From: St.Louise Fed
(click image to enlarge)
Kudos to Nobel prize winner Paul Krugman for 'tipping' this great research site that contain a lot of helpful data on Reno.
Basing it from the above graph, our city is growing! This is good news. Perhaps this is the reason for our strong demand. And for the locals who are a tad worried of this growth, Reno has a good reputation for not allowing itself to be 'another Vegas.'
Good job leaders for the growth without compromise (core identities of our city).
Here's a link on the median household income of the people of the greater Reno-Sparks (Washoe County).
Many say that this data (income) cannot be fully trusted due to the rich people of California using Nevada as a tax shelter (they have high income over there).
From what I've seen, I kind of agree.
Most people don't have the income to buy $400,000 homes here. My guess is more than fifty percent of the growth in our population our starter home buyers.
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