Best Neighborhoods To Invest In Goldfield, NV

Goldfield, Nevada, is a small town with about 50 people. It offers a chance for real estate investment. It’s about 90 minutes from the nearest big city. This town draws attention from both tourists and those looking to invest. Even though it’s a bit out of the way, Goldfield’s charm and low cost make it a great choice for buying property.

The average price for homes in Goldfield is $207,500. Prices are about $197 per square foot¹. Right now, there are four homes on the market. This shows a small but promising market for buyers¹. The rental market in Goldfield is strong too. Renters pay about $1,690 a month, and landlords see about a 7.00% return each month¹.

Investors looking for a detailed guide will find the housing market stats in Goldfield, NV very helpful. The best area in Goldfield for investing shows an average 7.00% return on investment¹. Short-term rental homes also tend to bring in more money than long-term ones in this area.

Key Takeaways

• Goldfield, NV offers a unique charm and affordability for real estate investors.
• The median list price of properties is $207,500, with an average price per square foot of $197¹.
• There are currently four properties available for sale in Goldfield¹.
• The average monthly rental income in the area is $1,690¹.
• The best neighborhood for investment provides an average ROI of 7.00%¹.
• The Goldfield real XXestate market highlights an average monthly cash on cash return of 7.00%¹.

Overview of Goldfield, NV Real Estate Market

The Goldfield, NV real estate market is on the rise, drawing in investors and homebuyers. Its historic charm and potential for growth are really appealing. The recent trends and data highlight what makes it a good choice.

Current Market Trends

Goldfield NV market trends show a lively sales scene. Just last month, 2 homes were sold, showing people are actively buying here². New property listings are updated every 15 minutes. This gives buyers the freshest options². There’s a wide range in property sizes and prices, starting as low as $8,200 and reaching up to $1,499,900².

Property Appreciation Rates

Properties in Goldfield have soared in value. Over the last ten years, they’ve climbed by 229.8%, which is way above the national average³. This significant growth shows Goldfield is a great spot for making the most out of property investments³.

Median Home Prices

The housing market data shows Goldfield’s median home price is $155,000². This offers a promising chance for investment compared to other parts of the country. Homes in Goldfield provide good value for the money. Especially those in neighborhoods like “Ramsey” and “Euclid,” where prices are even below $15,000, making the investment appeal even stronger².

Population and Demographics

Goldfield, NV, is a special place for both people looking to live there and investors. It has 212 people living there, making it rank 98th in Nevada⁴. The average age here is 65, making it perfect for services targeting older folks.

Age Distribution

The people in Goldfield are mostly older, with lots retired. This creates a stable and welcoming community. It’s a great spot for investors wanting dependable homeowners.

Income Levels

The incomes in Goldfield show people live comfortably. The median incomes for households and individuals are good, especially with living costs being low. This makes Goldfield attractive to those interested in local economics.

Ownership vs. Rentership

In Goldfield, 72% of houses are owned, not rented. This shows that people here value their homes and the stability of the community. It’s important info for those studying homeownership trends.

Goldfield stands out for investors. It has a lot of older people, most own their homes, and income levels are solid. This suggests Goldfield has both stability now and room to grow.

Neighborhoods with High Investor Interest

Goldfield, NV, is now a hotspot for investors, focusing on the Main Street Area and the Old Town District. These spots are desired for their history and modern charm. They attract a lot of investor attention.

Main Street Area

Main Street in Goldfield is famous for mixing old architecture with new comforts. Homes average at $155,000. Prices range from $8,200 for smaller lots to $1,499,900 for huge 249-acre lots⁵. It’s a perfect spot for homes and businesses because of its great location in Goldfield.

Old Town District

The Old Town District is prized for its historic beauty and growth potential. The average home goes for around $150,000. Lot sizes are usually about 7.44 acres⁵, with 1-acre lots being common. This area is ideal for investors looking for value and room to grow.

As Goldfield grows and its population increases, these neighborhoods are more enticing to investors⁵. Both the Main Street and Old Town areas offer strong returns and demand.

