Nye County Real Estate and Livability Trends
Nye County, Nevada has seen a steady rise in average taxable incomes from $45,834.30 in 2013 to $63,255.06 in 2021, hinting at economic growth. Property taxes nearly doubled, reflecting the area's increasing property values and economic potential. Median home values went from $105,900 in 2015 to $235,500 in 2022, suggesting appreciation opportunities yet still trailing behind the state average.... Read more
Nye County Market Trends
Nye County, Nevada has seen its median home values almost double in eight years, rising from $105,900 in 2015 to $235,500 in 2022, although still lagging behind the state average. Notably, residential energy tax credits in the area have surged, peaking at $4,534.78 in 2019, hinting at increasing trends towards energy efficiency. These factors could be compelling for both investors and families... Read more
Median Value of Occupied Housing Units in Nye County, Nevada Over the Last 8 Years
Over the past eight years, median home values in Nye County, Nevada have surged from $105,900 in 2015 to $235,500 in 2022. This robust growth rate outpaces both the national trend where median values rose from $125,500 to $179,400 and the statewide increase in Nevada from $173,700 to $373,800. While still lower than Nevada’s overall median, Nye County’s property market appears to be catching up, making it an intriguing area for investors eyeing potential growth or families seeking more affordable housing within the state.
Residential Energy Tax Credit Per Tax Return in Nye County, NV Over the Last 9 Years
Nye County, Nevada has seen fluctuating but generally increasing residential energy tax credits over the past nine years, peaking at $4,534.78 in 2019. The substantial rise from $777.78 in 2013 suggests a growing investment in energy-efficient home upgrades or installations. This trend could be an indicator of rising home values, making the area potentially more attractive to investors, insurance agents, and appraisers. Real estate agents and potential homeowners might find this of interest as it hints at a community that's increasingly prioritizing sustainable living solutions.
Average Real Estate Taxes Per Tax Return in Nye County, NV Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Nye County, Nevada have seen a noticeable upward trend, starting at $1,771.23 in 2012 and rising to $3,292.71 by 2021. The most significant jumps occurred post-2017, especially between 2017 and 2018, where taxes spiked by roughly $800.00. Despite a slight dip in 2019, the overall trajectory suggests a steady increase in property tax burdens, a critical consideration for prospective homebuyers, real estate investors, and property developers. This trend might be indicative of rising property values and investments in the area, but it's also a factor for insurance agents and appraisers to weigh in their evaluations and quotes.
Percentage of Farm Returns in Nye County, NV Over the Last 10 Years
The percentage of farm tax returns in Nye County, Nevada has seen a consistent decline over the last 10 years. Starting at approximately 0.72% in 2012, it decreased to around 0.45% by 2021. For anyone looking to invest, move to, or build property in Nye County, this downward trend might indicate shifting agricultural dynamics and possibly a reduction in farming activity. Farm tax returns typically reflect the portion of income generated from farming operations, so a decline could signal reduced profitability in farming sectors or a structural shift towards other economic activities.
Number of Mortgages by Occupancy Type in Nye County, NV Over the Last 5 Years in Nye County
Nye County, Nevada has shown significant fluctuations in mortgage counts across different occupancy types over the last five years, particularly in Principal Residence mortgages which peaked in 2021 at 5,459 mortgages before declining to 3,428 in 2022. Investment Property mortgages also saw a rise in 2021 but dropped in 2022. These trends are pivotal for investors and real estate agents as they reflect shifting demands and market health, while appraisers and insurance agents can use this data to assess risk and property values. Changes in occupancy type can signal broader economic conditions or shifts in population dynamics, important for anyone looking to invest in or move to the area.
Economic Outlook
Nye County, Nevada has experienced a steady increase in average taxable incomes, growing from $45,834.30 in 2013 to $63,255.06 in 2021, hinting at economic resilience and potential investment opportunities. State and local income taxes have also risen significantly, from $4,265.22 in 2012 to a peak of $10,276.47 in 2020, which might affect disposable income and cost of living considerations. Additionally, the average total tax liability climbed from $6,262.20 in 2012 to $9,024.02 in 2021,... Read more
Average Taxable Income per Tax Return in Nye County, NV over the last 9 years
Nye County, Nevada has seen notable fluctuations in average taxable income per tax return over the last nine years, with a general upward trend. Starting from $45,834.30 in 2013, the average taxable income rose steadily, peaking at $63,255.06 in 2021. This steady increase could potentially indicate economic growth and improving financial stability within the county, which may attract investors, potential residents, and developers. Additionally, the rising income levels might influence insurance and real estate market behaviors, making it a key metric for professionals evaluating the area's economic climate.
Average State and Local Income Taxes Per Tax Return in Nye County, NV Over the Last 10 Years
Over the past decade in Nye County, Nevada, average state and local income taxes per tax return have exhibited significant growth, starting at $4,265.22 in 2012 and peaking at $10,276.47 in 2020. This upward trend, albeit with some fluctuations, suggests a growing fiscal pressure on residents and could impact disposable income levels. For potential property investors, real estate professionals, or those considering a move, this data might be useful in evaluating the overall cost of living and long-term financial planning. Additionally, appraisers and insurance agents might find this trend relevant when assessing property values and risk assessments.
