15 Nevada Cities You Should Never Buy Property In
For many, Nevada is a dream land of dazzling lights, desert landscape, and buzzing tourist attractions. Under the neon glow of the Silver State, however, there are places where you could buy property and roll the dice — and lose it all. Not every city in Nevada is an ideal city for property investment, whether due to a lack of infrastructure, high crime rates, or soaring housing costs with little return.
If you’re thinking of putting down roots in Nevada, proceed with caution. Avoid cities you know may give you future headaches and possibly waste your hard earned money. Let’s take a look at a few places where buying property probably isn’t the best idea and why.
Reno
They call Reno ‘The Biggest Little City in the World’ but big problems come with that charm. Reno property prices have skyrocketed in recent years as tech companies have moved into the area and the workforce has expanded. Prices have reached unsustainable levels because of the demand for housing and many locals are being priced out. Reno may not be the golden opportunity that it appears to be unless you’re ready to overpay for a home that might not retain its value.
North Las Vegas
There are perks to North Las Vegas, but it’s a place with high crime rates, underfunded schools, and not the best location for families or investors. Even with continued attempts to make improvements, however, the problems do not seem to go away. North Las Vegas property values also tend to fluctuate, so it’s risky for those looking for long term stability.
Hawthorne
It may be a small town with a small–town vibe, but Hawthorne is also known for a lack of economic opportunities and aging infrastructure. The housing market moves at a crawl, with properties often sitting unsold for months. However, those seeking a vibrant community or solid resale potential may feel as if Hawthorne is a dead end.
Pahrump
A commuter town for workers plying the highway between Las Vegas and southern California, Pahrump has its shortcomings, its lack of amenities and high desert location seen as less appealing for most. With limited water resources and inconsistent growth, the housing market is unstable in the area. Investing in property here might feel a little like a gamble.
Winnemucca
What diminishes Winnemucca’s charms: its quiet, small town atmosphere; its infrastructure and its economic opportunities, both of which are limited. Here, the housing market is slow and the prices don’t quite add up to the potential return on investment. This sleepy spot might not be the greatest place unless you’re looking for a project property.
Carlin
Another small Nevada town struggling economically and with limited housing options is Carlin. For those after a quiet retreat, it might work, but without services and amenities, life here might prove difficult. With hard to resell properties investors may find themselves in a bind.
Yerington
It’s not exactly a rural escape, but it does have its problems. There are no robust economic drivers for the area and housing prices don’t appear to have much upside. If you want to see your investment appreciate, Yerington is not the place to be.
Battle Mountain
Now you’re intrigued by the name Battle Mountain just fine, but the town itself is generally kind of stagnant and low on opportunities. Because of fewer attractions and resources compared to the other Nevada cities, the values of the property here will not rise much, making it a risky place for investors.
Ely
It’s a remote location that is difficult for residents and businesses. Housing here is slow, and it can take longer to sell a property. If you don’t have a reason to buy here, it might be best to see what’s out there.
Tonopah
Tonopah, known as the “Queen of the Silver Camps,” has a rich history, but a less than thriving present. Its remoteness and lack of amenities make it hard to sell to many buyers. Property investments here may not yield the kind of returns that you’d expect.
Fallon
Nevada’s Fallon, or “The Oasis of Nevada,” is confronted with changing housing prices and limited economic growth. It has a quaint charm, but investors might have a hard time seeing big returns in this market.
Laughlin
As a riverside casino town, Laughlin’s appeal doesn’t always translate to a booming housing market. Tourism is a huge part of the area’s economy and when it falters, so does property value. Don’t put down roots in this entertainment heavy locale without thinking twice.
Mesquite
Retirees love mesquite, but it’s not necessarily the best investment property. Because the town’s economy is so dependent on tourism and hospitality, housing prices can be a bit unpredictable. The local job market might not leave you hanging if you are not retiring.
Silver Springs
On paper, Silver Springs sounds shiny, but in reality it’s less so. It’s still a developing area with few amenities and people. While property prices are low, there’s little potential for growth, so it’s a tricky place to be a buyer.
Caliente
Despite its natural beauty, Caliente lags in economic development and infrastructure. They are affordable, but there is little potential for appreciation. Maybe if you’re looking for growth, you should look elsewhere.
Disclaimer: This list is solely the author’s opinion based on research and publicly available information.
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