property builders considering the viability and growth of agribusiness in the area.
Number of Mortgages by Occupancy Type in Mineral County, NV Over the Last 5 Years in Mineral County
In Mineral County, Nevada, mortgage activities over the last five years indicate a fluctuating yet generally increasing trend for primary residences, with notable peaks in 2021 at 194 mortgages. Investment properties saw more consistency except for a notable spike to 18 in 2021. Second residences remained relatively constant but marginal. Changes in occupancy type are crucial for investors and real estate agents; high primary residence mortgages suggest stable community demand, which could drive property values up and affect appraisals. Insurance agents might see varying risk profiles, especially with the surge in investment properties. Additionally, this data can inform development strategies for builders looking to target the right market segments.
Economic Outlook
Over the last nine years, Mineral County, Nevada has generally seen an upward trend in average taxable income per tax return, moving from $41,273.71 in 2013 to $54,991.19 in 2021. The increasing taxable income hints at a potentially more affluent population, which could be important for appraisers when estimating property values and insurance agents assessing risk. Real estate agents might find the upward trajectory suggests a growing demand for housing and opportunities in new property... Read more
Average Taxable Income per Tax Return in Mineral County, NV over the last 9 years
Over the last nine years, Mineral County, Nevada has generally seen an upward trend in average taxable income per tax return, moving from $41,273.71 in 2013 to $54,991.19 in 2021. This growth implies increased economic activity and rising incomes, which could be attractive for potential investors and homebuyers considering the area. The increasing taxable income also signals a potentially more affluent population, important for appraisers and insurance agents when estimating property values and assessing risk. For real estate agents, the upward trajectory might suggest a growing demand for housing and opportunities in new property developments.
Average Total Tax Liability Per Tax Return in Mineral County, NV Over the Last 10 Years
Average total tax liability per tax return in Mineral County, Nevada, has shown a fluctuating yet generally increasing trend over the last decade. From $5,068.49 in 2012 to $6,454.14 in 2021, the data reveals a peak in 2020 at $6,326.39. Such variations might suggest changing economic conditions or varying income levels, which can be significant for prospective investors, developers, and real estate agents looking to gauge the fiscal landscape of the area. The gradual increase in tax liability could indicate a growing economy but also potentially higher costs of living or increased local taxes that stakeholders should consider.
Cost of Living in Mineral County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,579 | $1,464 | $2,163 | $1,341 | $1,226 |
| 1 adult 4 children | $1,579 | $1,195 | $1,675 | $1,341 | $1,375 |
| 2 adults 3 children | $1,579 | $1,196 | $1,867 | $1,341 | $1,000 |
| 1 adult 3 children | $1,579 | $976 | $1,378 | $1,341 | $1,132 |
| 2 adults 2 children | $1,116 | $979 | $1,571 | $1,163 | $776 |
| 1 adult 2 children | $1,116 | $731 | $1,082 | $1,163 | $771 |
| 2 adults 1 child | $1,116 | $774 | $1,274 | $585 | $728 |
| 1 adult 1 child | $1,116 | $500 | $785 | $585 | $596 |
| 2 adults | $848 | $622 | $978 | $0 | $593 |
| 1 adult | $746 | $339 | $489 | $0 | $483 |
Safety trends & Data
Mineral County, Nevada has experienced significant fluctuations in property crime over the past five years, with notable spikes in vandalism and fraud. Both categories peaked in 2019, hitting seven and six reported cases, respectively. More recently, 2022 saw a sharp rise in offenses related to stolen property, totaling 13 incidents. These crime trends could be crucial for anyone involved in real estate or property appraisal, particularly when considering insurance risks or potential impacts on... Read more
Property Crime Trends in Mineral County, NV Over the Last 5 Years
Mineral County, Nevada has seen notable fluctuations in property crime over the past five years. Vandalism and fraud have consistently shown spikes, especially in 2019 when both hit their highest with seven and six reported cases respectively. Recently in 2022, a sharp rise in offenses related to stolen property emerged, with 13 incidents. For those interested in real estate or appraising in the area, these trends could be vital, particularly when assessing risks for insurance or potential impacts on property values.
Demographics
Mineral County, Nevada, exhibits a slightly higher female adult population compared to males, suggesting potential implications for community services and healthcare. Educational attainment reveals a substantial portion of individuals with a high school diploma or some college education, while fewer attain higher degrees. Age distribution skews toward older demographics, with a noticeable number of residents aged 65 and above, which could influence local policies and amenities for senior... Read more
Race Distribution in Mineral County, Nevada (2022)
Educational Attainment in Mineral County, Nevada (2022)
Age Distribution in Mineral County, Nevada
Citizen Population in Mineral County, Nevada (2022)
Political Trends & Data
Mineral County, Nevada, exhibited a pronounced preference for the Republican Party in the 2020 U.S. Presidential Election, with the GOP possibly taking about 61% of the vote. Democrats seemed to have around 35% support, with third parties making minimal impacts at just over 3%. This trend could reflect a conservative-leaning voter base while still maintaining a notable minority for... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mineral County in Nevada showed a strong leaning towards the Republican Party in the 2020 U.S. Presidential Election, with Republicans possibly securing around 61% of the vote. Democrats appeared to garner roughly 35%, indicating a significant, though lesser, level of support. Libertarians and other parties had minimal impact, collectively capturing potentially just over 3% of the vote. This distribution might suggest a predominantly conservative voter base, with Democrats maintaining a notable minority presence.
61.02% of voters voted for the Republican party in the 2020 Presidential Election
35.41% of voters voted for the Democrat party in the 2020 Presidential Election
1.50% of voters voted for the Livertarian party in the 2020 Presidential Election
2.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Mineral County, Nevada has seen significant fluctuations over the past nine years, with a low of six students per teacher in 2019 and a peak of nearly 40 students per teacher in 2023. Such extreme variances may be concerning for potential property investors, real estate agents, and families, given that high ratios could indicate either an influx of students or a teacher shortage, affecting education quality and community appeal. Conversely, lower ratios could... Read more
Student-to-teacher ratio in Mineral County, Nevada over the last 9 years
Over the past nine years, the student-to-teacher ratio in Mineral County, Nevada has exhibited considerable fluctuations. From a ratio slightly above the national average of 14 students per teacher in 2014, it has swung dramatically, sinking to rates as low as six students per teacher in 2019, and spiking to nearly 40 students per teacher in 2023. These extreme variances may pose challenges for prospective property investors, real estate agents, and families considering a move to the area. High ratios could imply either a surge in student numbers or a shortage of teaching staff, both of which might affect local education quality and community appeal. Lower ratios, while generally favorable for individualized student attention, might suggest under-enrollment or better hiring rates, basically reflecting dynamic socioeconomic factors impacting the county.
