Washoe County Real Estate and Livability Trends
Washoe County, Nevada's average taxable income per tax return has nearly doubled since 2013, growing from $63,884.85 to $132,244.31 by 2021, reflective of a robust local economy. Home values in the county have soared from $213,100 in 2015 to $460,000 in 2022, outpacing state and national averages, while real estate taxes rose significantly, reaching $7,051.49 in 2021. Property crime rates have... Read more
Washoe County Market Trends
Washoe County's home values have surged from $213,100 in 2015 to $460,000 in 2022, outpacing Nevada's and the national averages. This rapid growth hints at unique market pressures and significant appreciation potential. Furthermore, the county saw a dramatic rise in average real estate taxes, from $3,403.06 in 2012 to $7,051.49 in 2021, especially after 2017, suggesting increasing property values... Read more
Median Value of Occupied Housing Units in Washoe County, Nevada Over the Last 8 Years
Washoe County's median home values have dramatically increased from $213,100 in 2015 to $460,000 in 2022, outpacing both Nevada's state average, which grew from $173,700 to $373,800, and the U.S. average, which climbed from $125,500 to $179,400 during the same period. This rapid growth suggests Washoe County may be experiencing unique market pressures, making it an interesting area for real estate investments or homebuyers seeking significant appreciation potential.
Residential Energy Tax Credit Per Tax Return in Washoe County, NV Over the Last 9 Years
Over the span of nine years, Washoe County, Nevada has seen marked changes in the average residential energy tax credit per tax return, peaking notably in 2018 with an impressive $4780.88. This substantial fluctuation, especially the high in 2018 followed by a significant drop and then a stabilized range between $1882.23 and $2373.21 in recent years, could hint at periods of increased residential energy investments or incentive shifts. For potential investors, homeowners, and real estate professionals, understanding these trends can offer valuable insights into the county's evolving energy efficiency landscape and potential financial benefits.
Average Real Estate Taxes Per Tax Return in Washoe County, NV Over the Last 10 Years
Over the past decade, Washoe County, Nevada has seen a notable increase in average real estate taxes per tax return, growing from $3,403.06 in 2012 to $7,051.49 in 2021. This growth indicates a robust escalation, especially after 2017 when the average jumped significantly. For investors, real estate agents, and new residents, this trend suggests increasing property values and possibly growing public service investments. The sharp rise in taxes from 2017 to 2018 may merit further investigation but could correlate with economic developments or policy changes in the area.
Percentage of Farm Returns in Washoe County, NV Over the Last 10 Years
Over the last decade, Washoe County, Nevada has seen a slight downturn in the percentage of farm tax returns, starting at roughly 0.24% in 2012 and gradually decreasing to approximately 0.17% by 2021. Farm tax returns, which indicate the presence of agricultural activity and its economic impact, can provide valuable insights for investors, potential residents, and developers. This trend possibly reflects shifts in land use or economic priorities, signaling to those interested in the region that agriculture might be becoming a smaller part of the local economy.
Number of Mortgages by Occupancy Type in Washoe County, NV Over the Last 5 Years in Washoe County
Washoe County, Nevada has seen notable fluctuations in mortgage counts over the past five years, with principal residence mortgages consistently leading. The number of investment property mortgages peaked in 2021 before seeing a decline in 2022, whereas second residence mortgages have remained relatively low and decreased steadily. For investors and builders, recognizing surges in principal residences could indicate a growing demand for primary housing, suggesting opportunities in residential construction and sales. Appraisers and insurance agents might find these trends useful in adjusting valuation models and risk assessment criteria. Moreover, understanding occupancy trends can help real estate agents and prospective buyers make more informed decisions based on shifts in housing needs and market dynamics.
Economic Outlook
Washoe County, Nevada has witnessed a sharp increase in average taxable income per tax return, nearly doubling from $63,884.85 in 2013 to $132,244.31 by 2021. This robust income growth suggests a thriving local economy and heightened appeal for investors and homebuyers. Additionally, state and local income taxes have surged, especially post-2018, possibly reflecting economic shifts or prospering sectors. The upward trend in total tax liability, alongside periodic spikes, may indicate rising... Read more
Average Taxable Income per Tax Return in Washoe County, NV over the last 9 years
Washoe County, Nevada has shown a consistent upward trend in average taxable income per tax return over the past nine years, with figures increasing from around $63,884.85 in 2013 to approximately $132,244.31 in 2021. This nearly doubling of income levels could be indicative of a growing economy and desirability in the area, which might appeal to potential investors or homebuyers. Such income growth can also impact property values, insurance premiums, and the overall business landscape, making it a key consideration for real estate agents, appraisers, and developers.
Average State and Local Income Taxes Per Tax Return in Washoe County, NV Over the Last 10 Years
Washoe County, Nevada has seen a notable increase in state and local income taxes per tax return over the past decade, with figures jumping from around $20,866.84 in 2012 to approximately $64,652.36 by 2021. This upward trend, particularly the sharp rise from 2018 onwards, could suggest a growing local economy or changes in tax legislation impacting residents and businesses. Significant spikes in latter years hint at possible economic shifts or booming sectors driving higher incomes, which may be of interest to real estate agents, investors, and financial planners assessing the regional market's potential. Such data can also inform appraisers and insurance agents evaluating property values and risk.
