Nevada
Market InsightsNevada is a city in Collin County, Texas, United States. The population was 822 at the 2010 census. First settled in 1835 by John McMinn Stambaugh and named "McMinn Chapel", the area was settled by Granville Stinebaugh, who named it after the Nevada Territory. Nevada enjoyed some prosperity after becoming a stop on the St. Louis Southwestern Railway, and the town incorporated in 1889.On 9 May 1927, a half-mile-wide F4 tornado ripped through Nevada, leaving 19 dead, 100 injured, and property damage exceeding $650,000. The town had a difficult recovery; citizens voted to unincorporate, and placed the restoration of the community in the hands of the Collin County authorities. However, the growing mechanisation involved in agriculture, along with the Great Depression, caused the town to fall into stagnation. The railroad later removed its tracks from the area.Recent growth in Collin County during the last 25 years has moderately improved life in Nevada.
