Paradise, Nevada - Dental Demographics - Housing


Paradise, Nevada - Dental Demographics - Housing


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Housing



This 1 mile radius contains 17,875 housing units and a high vacancy rate of 20.0%. This area has a 5.5% home ownership rate and 74.5% of the population are renters. The ownership occupancy levels are well below Nevada and US.

Home values have two implications—they can signal the relative affluence of an area and thus the ability of its population to spend more on dental care, but they can also show the relative unaffordability of an area and its possibility not to grow as fast as other more affordable locations. The median home ownership value in this area is $191,921 which is well below Nevada. The median home ownership value for the United States is $303,400. This area averages spending 34.1% of their income on total housing which is considerably higher than the 30% figure that is considered a healthy housing spending percentage. Total housing expenditure includes the cost of shelter as well as utilities, fuel, and public services like water and sewer. This means that housing expenditures use a greater amount of the household budget on a national basis than it should by large amount. Disposable income in this area averages 65.9%. The average housing cost of just shelter as a percent of income in this area at 25.0%. The area is affordable for those living here. In general, all these housing factors are below average indicators of desirability of an area and its economic growth potential.


Table #2 Significant Demographic Characteristics - Page 2

Demographic Analysis for Paradise, Nevada
Paradise, NevadaNevadaUnited States
Demographic CharacteristicParadise
Nevada
Latitude / Longitude:36.11426, -115.15287
Radius1 mile2 miles
HOUSING
Housing units17,87544,1981,346,955145,184,826
Median home value$191,921$427,111$448,911$355,577
Home ownership rate5.5%14.3%56.5%57.9%
Renter-occupied housing74.5%62.3%36.3%32.1%
Vacant housing units20.0%23.5%7.2%10.0%
Average Cost of Housing$13,855$18,294$25,103$26,595
Average Housing Cost as a Percent of Income25.0%24.8%24.0%23.5%
HOUSEHOLDS
Households14,29433,8251,249,990130,716,571
     Average household size1.822.002.582.53
Family households32.4%39.5%63.4%64.0%
Household with children17.8%22.3%33.9%33.4%
High school graduate or higher86.1%84.7%88.4%90.6%
Bachelor degree or higher19.1%23.5%27.5%36.8%
RACE & ETHNICITY
White33.2%32.2%48.7%60.3%
Black27.1%21.5%10.2%12.5%
Native American1.3%1.3%1.4%1.1%
Asian9.4%10.3%9.6%6.4%
Pacific Islanders0.8%0.8%0.9%0.2%
Other Race16.1%19.7%14.6%8.8%
Hispanic or Latino of any race29.5%35.1%30.0%19.6%


Home Ownership Rates

Paradise, Nevada - Home Ownership Rates
Owner Occupied Households by Census Tract

 53.28% to 82.84%
 29.72% to 53.28%
 18.32% to 29.72%
 9.14% to 18.32%
 0.00% to 9.14%
1.Paradise