Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 595, 318 total housing units (homes and apartments), and a median house value of $1,594,568, Stateline house prices are not only among the most expensive in Nevada, Stateline real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Stateline, accounting for 63.09% of the town's housing units. Other types of housing that are prevalent in Stateline include duplexes, homes converted to apartments or other small apartment buildings ( 20.66%), single-family detached homes ( 14.05%), and a few row houses and other attached homes ( 2.20%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Stateline is dominated by renter-occupied one, two, or no bedrooms apartments. 88.68% of Stateline's dwellings are rentals.
There is a lot of housing in Stateline built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Stateline built between 1940-1969 ( 22.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.13%).
Vacant housing appears to be an issue in Stateline. Fully 12.40% of the housing stock is classified as vacant. Left unchecked, vacant Stateline homes and apartments can be a drag on the real estate market, holding Stateline real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Stateline has experienced some of the highest home appreciation rates of any community in the nation. Stateline real estate appreciated 126.19% over the last ten years, which is an average annual home appreciation rate of 8.50%, putting Stateline in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Stateline definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Stateline that despite a nationwide downturn in the housing market, Stateline real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Stateline appreciation rates continue to be some of the highest in America, at 5.02%, which is higher than appreciation rates in 71.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Stateline. Stateline appreciation rates in the latest quarter were at 1.46%, which equates to an annual appreciation rate of 5.96%.
Relative to Nevada, our data show that Stateline's latest annual appreciation rate is lower than 60% of the other cities and towns in Nevada.
$1,594,568
for Nevada
for nation
318
$2,761 / per month