Interesting article from Realtor Magazine points out that, nationally, neighborhood names have a certain cache’ — that can translate into cash for home buyers and sellers.
The article leverages data from Porch.com, which states that neighborhoods that include “Village,” “Hills,” and “Island” in their names report higher average incomes.
We see a few of those neighborhood names in Northern Nevada. Incline Village — an area knows for its luxury properties, comes to mind. The names vary considerably by state. In our area, I would put “Ranch” in the top five indicators: Caughlin Ranch, Rancharrah, Callahan Ranch, for example. The research doesn’t go town by town, rather it looked at the entire state.
Here’s a list of other “high value” names nationwide:
Porch researchers looked at the neighborhoods with the highest incomes and home values in each state. Read the full article here.
Holly O’Driscoll is a Realtor with Chase International Real Estate in Reno, NV. Contact: firstname.lastname@example.org or 775-850-5900.