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Two in Three Nevadans Say Both Selling and Renting Prices are Too High

Half of Silver State Residents Say Now is a Bad Time to Buy a Home



PHOENIX (October 18, 2021)- Overall perceptions of Nevada’s housing market are comparable to those of close-by states like Utah and Arizona, according to public opinion polling results from OH Predictive Insights (OHPI). The latest Nevada Public Opinion Pulse (NVPOP) found that 72% of Silver State residents say Nevada’s housing market is overpriced, and 78% say the same of renting prices.


The NVPOP is a statewide survey of Nevada residents that provides regular updates on the moods, perceptions, and opinions of Nevadans on hot topics facing the state. This NVPOP was conducted October 5th – October 12th, 2021 and surveyed 857 general population Nevadans (18+ YO) giving the survey a margin of error of +/- 3.35%.


oct 2021 nvpop housing prices

In total, 65% of Nevada residents think both renting and selling prices are overpriced.

“Considering Nevada saw a near-24% increase in average home price in the last year, I’d say the feelings and perceptions of residents regarding the housing market are grounded in reality,” said OHPI Chief of Research Mike Noble.

According to the survey, the demographic groups that make up meaningful shares of the Nevada residents who consider both markets to be overpriced include those who have lived in Nevada for 11 years or more (58%), non-Hispanic white respondents (52%), and suburbanites (49%).


oct 2021 nvpop housing purchase timing

Nearly one-quarter of the general population in Nevada (23%) believe that now is a good time to buy a house, whereas half (49%) say right now is a bad time to buy a house. Among those respondents who think it’s currently a bad time to purchase a house, 85% say the housing market is overpriced, and a statistically equivalent 87% say the renting market is overpriced.

“Without directly asking residents ‘what factors are driving your purchasing decisions,’ this data directionally points to high housing/renting costs being a key influence on Nevadans’ current pessimism towards buying a home,” said Mike Noble.

Respondents who are most likely to believe that now is a bad time to purchase a house include those who say they are generally unhappy (64%), residents living in rural areas (56% of those who live outside of Clark or Washoe counties), and respondents aged 45-54 (55%).



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Methodology: This poll was conducted as an online opt-in panel survey. The survey was completed by OH Predictive Insights from October 5th to October 12th, 2021, from a Nevada Statewide General Population sample. The sample demographics were weighted to accurately reflect gender, region, age, ethnicity, and education according to recent Census data. The sample size was 857 general population (18+ YO) Nevadans, with a MoE of ± 3.35%. Numbers may not equal 100% due to rounding. 


Media Contact:

Veronica Sutliff, Noble Predictive Insights, v.sutliff@npredictive.com, (602) 390-5248


About Noble Predictive Insights: As a nonpartisan public opinion polling, market research, and data analytics firm, Noble Predictive Insights exists to elevate the world around us by empowering decision-makers with digestible data and actionable insights that translate to data-based solutions. We bridge the gap between research and strategy with customized strategic research, a hyper-focus on impact, and being true partners with our clients. Noble Predictive Insights (formerly O.H. Predictive Insights) is a 2023 Inc. 5000 fastest-growing company in the Southwest region, and is ranked in the top 15 most accurate pollsters as well as in the top 5 for lowest average bias in the 2021-22 election cycle by FiveThirtyEight. For more information, please call (602) 326-5694 or visit our website at www.noblepredictiveinsights.com.

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