Paradise Valley, NV
Population 208 · Nevada
About Paradise Valley, NV
Paradise Valley is a small community located in Nevada with a population of 208 residents according to the latest US Census Bureau American Community Survey data. The median household income is $140,792 per year, which is 87% above the national median of $75,149. The median age of 63.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Paradise Valley features a median home value of $118,300, which is 52% below the national median of $244,900. This makes Paradise Valley one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 96 total housing units, 92% are owner-occupied (88 units) and 8% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Paradise Valley shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Paradise Valley have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
45.6% of Paradise Valley residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Paradise Valley Ranks in Nevada
Cost of Living in Paradise Valley, NV
Compared to national averages, Paradise Valley has a median household income of $140,792 (87% above the national median of $75,149). Home values average $118,300, which is 52% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Nevada, Paradise Valley's income is 72% above the state average of $81,841, and home values are 73% below the state median of $433,389.
Why Live in Paradise Valley, NV?
Paradise Valley offers a strong local economy with a median household income of $140,792, well above the national average, and affordable housing with a median home value of $118,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 45.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.8%, better than the national average, and short commute times averaging just 0 minutes.
Paradise Valley has a population of 208 with a median age of 63.5 years. Compare Paradise Valley with other cities to see how it stacks up, or explore all cities in Nevada.
Similar Cities Near Paradise Valley
Cities in Nevada with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Preston | 209 | $0 | $0 | Compare |
| Goodsprings | 216 | $23,918 | $0 | Compare |
| Silver Peak | 226 | $104,821 | $0 | Compare |
| Golconda | 228 | $0 | $0 | Compare |
| Cal-Nev-Ari | 230 | $33,594 | $66,700 | Compare |
| Goldfield | 231 | $121,094 | $86,300 | Compare |
| Double Spring | 243 | $106,042 | $611,600 | Compare |
| Humboldt River Ranch | 162 | $59,702 | $262,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nevada
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Paradise Valley With Other Cities
Frequently Asked Questions about Paradise Valley
What is the population of Paradise Valley, NV?
The population of Paradise Valley, NV is 208 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nevada.
What is the median household income in Paradise Valley?
The median household income in Paradise Valley, NV is $140,792 per year, which is 87% above the national median of $75,149.
What is the median home value in Paradise Valley?
The median home value in Paradise Valley, NV is $118,300, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Paradise Valley?
The median monthly rent in Paradise Valley, NV is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Paradise Valley?
The unemployment rate in Paradise Valley, NV is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Paradise Valley, NV a good place to live?
Paradise Valley offers above-average incomes, affordable housing, and a strong job market. With a population of 208 and a median age of 63.5, the city appeals to established professionals and retirees.
How educated is Paradise Valley, NV?
45.6% of residents in Paradise Valley aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Paradise Valley?
Key cost-of-living indicators for Paradise Valley, NV: median home value is $118,300 (52% below national), median rent is $0/month, and median household income is $140,792. The home-value-to-income ratio is 0.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Paradise Valley?
The poverty rate in Paradise Valley, NV is 4.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Paradise Valley, NV?
Paradise Valley's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.0% two or more races. 0.0% of residents are foreign-born.