Average Total Tax Liability Per Tax Return in Nye County, NV Over the Last 10 Years
Nye County, Nevada has seen a notable increase in average total tax liability per tax return over the past decade, with figures rising from $6,262.20 in 2012 to $9,024.02 in 2021. This upward trend may reflect economic growth or rising property values in the area, which could be appealing to real estate investors and developers. For appraisers and insurance agents, this steady climb underscores the potential for higher property values and perhaps increased demand for coverage. Those considering moving to or investing in Nye County might view these trends as indicative of a thriving, economically strengthening community.
Cost of Living in Nye County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,402 | $1,399 | $1,569 | $1,326 | $880 |
| 1 adult 4 children | $1,402 | $1,143 | $1,216 | $1,326 | $1,015 |
| 2 adults 3 children | $1,402 | $1,143 | $1,354 | $1,326 | $712 |
| 1 adult 3 children | $1,402 | $933 | $1,000 | $1,326 | $808 |
| 2 adults 2 children | $1,066 | $936 | $1,138 | $1,163 | $616 |
| 1 adult 2 children | $1,066 | $699 | $785 | $1,163 | $590 |
| 2 adults 1 child | $1,066 | $740 | $923 | $634 | $603 |
| 1 adult 1 child | $1,066 | $478 | $569 | $634 | $505 |
| 2 adults | $810 | $594 | $707 | $0 | $488 |
| 1 adult | $713 | $324 | $354 | $0 | $416 |
Safety trends & Data
Property crime in Nye County, Nevada, has shown notable trends over the last five years. Burglary rates spiked from just 10 incidents in 2018 to 42 in 2021 but decreased to 35 by 2022. Fraud cases peaked in 2019 with 41 instances and dramatically dropped to 7 by 2021, hinting at a possible crackdown or change in reporting. Embezzlement and arson exhibited sporadic changes but remained low overall. Knowing these trends can help investors and builders assess areas of stability and risk for more... Read more
Property Crime Trends in Nye County, NV Over the Last 5 Years
Property crime in Nye County, Nevada, shows interesting patterns over the last five years. While burglary rates spiked from 10 incidents in 2018 to 42 in 2021, they saw a relative drop to 35 by 2022. There has been a tangible fluctuations in fraud cases, peaking in 2019 with 41 cases and dramatically dropping to 7 cases in 2021, suggesting a possible crackdown or change in reporting. Embezzlement and arson showed more sporadic changes, with notable peaks and valleys but generally staying low in absolute numbers. For potential investors and builders, understanding these trends can provide insight into areas of stability and risk, guiding better decision-making.
Demographics
Nye County, Nevada's adult population is roughly evenly split between males and females. An intriguing detail is the significant portion of adults who only have a high school diploma or some college education without a degree, which might suggest a need for enhanced educational resources. The age demographic skews older, with the largest groups being those 55-64 and 65-74, indicating a potentially high demand for senior services and healthcare. The racial composition is predominantly White,... Read more
Race Distribution in Nye County, Nevada (2022)
Educational Attainment in Nye County, Nevada (2022)
Age Distribution in Nye County, Nevada
Citizen Population in Nye County, Nevada (2022)
Political Trends & Data
In Nye County, Nevada, the real estate market may be influenced by its strong conservative leaning, with approximately 69% of voters supporting the Republican party in the 2020 U.S. Presidential Election. This political climate might attract buyers with similar ideologies, potentially shaping community dynamics and preferences. On the other hand, the roughly 29% Democrat base hints at a diverse mix of viewpoints, which could appeal to a wider range of potential residents. Third-party influence... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Nye County, Nevada, the 2020 U.S. Presidential Election saw approximately 69% of voters supporting the Republican party, perhaps suggesting strong conservative leaning in this area. Democrats garnered close to 29%, indicating a significant, albeit smaller, base. The Libertarian and other minor parties collectively achieved just over 2% of the vote, which might imply limited third-party influence.
69.07% of voters voted for the Republican party in the 2020 Presidential Election
28.72% of voters voted for the Democrat party in the 2020 Presidential Election
0.96% of voters voted for the Livertarian party in the 2020 Presidential Election
1.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
Nye County, Nevada's student-to-teacher ratio has notably fluctuated, peaking at roughly 30 students per teacher in 2023, far exceeding the national average of about 14. However, it dipped to as low as 13 in 2019 and 2020, possibly indicating temporary success in reducing class sizes. These changes can impact educational quality, which may influence families' relocation decisions and attract attention from real estate agents, investors, and planners analyzing the area's long-term appeal and... Read more
Student-to-teacher ratio in Nye County, Nevada over the last 9 years
Nye County, Nevada has seen significant fluctuations in its student-to-teacher ratio over the last nine years. The ratio peaked at roughly 30 students per teacher in 2023, in stark contrast to the national average of about 14 students per teacher. It dipped to as low as 13 students per teacher in both 2019 and 2020, which could suggest initiatives to reduce class sizes were temporarily successful before the spike. This varying ratio can impact educational quality and may influence decisions for families considering moving to the area, as well as real estate agents, investors, and planners looking at the potential long-term appeal and demographic shifts within the county.
