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Nevada

Blog by Chris Shouse
Las Vegas, Nevada

Real Estate in Las Vegas including Summerlin, Green Valley, Henderson, and North Las Vegas. Travel Tips and area's all around Nevada for your traveling pleasure. Call 702-277-3195 or email me chrisshouse@gmail.com

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Nevada

Las Vegas on the CNN Money List

Aug. 4, 2006
Categorized in: House Prices

Las Vegas made the CNN money list as one the 100 overpriced markets.  I tend to agree with the evaluation, however it does not seem to stop people from buying.  I will say though we have the highest number of homes in our MLS than has ever been there before.  Homes are also taking 4-5 months to sell.  So we may see the prices come down some as sellers get anxious.

Of course while our housing maybe overpriced, we were also on the top 100 as a good place to live.  Below are the statistics from CNN:

Las Vegas, NV
Financial
  City stats Best places average
Median family income
(per year)
$59,195 $76,893
Family purchasing power
(annual, cost-of-living adjusted)
$44,845 $68,109
Sales tax 7.75% 6.55%
State income tax rate
(highest bracket)
n/a 6.46%
State income tax rate
(lowest bracket)
n/a 2.74%
Auto insurance premiums
(Average for the state)
$2,557 $2,207
Job growth %
(2000-2005)
19.68% 10.97%
Housing
  City stats Best places average
Median home price $260,000 $259,566
Home price gain
(2004-2005)
11.20% 9.26%
Education
  City stats Best places average
Colleges, universities and
professional schools
3 8
Junior colleges and
technical institutes
0 0
Test scores reading
(% +/- state average)
-15.9% 13.3%
Test scores math
(% +/- state average)
-9.2% 16.9%
% students attending
public/private schools
91.1/8.90 88.4/11.59
Quality of life
  City stats Best places average
Air quality index
(% of days AQI ranked as good)
46.8% 71.9%
Personal crime risk
(100 is nat'l average; lower is better)
323 45
Property crime risk
(100 is nat'l average; lower is better)
267 74
Personal crime incidents
(per 100,000)
789 228
Property crime incidents
(per 100,000)
4,812 3,105
Median commute time
(in minutes)
22.4 20.8
% population with commute
45 mins. or longer
9.8% 13.4%
Leisure and culture
  City stats Best places average
Movie theaters
(within 15 miles)
23 22
Restaurants
(within 15 miles)
3,377 2,268
Bars
(within 15 miles)
397 127
Public golf courses
(within 30 miles)
62 74
Libraries
(within 15 miles)
23 43
Museums (accredited by AAM
within 30 miles)
1 7
Ski resorts (within 100 miles) 1 10
Weather
  City stats Best places average
Annual precipitation
(inches)
4.05 36.00
Clear days 210 107
High temp in July ° F 107.5° 87.7°
Low temp in Jan ° F 28.0° 23.5°
Health*
  City stats Best places average
Has health plan
(% of residents)
82.0% 88.2%
Body mass index
(avg. for residents)
27 27
Cancer mortality
(per 100,000, age-adjusted)
190.7 191.3
Cardiac mortality
(per 100,000)
174.2 202.0
Meet the neighbors
  City stats Best places average
Median age 34.2 34.5
Completed at least some college
(% of residents)
50.2% 63.9%
Married 48.5% 54.3%
Divorced 14.0% 9.3%
Amount spent on vacations
(domestic and foreign, household avg. per year)
$6,910 $7,549