Nevada is the seventh-largest state by area, with a population of 3,034,392 (U.S. Census Bureau, July 1, 2019). Throughout history, there have been important milestones that helped shape Nevada. Once a Spanish colony, Nevada became a part of the United States with the signing of the Treaty of Guadalupe Hidalgo in 1848. Nevada was admitted as a U. S. state in 1864 and was the first state to grant voting rights to African American males after the 15th Amendment to the U. S. Constitution was ratified in 1869. Nevada's early economy relied heavily on gold and silver production but later depended on gambling and nuclear weapons testing in addition to mining.
Today, Nevada's economy has a GDP of $168 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by these top industries: tourism and gaming, logistics, manufacturing, mining, and aerospace. Many of the leading Fortune 500 companies have their headquarters in Nevada, including Park Place Entertainment Corp, Harrah's Entertainment Inc., and MGM MIRAGE, to name a few.
The most recognized cities in Nevada are Las Vegas, Reno, and Henderson.
Las Vegas can be found in southern Nevada, close to the borders of California and Arizona, and has a population of 621,662. Las Vegas is home to the Las Vegas Strip, Fremont Street Experience, Red Rock Canyon National Conservation Area, and Springs Preserve. Over the last ten years, Las Vegas' housing market has appreciated by 99.29%. When compared to the rest of the nation, Las Vegas' housing prices are significantly more expensive, with the median home price of $209,700 and a median rent of $1,024.
Reno is located in western Nevada and has a population of 239,732. Reno is home to the National Automobile Museum, Terry Lee Wells Nevada Discovery Museum, and Rancho San Rafael Regional Park. Over the last ten years, Reno's housing market has appreciated by 88.59%. When compared to the rest of the country, Reno's housing prices are substantially higher, with the median home price of $265,600 and a median rent of $906.
Henderson is 16 miles south of Las Vegas and has a population of 284,817. Henderson is home to the Lion Habitat Ranch, Clark County Heritage Museum, and Hemenway Park. Over the last ten years, Henderson's housing market has appreciated by 79.77%. When compared to the rest of the nation, Henderson's housing prices are more costly, with the median home price of $266,2000 and a median rent of $1,184.
|Single Family Homes for sale in Nevada|
|Average List Price||$631,500|
|Average Price Per Square Feet||$212|
|Condos for sale in Nevada|
|Average List Price||$356,781|
|Average Price Per Square Feet||$264|
|Townhomes for sale in Nevada|
|Average List Price||$269,071|
|Average Price Per Square Feet||$178|