Tonopah, NV is a small town located in the middle of the Nevada desert. The median value of housing in Tonopah is $155,200, which is significantly lower than the US median value of $338,100. In the past year, however, the appreciation of houses in Tonopah has been quite high at 10.34%, higher than the national average of 8.27%. This has meant that housing prices have been steadily increasing in recent years and could continue to do so as long as this trend continues. Therefore, investing in property now could be a smart move for those looking to buy and sell homes in Tonopah.
The median home cost in Tonopah is $155,200. Home appreciation the last 10 years has been 229.8%. Home Appreciation in Tonopah is up 19.2%.
Average Age of Homes
- The median age of Tonopah real estate is 43 years old
The Rental Market in Tonopah
- Renters make up 37.8% of the Tonopah population
- 3.4% of houses and apartments in Tonopah, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.