Affordability and Cost of Living

Goldfield, NV shines because of its amazing affordability, bringing in buyers and investors. Its low *cost of living* is key, with home prices averaging at $155,000. This makes for very *budget-friendly neighborhoods* in this charming town². Though there are just ten land homes for sale, their appeal is vast².

The range of house prices in Goldfield is wide, from $8,200 to $1,500,000². Anyone can find a home to fit their budget, making the town attractive to many. The biggest property listed is 249 acres at $1,499,900², showing the diverse and big investment options available.

There are lots of investment chances due to the price diversity. The median price for a property on S Main St is $67,000². With such good prices, people see Goldfield as affordable and smart for the long haul. Interestingly, none of the homes are for rent, pointing to a focus on home buying².

The living costs in Goldfield also stress its affordability, being much lower than state and national levels. For instance, housing costs are especially low, making it a great place for a *budget-friendly* life². This draws those eyeing areas near Las Vegas for their cooler temperatures and cheaper living, like Sandy Valley and Goodsprings⁶.

Looking at *Goldfield, NV’s cost of living*, things like goods, services, and healthcare cost less than elsewhere². This low-cost lifestyle, combined with no state income tax in Nevada, puts Goldfield on top for those wanting a quality life affordably⁷.

In conclusion, the great property prices and low cost of living index make Goldfield stand out. Learn more about the cost of living in Goldfield and see why it’s a top pick for home buyers and investors.

Best Neighborhoods To Invest In Goldfield, NV (Section removed as it duplicates section 1)

Goldfield, NV is a top choice for investing in real estate. Its rich history and economic growth stand out. With good property value growth, affordability, and amenities, it’s great for all investors.

The history of Goldfield is key to its real estate appeal. The mining boom there created important neighborhoods. Places like the Ruby Wonder Extension and the Oro Wonder mines were rich in ore, thanks to John Humphrey⁸. This rich past attracts many investors.

Goldfield is making it easier for investors too. It’s simplifying rules to speed up things like getting a Certificate of Appropriateness (COA)⁹. It’s also making governance better by clearing up roles of District Officers⁹. These changes can boost property values and confidence in investing.

Investing in Goldfield is also cost-effective. Legal fees are low, with some costs as little as $1¹⁰. This is great for new investors wanting to save on startup costs.

The town’s close to key historical spots, adding to its charm. For instance, Ruby Wonder Extension offers great return potentials due to its ore discoveries⁸. Investing here provides both historical richness and solid returns.

In summary, Goldfield, NV combines historical charm, low costs, and good regulations for real estate. These make it an attractive place for investing. Future investors shouldn’t miss out.

Those interested in Goldfield’s history might like Dr. Frances Estelle Williams’ story. Her determination is still inspiring the town’s growth. Read more about the history here.

Quality of Life and Amenities

Goldfield, NV, offers residents a high-quality life with its peaceful surroundings. It features a range of recreational activities and important services. This town attracts families, retirees, and anyone looking for a quiet yet engaging place to live.

Parks and Recreation

The town boasts several parks, enhancing its residents’ lifestyle with outdoor fun. These green spaces are perfect for leisure activities. Residents gather here for picnics, sports, and to relax, making these parks community favorites.

Dining and Entertainment

Goldfield offers a wide range of food options. Residents can choose from local diners to upscale restaurants. There are also many entertainment choices, including cinemas and local events. These add to the town’s vibrant community life.

1. Local diners
2. Sophisticated eateries
3. Movie theaters
4. Community events

Goldfield ensures easy access to the internet with several providers. The town supports speeds up to 1000 mbps¹¹. Fast internet helps residents keep up with the digital world, aiding in the town’s commitment to quality living.

Healthcare Facilities

Healthcare in Goldfield is dependable with various centers ready to serve. While smaller than big cities, its healthcare is impressive. It’s close to top health facilities in Las Vegas¹², ensuring residents have access to excellent care.

For more about Goldfield, NV’s living benefits, check out this analysis¹¹.

Schools and Education

Goldfield, NV offers various schools for many ages. The high quality of education here attracts many families. Students are given the chance to grow and learn effectively.

