|Nevada Real Estate at a Glance:|
|Population:||2,758,931||Est. % of all sales that are short-sales:||0.32%|
|Land Mass in Square Miles:||110,560.72||Property Taxes % of Home Value:||0.84%|
|Median Home Value:||$207,600|
Here are Nevada’s current home loan interest rates.
Home of the world-famous Las Vegas, Nevada has an interesting housing market. This state was one of the most severely impacted victims of the 2008 housing crisis. A large percentage of its properties fell into foreclosure, and even today 32 percent of its listings are for short sales.
However, given the contributions the state receives from Las Vegas’ casinos, residents see a below-average property tax rate of 0.84 percent in addition to no income tax.
By combining Nevada’s distressed housing market, its attractive tax laws, and today’s low mortgage interest rates, and you’ve got yourself a great opportunity to borrow a home loan and buy property.