Filters

Land for Sale in Nevada - Securing the Best Deals Possible

Articles

Created on Saturday, February 13, 2016
Updated on Monday, February 26, 2018
by Land Century

Known as the Silver State, Nevada is home to the iconic town of Las Vegas and is the 7th most extensive state in the U.S. Although the state is comprised primarily of desert land, it still manages to attract millions of tourists each year. With a favorable climate and plenty of open space, Nevada is a great place to invest in land. While affordable land prices are attractive, there are plenty of other factors that make this state a smart choice for investment.

Population and Demographics

Nevada as a whole had a population of 2,890,845 as of July 2015. That’s a 7.05% (51,746) increase compared to the 2010 census. The vast majority of the state’s population growth is centered in Nye County, where the town of Pahrump has been rapidly growing since 1980. As of 2010, the town had approximately 36,000 residents.
North Las Vegas and Henderson are two of the top 20 fastest-growing cities in the United States with populations over 100,000.

Mesquite, which is located 65 miles north of Las Vegas, saw a spurt of growth between 1990 and 2000. Searchlight and Indian Springs have also seen exceptional growth.

Per capita income is the highest in the following cities:

* Incline Village: $52,521
* Kingsbury: $41,421
* Mount Charleston: $38,821
* Verdi-Mogul: $38,233
* Zephyr Cove: $37,218
* Summerlin South: $33,017

Nevada ranks 19 in the country for per capita personal income. Only a small percentage of the state's population lives in rural areas, and these people tend to be native Nevada residents. Many of the residents in Reno, Las Vegas and other metropolitan areas were born in another state. Many people from California move to Nevada because the cost of living is more affordable.

Climate and Geography

Nevada’s climate and geography is diverse. The northern portion of the state is located within the Great Basin, which is a mild desert area that can experience some extremely hot temperatures in the summer, and vertical temperatures in the winter. The area will receive the occasional summer thunderstorm due to moisture from the Arizona monsoon. Storms from the Pacific can also cause snow. The highest temperature on record in the state of Nevada was 125°F in June, 1994.

The northern part of the state is also home to the Humboldt River, which runs from the East to West and drains into the Humboldt Sink. The state is home to several other rivers as well, including Truckee, Walker and Carson.
In addition to rivers, the state is also home to several mountain ranges, some of which have a peek of 13,000+ feet. These mountains are home to lush forests that are high above the desert plains. The southern portion of the state, where Las Vegas is located, is situated in the Mojave Desert. The terrain is also lower, which leads to hotter summer days and cooler winter nights.

There are 172 mountain summits in Nevada, with the largest being in the southern portion of the state: Spring Mountain range. It’s by far the most mountainous state in the country. It’s also the driest due to the state being mostly desert. Daytime temperatures can reach as high as 125°F in the summer. In the winter, nighttime temperatures can dip to -50°F.

Economy and Tourism

The climate and geography make the state a favorable place to invest in land, but what about the local economy? As you may have guessed, tourism accounts for the largest portion of the state’s economy. Las Vegas is the primary tourist destination, with over 266 casinos, hundreds of hotels and plenty of entertainment venues. In 2008, the casinos in Las Vegas alone brought in $12 billion in gaming revenue and $13 billion in non-gaming revenue.

Nevada is also the only state where prostitution is legal in certain areas – counties with populations under 400,000. There are currently 14 counties that have permitted legalized prostitution under state laws, and eight have legalized brothels. Prostitution is not legal in Reno or Las Vegas, but it is a draw for some tourists and locals in the state. Mining and cattle ranching also generate revenue for the state, although not nearly as much as tourism and entertainment.

Land and Real Estate Market – Find the Best Deals

With a fast growing population and tourist attractions, there are plenty of reasons to invest in land in Nevada. But where can you find the best deals?

First, let’s take a look at Nevada’s home prices and values:

* The median sale price for homes in Nevada is $223,665.
* Nevada has a higher foreclosure rate than the national average.
* Only 0.1% homes are delinquent on their mortgages.
* Only 0.2% of homes have negative equity.

As far as home prices go, cities with some of the highest home values include:

* Gardnerville: $215,000
* Boulder City: $207,800
* Henderson: $195,400
* Reno: $181,400
* Las Vegas: $146,900

Rental prices are lower than the national average, at $1248, but prices have been steadily increasing over the last four years. The real estate market is doing pretty well, and there are many residents moving into the state from California. That’s a positive sign for those looking to invest in real estate – but what about land? Let’s take a look at some of the current listings we have:

* 640 acres for sale for $99,500 in Lander County. This property has NO restrictions or time limits on building.
* 56 acres for sale for $22,999 just outside of Lovelock. Owner financing is available for this property.
* We also recently sold a 160-acre property for $55,000. You read that right – 160 acres for $55,000.

The best deals can be found outside city limits and in more rural areas, but you can still find great opportunities right outside of Las Vegas, Reno and other areas with high populations.