Elementary Schools

Goldfield has two top public elementary schools¹³. They are known for high state test scores. Students enjoy strong academic and extracurricular programs that help them grow academically and personally.

Middle and High Schools

Goldfield also has great public middle schools¹³. They make moving from elementary to middle school easy and keep students doing well. High schoolers get ready for college and careers with in-depth programs.

Daycare and Preschools

For parents who work, dependable daycare is important. Goldfield has several top daycare and preschool facilities¹³. With modern amenities and skilled teachers, kids get top care and education early on.

Commute and Transportation

Goldfield, NV, faces transportation challenges due to its remote spot and scarce public transit. Most locals drive because there’s no significant public transit. Public transit is not an option here, unlike in many other places¹⁴. This means longer travel times for trips to big cities.

Public Transit Options

With few public transit choices, people must use cars for their commutes. This shows we need better public transit to help the community.

Proximity to Major Cities

Getting to big cities from Goldfield takes a lot of time. It’s about a ninety-minute drive to the closest large city. This long travel is hard for work commutes or reaching important services.

Walkability and Bikeability

Goldfield is okay for biking but not great for walking. It’s hard to get around on foot. Making the area more walkable and bike-friendly would shorten travel times and support healthier living.

The transportation scene in Goldfield leans heavily on cars, with scarce public transit and long commutes marking residents’ daily lives.

Internet and Broadband Availability

Goldfield is seeing a surge in demand for high-speed broadband services. Several internet providers offer various connections, such as satellite, ADSL, and more. This ensures everyone in the area can access stable internet.

Valley Communications Association, LLC stands out with its service. They offer fast wireless and even faster fiber optic internet. This range meets all kinds of internet needs, from basic browsing to remote work.

Big names like Verizon and AT&T are boosting broadband services in Goldfield too. Verizon provides backup internet with cellular routers, and AT&T brings broadband and VoIP together¹⁵. This means the area can stay connected in many ways.

Rural businesses in Nevada, like those in Goldfield, need reliable broadband. High-speed internet is key for them to work efficiently, save money, and maintain a good image¹⁵. Also, programs are helping to make internet more affordable. The Affordable Connectivity Program (ACP) offers financial aid for internet costs¹⁶.

Want to find the best internet providers near you? Check out Compare Internet for detailed advice and options¹⁵.

Conclusion

Goldfield, NV has a lot to offer for those interested in real estate opportunities. Its affordable property prices and small-town charm are big draws. The town is also known for its rich history, adding to its appeal. This makes it an attractive place for people looking to invest in property.

But it’s important to look at some concerns, like the higher-than-average crime rates. Goldfield’s crime rates are 85% higher than the national average. This includes violent crimes being 86% higher¹⁷. Residents here have a 1 in 24 chance of being a crime victim. This fact is crucial for potential residents and investors to consider¹⁷.

On a brighter note, Goldfield was once Nevada’s largest city between 1906 and 1910. Its population was over 20,000¹⁸. This bit of history shows that Goldfield has potential for growth and revival. Most interestingly, the recent trend of all-cash transactions in the housing market¹⁹. Last month, 2,559 homes were sold this way. This trend, combined with efforts by the state to improve public services and infrastructure, offers great prospects. These efforts are outlined in the State of Nevada’s legislative acts and they add value to the investment landscape, especially for those with ready cash.property prospects.

FAQ

What are the best neighborhoods to invest in Goldfield, NV?

The Main Street Area and the Old Town District are Goldfield’s hotspots. They mix old-time charm with modern appeal. This makes them prime spots for investing in homes and businesses.

What are the current market trends in Goldfield, NV?

Goldfield’s real estate scene is buzzing. It showcases historic allure and a spike in investments. The town sees home values climb fast, beating the national trend.

How have property appreciation rates in Goldfield, NV evolved?

Goldfield’s property values have soared by 229.8% over ten years. It’s a sign of a booming investment opportunity.

How do the median home prices in Goldfield, NV compare to the national average?

