Storey County Real Estate and Livability Trends
In Storey County, Nevada, the average taxable income has climbed from $52,400.00 in 2013 to $77,866.51 by 2021, hinting at economic improvement that could attract new residents and investors. Home values also saw an upward trend, with median prices rising from $177,000 in 2015 to $297,800 in 2022, suggesting a promising market for buyers. The student-to-teacher ratio has been dynamic, peaking at... Read more
Storey County Market Trends
Storey County, Nevada has experienced a significant rise in home values, with median prices increasing from $177,000 in 2015 to $297,800 in 2022. Although lower than Nevada's state average of $373,800, this growth could indicate a promising trajectory for potential buyers and investors. Fluctuating residential energy tax credits peaked above $2,100 in 2016 and 2017, dropping to around $1,050 in... Read more
Median Value of Occupied Housing Units in Storey County, Nevada Over the Last 8 Years
Storey County, Nevada has seen a sharp increase in its median home values over the last 8 years, rising from $177,000 in 2015 to $297,800 in 2022. Compared to the broader trends, Nevada's statewide home values have been consistently higher, reaching $373,800 in 2022. Nationally, the median home value was significantly lower, standing at $179,400 in the same year. For investors or prospective homeowners, these figures suggest that Storey County might be on a robust growth trajectory, although it's still a more affordable option compared to the state average.
Residential Energy Tax Credit Per Tax Return in Storey County, NV Over the Last 8 Years
Storey County, Nevada has seen fluctuating residential energy tax credits over the past eight years, with noticeable peaks in 2016 and 2017, where the average credit per tax return exceeded $2,100. Subsequently, it dipped but showcased an uptick in 2021, reaching approximately $1,050. These trends could indicate varying factors such as changing energy policies, shifts in household energy investments, or adoption of renewable energy solutions. This data is crucial for potential investors, property developers, and real estate agents as it reflects varying incentives for energy-efficient home upgrades and could influence property values and market demand in the area.
Average Real Estate Taxes Per Tax Return in Storey County, NV Over the Last 10 Years
Storey County, Nevada has seen a notable increase in average real estate taxes per tax return over the last decade. This rise from around $2,189.66 in 2012 to approximately $3,173.33 in 2021 likely reflects broader economic trends impacting property values and taxation rates. The spike in 2019 to $3,357.89 and peak in 2020 at $3,656.25 could suggest significant developments in the area, possibly driven by new industry or residential growth. This trend might be of particular interest to investors, real estate agents, and those considering moving to or investing in property within Storey County, as it offers insight into the region's economic trajectory and property tax landscape.
Number of Mortgages by Occupancy Type in Storey County, NV Over the Last 5 Years in Storey County
In Storey County, Nevada, over the last five years, mortgage counts have predominantly favored principal residences, peaking at 580 in 2020. Investment properties and second residences have remained relatively low and consistent by comparison, with minor fluctuations year by year. Changes in occupancy type can be significant as they indicate shifts in housing demand and economic stability. For investors, a stable or increasing number of investment property mortgages could signal favorable conditions for rental or resale opportunities. Conversely, insurance agents might view a higher frequency of principal residence mortgages as indicative of lower turnover and potentially lower risk. Builders and real estate agents would take note of sustained interest in primary residences, informing development and sales strategies. For those living in or planning to move to Storey County, these trends suggest a strong inclination towards long-term settlement, impacting community dynamics and local services.
Economic Outlook
In Storey County, Nevada, the average taxable income per tax return has seen a notable rise from $52,400.00 in 2013 to $77,866.51 by 2021, hinting at improving economic conditions which could entice new residents and investors. Peaks in state and local income taxes, particularly the surge to $11,675.00 in 2017, highlight potential volatility in fiscal factors that may impact economic stability. Additionally, the consistent rise in average total tax liability—from roughly $7,051.77 in 2012 to... Read more
Average Taxable Income per Tax Return in Storey County, NV over the last 9 years
Over the past nine years, the average taxable income per tax return in Storey County, Nevada, has shown a generally upward trend, starting at $52,400.00 in 2013 and growing to $77,866.51 by 2021. This increase could indicate rising incomes and potentially improving economic conditions in the area, which might attract both residents and investors. Notably, periods of significant income growth, such as the jump between 2017 and 2018, as well as the steady climb from 2019 to 2021, could suggest enhanced opportunities for businesses and real estate development. The fluctuations in certain years may warrant closer inspection for evaluators and planners considering the overall economic stability and growth potential.
Average State and Local Income Taxes Per Tax Return in Storey County, NV Over the Last 9 Years
Storey County, Nevada has experienced fluctuating average state and local income taxes per tax return over the past nine years. Notable peaks were seen in 2015 at $7,566.67 and in 2017 when it skyrocketed to $11,675.00. While there’s been a general upward trend, significant variations point to potential volatility in municipal fiscal policies or economic variables in the area. For investors, property appraisers, and real estate agents, this variability suggests a careful review of historical data could be crucial in predicting future fiscal trends and assessing economic stability.