The land market in Nevada offers many opportunities, and you can get your hands on lots of acres at rock bottom prices. You can use this land for recreational purposes, to build a home, or (if zoning permits) commercial ventures. Taxes are low, and the state is one of the fastest growing in the country.
Get instant customized notifications for the properties you’re looking for.
Alertik iOS Alertik Android
Share this Article
20 Acres for Sale in Bridgetown, Barbados - International Property Spotlight

Bridgetwon, the capital of Barbados, is a port city on the island's southwest coast. It's known for its British colonial architecture, 17th-century Garrison and horseracing track...

Featured Listings

20.66 Acres
Chloride, AZ
41.42 Acres
Winnemucca, NV
10 Acres
Sierra Blanca, TX
0.23 Acres
Cape Coral, FL
0.16 Acres
California City, CA
0.14 Acres
Saint Augustine, FL
0.25 Acres
Los Lunas, NM
29 Lots
Willcox, AZ
5.54 Acres
Titusville, FL
0.28 Acres
Punta Gorda, FL
*** Royal Westmoreland, Morpheus House, Villa for Sale in St. James ***

Royal Westmoreland is an exclusive Barbados estate and country club. It is a gated community of luxury homes and holiday villas with exceptional facilities, including the world-cla...

New Construction Project for 56 Unit Townhomes in Titusville, Florida

EXECUTIVE SUMMARY 5.54 ACRES / R-3 ZONEDLocated on 5.54 acres in the heart of The Beautiful Overlooking the Indian River City of Titusville, Florida. 4.178 acres zoned R-3 (Residen...

Featured Profiles

Verified Wholesaler

BuildFortune, LLC

Verified Wholesaler

Landville LLC

Waterfront Liquidation - Own Waterfront Lot Today! Tennessee's most popular camping place!

ENJOY WATERFRONT PROPERTY FROM ONLY $12,800Camping is one of the most America activities you can do. One of the most beautiful places we visited is located minutes away from Tennes...

Live Your Dream: Start Your Own Business With Perfect Package! 260 Arizona Lots Ready for Land Wholesaling Opportunity! Buy & Flip with LandCentury.com Network!

Western Paradise location offers up to 500% profit potential The easiest way to start your land flipping businessWe give you the platform, you earn the rewardsLandCentury, one of A...

108 ACRES OF LAND NEAR EAGLE LAKE, MAINE IS READY FOR YOU!

We have an exciting opportunity to own land near Eagle Lake, Maine. 108 acres parcel of beautiful, untouched stretch of natural forest is located in New Canada, Maine near Eagle La...

Great development opportunity in The Enclave at The Palms, Northern Belize!

The Enclave at The Palms is a residential subdivision located in the Corozal Province in Northern Belize. This part of the country is very popular with expats, and The Enclave is l...

Be Smart, Live Well in North Port, Florida! Great opportunity!

North Port, Florida, is the place you have been waiting for. One of biggest city in Sarasota County, North Port still feels more like a small town and people hope to keep it that w...

Guide to Clearing Land: Costs & Options to Consider

Whether a property owner wants to clear some land to build a home, add aesthetic value, or reduce tree disease spread, clearing land is a necessary yet labor-intensive process. Bel...

Featured Listings

20.66 Acres
Chloride, AZ
41.42 Acres
Winnemucca, NV
10 Acres
Sierra Blanca, TX
0.23 Acres
Cape Coral, FL
0.16 Acres
California City, CA
0.14 Acres
Saint Augustine, FL
0.25 Acres
Los Lunas, NM
29 Lots
Willcox, AZ
5.54 Acres
Titusville, FL
0.28 Acres
Punta Gorda, FL
Foreclosure 101: What is It and How Does It Work?

There’s bound to be at least one foreclosed property in any town, but foreclosure as a process might seem unclear to those new to the housing market or first-time homeowners. For...

Emerging US Areas with Affordable Properties and Land

It’s no secret that some areas in the US are no longer affordable for most residents. News outlets have recounted shocking stories about the prices of real estate in places like...

Featured Profiles

Verified Wholesaler

BuildFortune, LLC

Verified Wholesaler

Landville LLC

Using Your 401k to Invest in Real Estate - Advantages & Drawbacks

You want to get in on the real estate boom, but you don't have the liquid cash to get started. You may be able to use your retirement options to invest in real estate. Primarily, w...

Unrestricted Land - What Does It Really Mean?

Unrestricted land usually means that the land doesn't come with the same restrictions homeowner's associations impose, like home size, color or style. You may be able to place a mo...

What are Tiny Houses and Are They Worth It?

Tiny houses are taking the world by storm. A lot of people are selling their larger homes and building or purchasing a tiny home. And they’re saving a lot of money in the process...

How Much Does It Cost to Build a House Yourself?

Imagine being able to build your dream home with your own two hands. As romantic as it sounds, building a home takes a great deal of time, work, dedication and skill. But if you ha...

What are Real Estate Investment Trusts and How Do They Work?

When it comes to real estate investments, you'll see a lot of people talking about REITs, or real estate investment trusts. Some people call them "real estate investment stock."The...

Create your own user feedback survey