Goldfield’s median home prices are much softer than the national average. It’s a big draw for investors looking for affordable options.

What is the age distribution of Goldfield’s population?

Goldfield has around 224 people, mostly aged 65. It shows a seasoned, close-knit community.

What are the income levels in Goldfield, NV?

In Goldfield, households and individuals earn good money. It means living comfortably is possible without spending a lot.

What is the ownership vs. rentership ratio in Goldfield, NV?

72% of Goldfield homes are owned, not rented. It reflects a stable community where people prefer to own their homes.

Why is investing in the Main Street Area and Old Town District recommended?

Investing here is smart. These spots in Goldfield blend old-world charm with growth potential. They’re great for homes and shops.

How does the cost of living in Goldfield, NV compare?

Goldfield stands out for its affordable living. Low home prices and living costs make it attractive for those seeking value.

What amenities enhance the quality of life in Goldfield, NV?

Life in Goldfield is enriched by its parks, eateries, and healthcare. It’s family-friendly, offering daycare and schools, despite low walkability.

What education options are available in Goldfield, NV?

Goldfield offers decent schools for young students. Families also find good daycare and preschools, supporting early education.

How is the transportation system in Goldfield, NV?

Public transit is scarce in Goldfield, so cars are needed. The nearest big city is a 90-minute drive away.

What internet and broadband services are available in Goldfield, NV?

Valley Communications Association offers up to 50 Mbps download speeds. Goldfield also has a mix of wireless, satellite, and DSL services for internet.

Source Links

1. Goldfield, NV Investment Property for Sale | Mashvisor – https://www.mashvisor.com/nevada/goldfield-investment-property-for-sale/c
2. Land for Sale in Goldfield, NV – https://www.redfin.com/city/32813/NV/Goldfield/land
3. Goldfield, NV – https://housecashin.com/investing-guides/flipping-goldfield-cdp-nv/
4. Texas Cities by Population – https://www.nevada-demographics.com/cities_by_population
5. Esmeralda County, NV Homes for Sale – https://www.redfin.com/county/1868/NV/Esmeralda-County
6. 16 Southern Nevada Cities – Las Vegas Henderson NLV + More – https://www.homesforsale.vegas/southern-nevada/
7. Best neighborhoods to live in Summerlin – https://www.loraleewood.com/blog/best-neighborhoods-to-live-in-summerlin/
8. PDF – http://iapsop.com/archive/materials/goldfield_gossip/goldfield_gossip_v2_n20_jun_1_1907.pdf
9. Microsoft Word – CHDC Adoption Hearing Agenda NAC 384 – https://www.leg.state.nv.us/App/Notice/Doc/CHDC_Hearing_Notice_Package_NAC_384.07102024.766.pdf
10. 1921 Statutes of Nevada, Pages 201-403 – https://www.leg.state.nv.us/Statutes/30th1921/Stats192102.html
11. Is 89084, NV a Good Place To Live? | Flyhomes – https://flyhomes.com/quality-of-life/89084
12. Uncover 55+ Communities and Active Adult Living in Las Vegas – https://www.teamkuptz.com/55-plus-communities
13. Is Goldfield, NV a Good Place To Live? | Flyhomes – https://flyhomes.com/quality-of-life/goldfield–nv
14. Goldfield, NV Area Guide – https://www.areavibes.com/goldfield-nv/
15. The Communications Landscape: Connectivity in Nevada – https://nevadabusiness.com/2018/03/the-communications-landscape-connectivity-in-nevada/
16. Compare Internet Providers in Nevada (NV). – https://www.compareinternet.com/nv/
17. Goldfield, NV Crime Rates: Stats & Map – https://www.areavibes.com/goldfield-nv/crime/
18. Perils of Opportunity – The Mining Towns – Death Valley National Park (U.S. National Park Service) – https://www.nps.gov/deva/learn/historyculture/perils-of-opportunity-the-mining-towns.htm
19. 7 Best Companies That Buy Houses For Cash in Nevada in 2024 – https://www.houzeo.com/blog/companies-that-buy-houses-for-cash-in-nevada/