Nevada Houses 2nd Most Expensive In U.S.A. By 2030

A recent survey reveals that experts believe Nevada houses will be the second most expensive in the U.S. by 2030. That prediction is based on home prices when compared to average income.

If you’ve been looking to purchase a home here in the Las Vegas area, then you know that Nevada houses are getting more expensive than ever. In fact, experts say only houses in Hawaii will be more expensive by 2030.

The data collection experts at SmartSurvey.com first took a look at Zillow data from 2012 through 2022 to determine average house prices for each state.

Then, they checked out stats from the U.S. Bureau of Labor Statistics for average incomes in each state.

After collecting that information, they “did the math” to determine what the projected average house prices and average incomes would be in 2030.

What they found was that Nevada houses would be very difficult for someone with an average income to afford. By 2030, they figure Nevada’s average personal income would be $48,369.

However, the average price of buying a Nevada house would be somewhere in the neighborhood of $1.04 million bucks! That places the Silver State second in their rankings.

If you think that’s expensive, imagine trying to buy a house in Hawaii. The average home price in the Aloha State in 2030 is expected to hover around $1.4 million dollars. The average personal income that year is projected at $61,221.

It seems more and more people are moving out west. Our neighboring states all seem to land in the top 10 most expensive list when it comes to house prices compared to incomes.

California ranks third in this SmartSurvey.com report. But wait, there’s more! Utah (#4), Idaho (#5), Montana (#6), Colorado (#7), Oregon (#8), and Arizona (#10) finish filling all but one position in the top 10.

Florida is the only state on the east coast or in the Midwest to rank in the top 10, placing at number nine.

So, where can we move if we want affordable house prices? Apparently, it’s the Midwest. All the positions in the top five least expensive house prices when compared to average incomes are in the central region of the U.S.

Specifically, SmartSurvey.com predicts Illinois will have the most affordable house prices. Other midwestern states in the top five include Ohio (#2), Pennsylvania (#3), Kansas (#4), and Iowa (#5).

In summary, this survey shows that Nevada house prices will increase five times more than our average incomes by 2030. That’s good news if you already own a home here in the Las Vegas valley. Not so good if you’re looking to buy in the near future.

Now, feel free to scroll down for more content which may interest you.

I may never be able to afford to live in one of these beautiful, but expensive neighborhoods, but it's nice to dream!

The fact that Las Vegas and Henderson are surrounded by hills and mountains gives community planners some very good areas on which to build large estate homes and mansions. The views of our city and the world famous Las Vegas Strip from a luxury home perched atop one of those high desert regions can cost upwards of $1 million dollars. A mansion in one of those gated, guarded, luxury communities, can cost up to $20 million bucks!

We are starting to see more and more famous celebrities move to the Las Vegas Valley. And now that we have two major league sports teams that call Las Vegas home, we are seeing those Las Vegas Raiders and Vegas Golden Knights players purchase estate homes in some of the expensive neighborhoods you'll see when you scroll down.

Our city has been home to great entertainers throughout its history. Now that most of the major casinos offer multi-million dollar contracts to performers for residency shows, those entertainers would surely want to live in a luxury home in one of these expensive neighborhoods.

Then, of course, there are the gaming executives who are pulling down those big bonuses. They are certainly rubbing shoulders with the rich and famous professional athletes, celebrities, and entertainers in these exclusive communities.

So what do these expensive neighborhoods, scattered around Las Vegas and Henderson, have in common? They are all guard-gated, they offer custom-built homes, and most are situated on or near beautiful golf courses. Not a bad lifestyle if you can afford it. Heck, I can't even afford to golf on one of those luxury courses. I'm not complaining. I'm just sayin'...

Feel free to scroll down and check out some of the most beautiful, and expensive neighborhoods in Southern Nevada.

https://southernhighlands.com/custom-homes-and-luxury-lots/

This is an award-winning master-planned community located in the southern foothills of the Las Vegas valley. Many of the neighborhoods in this community are guard-gated. You've got the Southern Highlands Golf Club situated within its borders. The semi-custom and custom homes feature Mediterranean and Tuscan style architecture. Lots of gaming execs call Southern Highlands home.

https://summitclubnv.com/

This exclusive community is a bit of a newcomer to the "expensive neighborhood" list. Located on the edge of Summerlin, The Summit Club lots offer great views of the Las Vegas valley, the community is guard-gated, and there is a golf club and clubhouse offering "5-star amenities."

https://countryclubhillssummerlinlv.com/

This Summerlin neighborhood features a section called "Billionaire's Row!" That ought to tell you something about the homes here. It's guard-gated, and many homes are situated right there on the famous TPC Summerlin golf course. Homes start in the $1 million dollar range. Custom-built mansions in Country Club Hills can go for over $20 million bucks!

https://www.anthemcc.com/

We travel into Henderson for one of that city's most expensive neighborhoods. By its name, you can tell that Anthem Country Club is a master-planned community built around a top-notch golf course and clubhouse. This is another guard-gated community, with homes reaching into the 7-figure range.

https://luxuryhomeslasvegas.com/communities/spanish-hills-homes-for-sale/

Spanish Hills is one of the original "exclusive neighborhoods" for celebrities, performers, and high-powered executives. It is located in southwest Las Vegas and built on an elevation which offers amazing views of "The Strip." Homes here range in size from 4,000-8,000 square feet, but there are mansions offering more than 10,000 square feet of living space too.

https://luxuryhomeslasvegas.com/communities/tournament-hills-homes-for-sale/

Homes here are pretty large, ranging from 5,000-10,000 square feet of living space. Some custom mansions are even bigger. There's one house in Tournament Hills that's over 21,000 square feet! ("I'm lost! How do I get out of here?") Of course, this guard-gated community is situated right there on the TPC Las Vegas golf course. Homes here are usually priced in the 7 to 8 figure range.

https://www.ridges.com/

Celebrities, entertainers, and professional athletes call this expensive neighborhood home. It is built high above the city on the far edge of Summerlin. There are many custom luxury homes built by some of the most renowned home builders around. Then there's the Bear's Best Las Vegas golf course, resident-only clubhouse, fitness center, swimming pool and sports courts for that active lifestyle. Sounds nice!

https://macdonaldhighlands.com/

This is a renowned master-planned community offering homes in the multi-million dollar range. Dragon Ridge Country Club is located within the MacDonald Highlands borders. There are lots up for grabs in the SkyVu neighborhood which offer amazing views of the city. This prestigious guard-gated community has seen record sales throughout the years.

Larry Martino is the long-time afternoon drive personality on 96.3 KKLZ. The views and opinions expressed in this blog are those of Larry Martino and not necessarily those of Beasley Media Group, LLC. Follow us: Facebook / Twitter / Instagram