Nevada

The population of Nevada is estimated to be 2.799 million people (2016). Since 2010, it has increased by 98,085 people (approximately 3.6%). Neighboring states have the following population: currently, 2.903 million people live in Utah (5% population growth since 2010), 1.617 million live in Idaho (3.1 % growth compared with the data for 2010).

The median household income in Nevada is $51,847 (2016). Since 2010, it has decreased by $2,236 (4.1%). The highest median household incomes are in the following cities of Nevada: Genoa ($153,580), Crystal Bay ($146,862), and Crescent Valley ($93,250). These are the median household incomes in the neighboring states: $60,727 in Utah and $47,583 in Idaho.

The median property value in Nevada is $173,700 (2016). These are the cities in Nevada with the highest median property values: Glenbrook ($1,413,500), Zephyr Cove-Round Hill Village ($780,900), Zephyr Cove ($733,200), Incline Village ($712,500), and Genoa ($646,200). Median home prices in nearby states include $215,900 in Utah, and $173,700 in Idaho.

A poverty rate shows the percentage of the poor among the entire population. For the state of Nevada, the estimated poverty rate is 11.39% (based on the data for 2016). Since 2010, this figure has increased by 0.83 percentage points. The official poverty rate in the U.S. is 12.7 percent (according to the U.S. Census Bureau for 2016). Thus, we see that Nevada is below the national level based on this measure (for this indicator, lower is better). Neighboring Nevada states have the following poverty level: the poverty rate in California is 12.18%, in Idaho—10.88%.

In 2016, the median gross rent in Nevada was estimated at $973 per month. The following cities top the list of places with the highest median gross rent in Nevada: Zephyr Cove-Round Hill Village ($1,646/mo), Virginia City ($1,623/mo), Spanish Springs ($1,450/mo), Incline Village ($1,377/mo), and Spring Creek ($1,329/mo). For comparison purposes, we present data on median gross rent in neighboring states: in California renters pay $1,255/mo, in Utah—$973/mo.

The estimated rent burden in Nevada is 30.1% (based on Census records for 2016). It is considered that if a household spends no more than 30 percent of its income on rent, utilities, and other building costs, such housing is affordable. Rental housing in Alabama is becoming more affordable. In 2010, the rent burden was higher and estimated at 31.0%. Compare the housing affordability in Nevada and neighboring states: in California, the rent burden is 33.7%, in Idaho — 29.4%.

The share of renter-occupied housing units in Nevada is 44.94%. This figure has slightly increased compared to 2010, when 41.22% of houses and apartments were rented out. The following cities in Nevada have the highest share of renter-occupied units: Stateline (87.36%), Fallon (62.81%), and Laughlin (59.10%). Here's what rental market looks like in the nearby states: in California 45.67% of housing units are occupied by renters or tenants, in Idaho—31.13%.

Experts estimate the number of renter occupied households in Nevada at 394,807 units (based on Census and ESRI data for 2016). In 2015, there were 385,910 of such households. Cities in Nevada with the largest number of renter occupied households are the following: Las Vegas (105,176), Henderson (41,061), Spring Valley (40,562), North Las Vegas (29,579), and Carson City (9,529). Here's what rental housing looks like in nearby states: there are 4,947,085 renter occupied households in California and 4,947,085 households in Utah.

The total number of eviction judgments in Nevada is 13,478 (2016). In 2015, there were 17,148 evictions. Thus, we observe a decrease of 21.4%. In the neighboring states, the picture is as follows: 41,178 evictions were conducted in California, 2,787 evictions were conducted in Utah.

There were 24,319 eviction cases filed in Nevada in 2016. There were 32,736 of such cases in 2015 (decline of 8417 filings, or 25.7% down). Nearby states recorded the following stats: 47,079 cases were registered in California, 6,590 in Utah (data for 2016).