Average Total Tax Liability Per Tax Return in Storey County, NV Over the Last 10 Years
Storey County, Nevada has seen a notable increase in the average total tax liability per tax return over the past decade. Starting at approximately $7,051.77 in 2012, the value has gradually risen to about $12,300.55 by 2021. While there were some fluctuations, such as slight dips in 2019, the overall trend shows a steady rise, especially peaking between 2016 and 2017, where a significant jump to $11,555.15 occurred. These changes could be of interest when evaluating living costs, property investment potential, and overall economic trends in the county.
Cost of Living in Storey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,018 | $1,657 | $2,305 | $2,015 | $1,362 |
| 1 adult 4 children | $1,018 | $1,353 | $1,779 | $2,015 | $1,459 |
| 2 adults 3 children | $1,018 | $1,354 | $1,992 | $2,015 | $1,076 |
| 1 adult 3 children | $1,018 | $1,105 | $1,466 | $2,015 | $1,199 |
| 2 adults 2 children | $716 | $1,108 | $1,678 | $1,761 | $870 |
| 1 adult 2 children | $716 | $828 | $1,153 | $1,761 | $869 |
| 2 adults 1 child | $716 | $876 | $1,365 | $938 | $744 |
| 1 adult 1 child | $716 | $566 | $839 | $938 | $609 |
| 2 adults | $568 | $703 | $1,051 | $0 | $576 |
| 1 adult | $479 | $384 | $526 | $0 | $440 |
Safety trends & Data
Storey County, Nevada has had a mostly stable property crime landscape, with burglary incidents holding steady at one to three annually. Interestingly, vandalism saw an uptick in 2022 with four cases. While arson, forgery, and counterfeiting incidents are negligible, stolen property offenses stood out in 2019 and 2020, each with four reports. Larceny and theft remain a constant but manageable... Read more
Property Crime Trends in Storey County, NV Over the Last 5 Years
Storey County, Nevada has seen relatively low but slightly fluctuating property crime rates over the past five years. The highest concern appears to be burglary, with consistent incidents ranging from one to three per year. There's a notable increase in vandalism in 2022 with four reported cases. Although arson, forgery, and counterfeiting are minimal, incidents of stolen property offenses were notable, particularly in 2019 and 2020 with four cases each. Consistent occurrences of larceny and theft suggest ongoing but not alarming issues in this category.
Demographics
Storey County, Nevada's adult population in 2022 leaned slightly male-heavy, with a significant portion of its residents having at least some college education. The age distribution hints at an older demographic, with the largest groups being those aged 55-64 and 65-74 years, which could point to a retired or semi-retired community. Racially, the county is predominantly White, with very minor representation from other racial groups. This type of demographic makeup could impact local services,... Read more
Race Distribution in Storey County, Nevada (2022)
Educational Attainment in Storey County, Nevada (2022)
Age Distribution in Storey County, Nevada
Citizen Population in Storey County, Nevada (2022)
Political Trends & Data
Storey County, Nevada saw a notable Republican preference in the 2020 U.S. Presidential Election, with Republicans securing around 66% of the vote. Democrats fetched nearly 31% while minor parties, including Libertarians and the Green party, collectively captured about 2%. This significant lean towards the GOP might reflect the county's conservative demographics and prevailing political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Storey County, Nevada displayed a distinct preference for the Republican party in the 2020 U.S. Presidential Election, with approximately 66% of the vote, while Democrats garnered close to 31%. Libertarians and other minor parties, including the Green party, collectively held a minimal share of roughly 2%. The stark tilt towards the Republican party could indicate the county's conservative leanings, possibly influenced by local demographics or prevailing political sentiments.
66.28% of voters voted for the Republican party in the 2020 Presidential Election
31.38% of voters voted for the Democrat party in the 2020 Presidential Election
1.19% of voters voted for the Livertarian party in the 2020 Presidential Election
1.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Storey County, Nevada has seen its student-to-teacher ratios fluctuate, peaking at nearly 17 students per teacher in 2018 and dropping to 11 in 2021 before rising to over 15 in 2023. With the national average at 14, these changes could influence perceptions of educational quality. Lower ratios might indicate more individualized attention and potentially boost local property values, while higher ratios may hint at resource strains, impacting community... Read more
Student-to-teacher ratio in Storey County, Nevada over the last 9 years
Storey County, Nevada has experienced fluctuating student-to-teacher ratios over the past nine years, notably peaking at nearly 17 in 2018 before dropping to about 11 in 2021 and rising again to over 15 in 2023. Compared to the current US national average of 14 students per teacher, Storey County has seen periods of more favorable ratios, though recent years indicate a higher student load per teacher. These shifts in student-to-teacher ratios hold significance for those considering educational quality as a factor in investment, relocation, or property development decisions. Lower ratios may imply more individualized attention for students, potentially enhancing educational outcomes and, subsequently, local property values. Conversely, higher ratios may suggest resource strain, affecting perceptions of school quality and community desirability.
