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Carson City, NV—89701

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$464,000
2.6% YoY Growth
Household Income
$71,400
35.1% YoY Growth
Days on Market
60
3.0% Longer YoY
Home Price Forecast
0.6%
Median Rent
$2,150
13.2% YoY Growth
1-Bed Rent
$1,200
8.8% YoY Growth
2-Bed Rent
$1,600
10.7% YoY Growth
3-Bed Rent
$2,300
7.2% YoY Growth

Other Zip Codes in Carson City, NV

897068970589703
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Carson City, NV

As of Dec '25, the median home price in Carson City, NV is $464,000, with a year-over-year change of 2.6%. This indicates that home prices in Carson City, NV are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$464,0002.6%
Single Family $470,0002.4%
Condos $280,0001.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$336,0000.3%
    3 Bed
    		$448,0002.1%
    4 Bed
    		$560,0003.3%
    5 Bed $720,3756.6%
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    % of Housing Stock

    Studio
    3.7%
    1 Bedroom
    8.3%
    2 Bedrooms
    23.6%
    3 Bedrooms
    48.7%
    4 Bedrooms
    13.9%
    5+ Bedrooms
    1.9%

    Rental Trends — Carson City, NV

    As of July '25, Rentcast reports the average rent in Carson City, NV is $2,140, with a year-over-year rent change of 13.2%. Per bedroom, the median rent as of July '25 in Carson City, NV is studios: $1,100, 1-bedrooms: $1,240, 2-bedrooms: $1,650, 3-bedrooms: $2,390, 4-bedrooms: $3,060. The most common rental property sizes in Carson City, NV are 2-bedroom and 3-bedroom, accounting for 35.8% and 30.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,150$2,140
    Studio Rent $1,100$1,100
    1 Bed Rent $1,200$1,240
    2 Bed Rent $1,600$1,650
    3 Bed Rent $2,300$2,390
    4 Bed Rent $2,980$3,060
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    % of Rental Stock

    Studio
    7.7%
    1 Bedroom
    19.2%
    2 Bedrooms
    35.8%
    3 Bedrooms
    30.9%
    4 Bedrooms
    5.2%
    5+ Bedrooms
    1.1%

    Property Listings — Carson City, NV

    As of Dec '25, Realtor.com reports that the median days on market for a home in Carson City, NV is 67. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$480,0005.0%
    Listing Count
    		60-12.0%
    Listings as % of Homes0.7%-12.0%
    Days on Market
    		603.0%
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    Demographics — Carson City, NV

    As of the latest ACS Survey released in 2023, Carson City, NV has a population of 28,400, which has increased by 6.8% over the past 5 years. Carson City, NV is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		28,4006.8%
    % Under 18
    		19.5%-11.4%
    % Seniors
    		18.1%4.6%
    % WFH
    		10.9%275.9%
    % w/ College Degree
    		20.3%6.3%
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    As of the latest ACS Survey released in 2023, Carson City, NV is a predominantly white area, with 58.6% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Carson City, NV is hispanic, making up 26.3% of the population. Foreign-born residents account for 13.9% of the population in Carson City, NV, and this percentage has increased by 19.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		58.6%-8.0%
    % Black
    		3.5%59.1%
    % Hispanic
    		26.3%0.4%
    % Asian
    		3.1%10.7%
    % Foreign Born
    		13.9%19.8%
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    Mortgage and Risk — Carson City, NV

    According to HUD data as of 2023, there were 411 mortgage originations in Carson City, NV, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Carson City, NV. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		411
    % Conventional Loans
    		74.0%
    % Government Loans
    		26.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Carson City, NV

    As of 2024, the percent of homes in Carson City, NV under the Section 8 program is 7.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Carson City, NV, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		339
    Total Units Section 8
    		316
    % Rentals under Section 8
    		7.4%
    % Occupied Section 8
    		73.2%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$60$1,200$1,140
    2 Bedroom-$140$1,600$1,460
    3 Bedroom-$250$2,300$2,050
    4 Bedroom-$530$2,980$2,450

    Affordability — Carson City, NV

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6
    Median Home Price$464,000
    Median Household Income$71,400

    Carson City, NV — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Carson City, NV

    89706

    Carson City, NV

    89705

    Minden, NV

    89423

    Carson City, NV

    89703

    Silver City

    89428

    Frequently Asked Questions