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Report: Las Vegas Home Prices Up 217 Percent Since 2011 – Nevada Globe

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Report: Las Vegas Home Prices Up 217 Percent Since 2011 – Nevada Globe


Using data from Zillow and the U.S. Census, a study by TruckInfo.net found that from 2011 to the end of 2022, Nevada has seen the most dramatic ratio of home price to wage growth, increasing six times faster than wage increases. In comparison, Florida, Arizona, and Idaho have all seen homes increase 4 times faster than wages.

“From 2011 to 2022, Nevada saw home prices grow six times faster than wages, ranking it first among all states,” the report stated. “Elementary teachers in Nevada have been particularly impacted, with home inflation outpacing their wages by (a rate of) 17.9. Truck drivers in Nevada saw home prices increase 16.9 times faster than their wages.”

Home price growth vs Wages growth (Screenshot)

“To compare home affordability over time and across geographies, a commonly used metric is the home-price-to-income ratio,” the study stated. “From 1985 to 1999 this ratio was just 2.6. As of 2022, the national home-price-to-income ratio was a staggering 6.7, meaning homes are 2.5 times less affordable today than from 1985-1999.”

The Review Journal reports that “the average price for a home in the Las Vegas Valley currently sits at $400,354, which means since 2011 there has been an overall $253,000 increase in the price of a home over the past 12 years…This means Las Vegas Valley home prices grew 217 percent since 2011, compared to a 39 percent wage growth uptick.”

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Supply and demand, combined with double-digit inflation and Federal Reserve-manipulated interest rates, are factors contributing to housing affordability.

Housing prices up 217% in Las Vegas since 2011 (Screenshot)

As reported by The Globe, the average Nevadan household must spend an additional $13,296 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs, according to a recent analysis of government data.

According to a report by CBS News:

Average hourly pay for workers has increased robust 13.6% since January 2021, although that lags the 17% increase in inflation during the same period, according to government data. The main categories requiring heavier spending for consumers simply to tread water: food, transportation, housing and energy, which together account for almost 80 cents of every $1 in additional spending, according to the Republican analysis.

“Middle- and low-income Americans aren’t doing well enough — they are living fragilely on the edge,” said Gene Ludwig, chairman of the Ludwig Institute for Shared Economic Prosperity (LISEP), a think thank whose own analysis found that the income needed to cover the basics fell short by almost $14,000, on average, in 2022.

The study concludes that since 2011, the median home in America has increased by more than $181k while the median wage has only increased by $15.8k.

According to the Cato Institute, 87% of Americans are concerned about housing costs, and 69% worry about their descendants’ ability to purchase a home.

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Oregon lands commitment from Nevada punter

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Oregon lands commitment from Nevada punter


Oregon has found its next Australian punter.

Bailey Ettridge, who averaged 44.66 yards on 47 punts at Nevada this season, committed to transfer to the Ducks on Sunday. He has three seasons of eligibility remaining.

From Lara, Australia, Ettridge had 15 punts over 50 yards and 18 inside opponents’ 20-yard lines this season. He also had two carries for 26 yards, both of which converted fourth downs.

Ettridge replaces James Ferguson-Reynolds, who is averaging 41.64 yards on 33 punts for UO this season. Ferguson-Reynolds and Ross James are both out of eligibility after the season.

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Ettridge is the first scholarship transfer to Oregon this offseason and his addition gives the Ducks 81 projected scholarship players in 2026. He is the lone punter presently on the roster.



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‘Winnemucca Day’ helps fuel Backus, Wolf Pack to 58-40 win over Utah State

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‘Winnemucca Day’ helps fuel Backus, Wolf Pack to 58-40 win over Utah State


RENO, Nev. (Nevada Athletics) – Nevada Women’s Basketball returned to Lawlor for the first game of 2026, hosting Utah State.

The Pack picked up its first conference win of the season with the 58-40 victory over the Aggies.

Freshmen showed out for the Pack (5-9, 1-3 MW) with Skylar Durley nearly recording a double-double, dropping 12 points and grabbing nine rebounds. Britain Backus had five points to go along with two rebounds and a season high four steals.

Junior Izzy Sullivan also had an impactful game with 17 points, going 6-for-11 from the paint and grabbing five boards. She also knocked down Nevada’s only two makes from beyond the arc, putting her within one for 100 career threes.

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The Pack opened up scoring the first four points, setting the tone for the game. It was a close battle through the first 10 as Utah State (6-7, 2-2 MW) closed the gap to one.

However, Nevada never let them in front for the entire 40 minutes.

Nevada turned up the pressure in the second quarter, holding Utah State to a shooting drought for over four minutes. Meanwhile, a 5-0 scoring run pushed the Pack to a 10-point lead.

For the entire first 20, Nevada held Utah State to just 26.7 percent from the floor and only nine percent from the arc, going only 1-for-11.

For the Pack offense, it shot 48 percent from the paint. Nevada fell into a slump coming out of the break, only scoring eight points.

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It was the only quarter where the Pack was outscored.

The fourth quarter saw the Pack get back into rhythm with a 6-0 run and forcing the Aggies into another long scoring drought of just under four and a half minutes.

Durley had a layup and jumper to help with securing the win.

Nevada will remain at home to face Wyoming on Wednesday at 6:30 p.m.

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EDITORIAL: Nevada’s House Democrats oppose permitting reform

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EDITORIAL: Nevada’s House Democrats oppose permitting reform


Politicians of both parties have promised to fix the nation’s broken permitting system. But those promises have not been kept, and the status quo prevails: longer timelines, higher costs and a regulatory maze that makes it nearly impossible to build major projects on schedule.

Last week, the House finally cut through the fog by passing the Standardizing Permitting and Expediting Economic Development Act. As Jeff Luse reported for Reason, the legislation is the clearest chance in years to overhaul a system that has spun out of control.

Notably, virtually every House Democrat — including Reps. Dina Titus, Susie Lee and Steven Horsford from Nevada — opted for the current regulatory morass.

The proposal addressed problems with the National Environmental Policy Act, which passed in the 1970s to promote transparency, but has grown into an anchor that drags down public and private investment. Mr. Luse notes that even after Congress streamlined the act in 2021, the average environmental impact statement takes 2.4 years to complete. That number speaks for itself and does not reflect the many reviews that stretch far beyond that already unreasonable timeline.

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The SPEED Act tackles these failures head on. It would codify recent Supreme Court guidance, expand the projects that do not require exhaustive review and set real expectations for federal agencies that too often slow-walk approvals. Most important, it puts long-overdue limits on litigation. Mr. Luse highlights the absurdity of the current six-year window for filing a lawsuit under the Environmental Policy Act. Between 2013 and 2022, these lawsuits delayed projects an average of 4.2 years.

While opponents insist the bill would silence communities, Mr. Luse notes that NEPA already includes multiple public hearings and comment periods. Also, the vast majority of lawsuits are not filed by members of the people who live near the projects. According to the Breakthrough Institute, 72 percent of NEPA lawsuits over the past decade came from national nonprofits. Only 16 percent were filed by local communities. The SPEED Act does not shut out the public. It reins in well-funded groups that can afford to stall projects indefinitely.

Some Democrats claim the bill panders to fossil fuel companies, while some Republicans fear it will accelerate renewable projects. As Mr. Luse explains, NEPA bottlenecks have held back wind, solar and transmission lines as often as they have slowed oil and gas. That is why the original SPEED Act won support from green energy groups and traditional energy producers.

Permitting reform is overdue, and lawmakers claim to understand that endless red tape hurts economic growth and environmental progress alike. The SPEED Act is the strongest permitting reform proposal in years. The Senate should approve it.

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