Average Total Tax Liability Per Tax Return in Washoe County, NV Over the Last 10 Years
The average total tax liability per tax return in Washoe County, Nevada has generally seen an upward trend over the last decade, with figures ranging from approximately $13,349.92 in 2013 to around $28,370.83 in 2021. Notable spikes occurred in 2020 and 2021, which could suggest significant economic or demographic shifts. This pattern might indicate increasing property values and a potentially strong economic environment, which is essential for prospective investors, real estate agents, and appraisers evaluating the area's market dynamics. Those planning to move to or invest in Washoe County should consider these trends as they reflect the broader financial landscape.
Cost of Living in Washoe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,255 | $1,657 | $1,807 | $2,163 | $1,662 |
| 1 adult 4 children | $2,255 | $1,353 | $1,395 | $2,163 | $1,816 |
| 2 adults 3 children | $2,255 | $1,354 | $1,561 | $2,163 | $1,408 |
| 1 adult 3 children | $2,255 | $1,105 | $1,149 | $2,163 | $1,590 |
| 2 adults 2 children | $1,586 | $1,108 | $1,316 | $1,899 | $1,030 |
| 1 adult 2 children | $1,586 | $828 | $903 | $1,899 | $1,108 |
| 2 adults 1 child | $1,586 | $876 | $1,070 | $1,044 | $877 |
| 1 adult 1 child | $1,586 | $566 | $658 | $1,044 | $827 |
| 2 adults | $1,257 | $703 | $825 | $0 | $659 |
| 1 adult | $1,061 | $384 | $412 | $0 | $531 |
Safety trends & Data
Washoe County, Nevada boasts a promising trend in property crime reduction over the past five years. Burglary arrests plummeted from 855 in 2018 to just 208 in 2022. Larceny-theft also saw a decrease from 1,172 in 2018 to 697 in 2022, and motor vehicle theft dropped from 308 to 97 during the same period. Although vandalism arrests increased slightly and the possession of stolen property had an uptick, the overall decline in major property crimes suggests enhanced security measures or heightened... Read more
Property Crime Trends in Washoe County, NV Over the Last 5 Years
Washoe County, Nevada has seen a general decline in property crimes over the past five years. Notably, burglary arrests dropped significantly from 855 in 2018 to just 208 in 2022. Larceny-theft also decreased from 1,172 in 2018 to 697 in 2022. Motor vehicle theft showed a sharp decline from 308 in 2018 to 97 in 2022. Meanwhile, embezzlement and fraud figures indicate some fluctuation, but with relatively lower numbers compared to other property crimes. Vandalism arrests increased slightly from 361 in 2018 to 455 in 2022, while the possession of stolen property showed a rising trend, peaking at 352 arrests in 2022. This context suggests improved security measures or community vigilance could be influencing these trends, highlighting potential lower risk for new residents and investors.
Demographics
Washoe County, Nevada's adult population is almost evenly split between males and females. Educational attainment shows a substantial portion of residents have some college education or higher, with notable numbers holding bachelor's or graduate degrees. Age distribution highlights a significant young adult population, particularly those between 25 to 34 years old. Racially, the county is predominantly White, but there is considerable diversity with notable Asian, African American, and other... Read more
Race Distribution in Washoe County, Nevada (2022)
Educational Attainment in Washoe County, Nevada (2022)
Age Distribution in Washoe County, Nevada
Citizen Population in Washoe County, Nevada (2022)
Political Trends & Data
Washoe County, Nevada saw a close race in the 2020 U.S. Presidential Election, with Democrats receiving roughly 50.80% of the vote compared to Republicans' 46.30%. Smaller parties like the Libertarians and 'Other' candidates collectively pulled in around 2.90%, suggesting a slight yet notable presence of third-party interest. These figures indicate a competitive political climate where major party dominance isn't completely uncontested, potentially setting the stage for interesting future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washoe County, Nevada saw a close race in the 2020 U.S. Presidential Election, with Democrats receiving roughly 50.8% of the vote compared to Republicans' 46.3%. Smaller parties like the Libertarians and 'Other' candidates collectively pulled in around 2.9% of the vote, suggesting a slight yet notable presence of third-party interest. These figures indicate a competitive political climate where major party dominance isn't completely uncontested, potentially setting the stage for interesting future electoral dynamics.
46.30% of voters voted for the Republican party in the 2020 Presidential Election
50.82% of voters voted for the Democrat party in the 2020 Presidential Election
1.40% of voters voted for the Livertarian party in the 2020 Presidential Election
1.48% of voters voted for the Other party in the 2020 Presidential Election
School Data
Washoe County, Nevada's student-to-teacher ratio has seen significant changes over the past nine years, starting from around 19 students per teacher in 2014, dropping to roughly 15 in 2021, then rising to 18 in 2023. These figures are generally higher compared to the national average of 14 students per teacher. This trend might suggest potential challenges in classroom sizes and educational quality, crucial factors for real estate agents and investors assessing the region's appeal and growth... Read more
Student-to-teacher ratio in Washoe County, Nevada over the last 9 years
Washoe County, Nevada has seen fluctuations in its student-to-teacher ratio over the past nine years, starting at around 19 students per teacher in 2014 and dropping to a low of approximately 15 per teacher in 2021, before rising again to 18 in 2023. These ratios tend to be notably higher than the current national average of 14 students per teacher. For those looking to move to or invest in the area, this trend might signify potential challenges in classroom sizes and education quality. These details could be pivotal for real estate agents, appraisers, and investors in gauging the attractiveness and growth potential of the region, and for families considering the educational environment for their children.
